EverQuote, Inc. (NASDAQ:EVER) General Counsel Sells $16,442.80 in Stock

EverQuote, Inc. (NASDAQ:EVER) General Counsel Julia Brncic sold 740 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $22.22, for a total transaction of $16,442.80. Following the completion of the transaction, the general counsel now owns 142,496 shares in the company, valued at approximately $3,166,261.12. This represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

EverQuote Stock Up 3.3 %

EverQuote stock traded up $0.72 during mid-day trading on Wednesday, reaching $22.54. 454,152 shares of the company’s stock were exchanged, compared to its average volume of 412,002. The company has a market cap of $796.79 million, a P/E ratio of 66.29 and a beta of 0.96. EverQuote, Inc. has a twelve month low of $14.28 and a twelve month high of $28.09. The company has a fifty day moving average of $19.47 and a 200-day moving average of $20.16.

Institutional Investors Weigh In On EverQuote

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in EverQuote by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company’s stock worth $40,314,000 after buying an additional 24,347 shares in the last quarter. Toronado Partners LLC lifted its holdings in EverQuote by 59.7% during the 4th quarter. Toronado Partners LLC now owns 718,774 shares of the company’s stock worth $14,368,000 after buying an additional 268,670 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in EverQuote by 32.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company’s stock worth $13,076,000 after buying an additional 161,426 shares in the last quarter. Emerald Advisers LLC lifted its holdings in EverQuote by 165.8% during the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after buying an additional 399,257 shares in the last quarter. Finally, Divisadero Street Capital Management LP purchased a new stake in shares of EverQuote in the 4th quarter valued at approximately $12,311,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EVER. JPMorgan Chase & Co. decreased their price objective on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. B. Riley decreased their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a report on Thursday, December 26th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EverQuote has an average rating of “Buy” and a consensus price target of $31.67.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.