EverQuote, Inc. (NASDAQ:EVER) General Counsel Julia Brncic Sells 1,808 Shares

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) General Counsel Julia Brncic sold 1,808 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $24.31, for a total value of $43,952.48. Following the transaction, the general counsel directly owned 123,397 shares in the company, valued at $2,999,781.07. The trade was a 1.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

EverQuote Trading Down 3.9%

Shares of EVER stock traded down $1.00 during trading hours on Friday, reaching $24.36. The stock had a trading volume of 281,163 shares, compared to its average volume of 544,288. The stock's fifty day simple moving average is $24.24 and its 200 day simple moving average is $23.08. EverQuote, Inc. has a 12 month low of $16.63 and a 12 month high of $30.03. The firm has a market capitalization of $870.14 million, a PE ratio of 23.88 and a beta of 0.34.

Hedge Funds Weigh In On EverQuote

A number of large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of EverQuote in the 2nd quarter valued at about $455,000. Pallas Capital Advisors LLC purchased a new stake in shares of EverQuote in the 2nd quarter valued at about $222,000. Strs Ohio purchased a new stake in shares of EverQuote in the 1st quarter valued at about $443,000. Acadian Asset Management LLC lifted its holdings in shares of EverQuote by 13.2% during the 1st quarter. Acadian Asset Management LLC now owns 856,248 shares of the company's stock worth $22,413,000 after acquiring an additional 99,743 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 worth $8,896,000 after acquiring an additional 292,172 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Needham & Company LLC restated a "buy" rating and issued 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus 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.