EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard Sells 6,609 Shares

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 6,609 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $21.49, for a total transaction of $142,027.41. Following the transaction, the chief technology officer now owns 156,783 shares in the company, valued at $3,369,266.67. This represents a 4.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

David Brainard also recently made the following trade(s):

• On Monday, January 6th, David Brainard sold 3,675 shares of EverQuote stock. The stock was sold at an average price of $19.52, for a total transaction of $71,736.00.
• On Thursday, December 26th, David Brainard sold 29,248 shares of EverQuote stock. The shares were sold at an average price of $19.93, for a total transaction of $582,912.64.
• On Tuesday, December 17th, David Brainard sold 14,590 shares of EverQuote stock. The stock was sold at an average price of $17.44, for a total transaction of $254,449.60.

EverQuote Trading Down 4.1 %

EVER opened at $20.78 on Friday. The company’s 50 day moving average is $19.69 and its 200-day moving average is $20.16. EverQuote, Inc. has a 1-year low of $14.28 and a 1-year high of $28.09. The company has a market cap of $734.42 million, a P/E ratio of 61.10 and a beta of 0.96.

Institutional Trading of EverQuote

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted 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 acquiring an additional 24,347 shares during the last quarter. Toronado Partners LLC grew its holdings in shares of EverQuote by 59.7% during the fourth quarter. Toronado Partners LLC now owns 718,774 shares of the company’s stock worth $14,368,000 after purchasing an additional 268,670 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in EverQuote by 32.8% in the fourth 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 boosted its stake in shares of EverQuote by 165.8% during the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after purchasing an additional 399,257 shares during the period. Finally, Divisadero Street Capital Management LP bought a new stake in EverQuote in the 4th quarter worth about $12,311,000. Institutional investors own 91.54% of the company’s stock.

Wall Street Analyst Weigh In

EVER has been the subject of a number of recent research reports. B. Riley dropped their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a research note on Thursday, December 26th. Finally, JPMorgan Chase & Co. dropped their price target on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, EverQuote currently has a consensus rating of “Buy” and an average target price of $31.67.

About EverQuote

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.