EverQuote, Inc. (NASDAQ:EVER) CTO Sells $140,294.70 in Stock

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CTO David Brainard sold 5,710 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $24.57, for a total value of $140,294.70. Following the completion of the transaction, the chief technology officer directly owned 128,720 shares in the company, valued at $3,162,650.40. The trade was a 4.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, May 27th, David Brainard sold 1,291 shares of EverQuote stock. The shares were sold at an average price of $23.11, for a total value of $29,835.01.
• 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.

EverQuote Stock Performance

EverQuote stock traded up $0.36 during midday trading on Wednesday, hitting $24.89. 259,633 shares of the company's stock were exchanged, compared to its average volume of 544,477. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $30.03. The company has a market cap of $889.07 million, a P/E ratio of 24.40 and a beta of 0.34. The stock has a 50-day moving average price of $24.23 and a two-hundred day moving average price of $23.01.

Wall Street Analyst Weigh In

EVER has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $38.00 price objective on shares of EverQuote in a research note on Tuesday, May 6th. JPMorgan Chase & Co. boosted their price target on EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $32.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new position in EverQuote in the fourth quarter worth about $90,000. FNY Investment Advisers LLC purchased a new stake in shares of EverQuote in the first quarter worth $157,000. AlphaQuest LLC lifted its stake in EverQuote by 53.9% in the 4th quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock worth $154,000 after purchasing an additional 2,698 shares in the last quarter. Arizona State Retirement System bought a new position in shares of EverQuote in the 1st quarter valued at about $202,000. Finally, Linden Thomas Advisory Services LLC purchased a new position in shares of EverQuote during the first quarter valued at approximately $216,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

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.

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