Insider Selling: EverQuote, Inc. (NASDAQ:EVER) CTO Sells 1,291 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CTO David Brainard sold 1,291 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $23.11, for a total transaction of $29,835.01. Following the sale, the chief technology officer now directly owns 141,374 shares of the company's stock, valued at approximately $3,267,153.14. This trade represents a 0.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, May 20th, David Brainard sold 6,609 shares of EverQuote stock. The stock was sold at an average price of $23.54, for a total transaction of $155,575.86.
• On Friday, April 4th, David Brainard sold 4,113 shares of EverQuote stock. The shares were sold at an average price of $22.41, for a total transaction of $92,172.33.

EverQuote Trading Down 0.3%

NASDAQ EVER traded down $0.08 during trading hours on Friday, hitting $23.04. The company's stock had a trading volume of 328,600 shares, compared to its average volume of 551,313. The company has a market capitalization of $823.08 million, a PE ratio of 67.76 and a beta of 0.45. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03. The company's 50-day simple moving average is $23.47 and its two-hundred day simple moving average is $21.88.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EVER. Needham & Company LLC restated a "buy" rating and issued a $38.00 target price on shares of EverQuote in a research note on Tuesday, May 6th. JPMorgan Chase & Co. increased their price target on EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Finally, Canaccord Genuity Group decreased their price objective on EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a report on Monday, February 24th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $32.50.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Strs Ohio purchased a new position in EverQuote during the first quarter worth about $443,000. Acadian Asset Management LLC lifted its stake in EverQuote by 13.2% in the first quarter. Acadian Asset Management LLC now owns 856,248 shares of the company's stock valued at $22,413,000 after purchasing an additional 99,743 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of EverQuote by 615.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company's stock worth $8,896,000 after acquiring an additional 292,172 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of EverQuote by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company's stock worth $393,000 after purchasing an additional 624 shares in the last quarter. Finally, Bosun Asset Management LLC bought a new stake in EverQuote during the 1st quarter valued at $505,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

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.