EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard Sells 5,710 Shares

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CTO David Brainard sold 5,710 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $24.57, for a total value of $140,294.70. Following the transaction, the chief technology officer owned 128,720 shares in the company, valued at approximately $3,162,650.40. This trade represents a 4.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was 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 value of $155,575.86.

EverQuote Stock Down 3.9%

Shares of EVER traded down $1.00 during midday trading on Friday, hitting $24.36. The company's stock had a trading volume of 281,163 shares, compared to its average volume of 546,587. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03. The company's fifty day simple moving average is $24.19 and its two-hundred day simple moving average is $23.15. The stock has a market capitalization of $870.14 million, a price-to-earnings ratio of 23.88 and a beta of 0.34.

Hedge Funds Weigh In On EverQuote

Several hedge funds and other institutional investors have recently modified their holdings of EVER. KLP Kapitalforvaltning AS bought a new position in shares of EverQuote in the 4th quarter valued at $90,000. AlphaQuest LLC boosted its holdings in shares of EverQuote by 53.9% during the 4th quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock valued at $154,000 after acquiring an additional 2,698 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of EverQuote during the 1st quarter valued at $157,000. Tower Research Capital LLC TRC boosted its holdings in shares of EverQuote by 23.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company's stock valued at $179,000 after acquiring an additional 1,724 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of EverQuote during the 4th quarter valued at $180,000. Institutional investors own 91.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EVER. Needham & Company LLC restated a "buy" rating and set a $38.00 price objective on shares of EverQuote in a research note on Tuesday, May 6th. JPMorgan Chase & Co. raised their price objective on EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, EverQuote has a consensus 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.