Insider Selling: EverQuote, Inc. (NASDAQ:EVER) General Counsel Sells 1,808 Shares of Stock

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

EverQuote Trading Up 1.5%

EVER traded up $0.36 during trading on Wednesday, hitting $24.89. The company's stock had a trading volume of 259,633 shares, compared to its average volume of 544,477. EverQuote, Inc. has a twelve month low of $16.63 and a twelve month high of $30.03. The business's fifty day simple moving average is $24.23 and its 200 day simple moving average is $23.01. The firm has a market capitalization of $889.07 million, a price-to-earnings ratio of 24.40 and a beta of 0.34.

Institutional Trading of EverQuote

Several institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its stake in EverQuote by 12.0% during the 4th quarter. Bank of New York Mellon Corp now owns 69,348 shares of the company's stock worth $1,386,000 after purchasing an additional 7,412 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in EverQuote by 28.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 309,344 shares of the company's stock worth $6,184,000 after buying an additional 68,862 shares in the last quarter. Victory Capital Management Inc. lifted its position in EverQuote by 119.2% during the fourth quarter. Victory Capital Management Inc. now owns 63,613 shares of the company's stock worth $1,272,000 after buying an additional 34,594 shares in the last quarter. AlphaQuest LLC lifted its position in EverQuote by 53.9% during the fourth quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock worth $154,000 after buying an additional 2,698 shares in the last quarter. Finally, Donaldson Capital Management LLC purchased a new position in EverQuote during the fourth quarter worth approximately $982,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EVER has been the subject of several recent research reports. Needham & Company LLC reiterated a "buy" rating and set a $38.00 price target on shares of EverQuote in a research report on Tuesday, May 6th. JPMorgan Chase & Co. lifted their price target on EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price 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.

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