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 shares were sold at an average price of $24.57, for a total transaction of $140,294.70. Following the completion of the transaction, the chief technology officer directly owned 128,720 shares of the company's stock, valued at approximately $3,162,650.40. This trade represents a 4.25% decrease in their ownership of the stock. 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 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 transaction 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 Up 1.9%

Shares of EVER stock traded up $0.47 on Thursday, hitting $25.36. The stock had a trading volume of 444,338 shares, compared to its average volume of 545,341. The company has a market cap of $905.86 million, a PE ratio of 24.86 and a beta of 0.34. The business has a 50 day moving average price of $24.24 and a 200 day moving average price of $23.08. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03.

Analyst Ratings Changes

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

Hedge Funds Weigh In On EverQuote

Several hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC acquired a new position in shares of EverQuote during the second quarter valued at about $455,000. Pallas Capital Advisors LLC acquired a new position in shares of EverQuote during the second quarter valued at about $222,000. Strs Ohio acquired a new position in shares of EverQuote during the first quarter valued at about $443,000. Acadian Asset Management LLC increased its holdings in shares of EverQuote by 13.2% during the first quarter. Acadian Asset Management LLC now owns 856,248 shares of the company's stock valued at $22,413,000 after acquiring an additional 99,743 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in EverQuote by 615.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company's stock valued at $8,896,000 after buying an additional 292,172 shares during the last quarter. Institutional investors and hedge funds 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.