EverQuote, Inc. (NASDAQ:EVER) CFO Sells $25,650.19 in Stock

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CFO Joseph Sanborn sold 1,063 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $24.13, for a total transaction of $25,650.19. Following the sale, the chief financial officer directly owned 261,390 shares of the company's stock, valued at $6,307,340.70. This trade represents a 0.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Joseph Sanborn also recently made the following trade(s):

• On Friday, May 16th, Joseph Sanborn sold 744 shares of EverQuote stock. The shares were sold at an average price of $24.28, for a total value of $18,064.32.

EverQuote Price Performance

EverQuote stock traded down $0.19 during mid-day trading on Friday, reaching $24.00. 156,740 shares of the stock traded hands, compared to its average volume of 545,207. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03. The business's 50-day moving average is $24.19 and its 200-day moving average is $22.87. The stock has a market capitalization of $857.32 million, a PE ratio of 23.53 and a beta of 0.34.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers increased its stake in shares of EverQuote by 4.0% in the 4th quarter. Rhumbline Advisers now owns 34,899 shares of the company's stock worth $698,000 after purchasing an additional 1,332 shares in the last quarter. Bank of New York Mellon Corp increased its position in EverQuote by 12.0% in the fourth quarter. Bank of New York Mellon Corp now owns 69,348 shares of the company's stock worth $1,386,000 after buying an additional 7,412 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in EverQuote by 28.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 309,344 shares of the company's stock worth $6,184,000 after buying an additional 68,862 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of EverQuote by 119.2% in the fourth quarter. Victory Capital Management Inc. now owns 63,613 shares of the company's stock worth $1,272,000 after buying an additional 34,594 shares during the period. Finally, Aigen Investment Management LP purchased a new position in shares of EverQuote during the 4th quarter valued at about $249,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $38.00 price target on shares of EverQuote in a report on Tuesday, May 6th. JPMorgan Chase & Co. upped their target price on shares of EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $32.50.

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.