Jayme Mendal Sells 14,360 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CEO Jayme Mendal sold 14,360 shares of the business's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $24.20, for a total transaction of $347,512.00. Following the completion of the sale, the chief executive officer now directly owns 558,789 shares of the company's stock, valued at $13,522,693.80. This represents a 2.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jayme Mendal also recently made the following trade(s):

• On Tuesday, May 20th, Jayme Mendal sold 14,360 shares of EverQuote stock. The shares were sold at an average price of $23.54, for a total transaction of $338,034.40.
• On Monday, April 21st, Jayme Mendal sold 14,360 shares of EverQuote stock. The stock was sold at an average price of $21.36, for a total value of $306,729.60.

EverQuote Stock Down 1.3%

Shares of EVER traded down $0.31 during midday trading on Monday, hitting $23.85. The company's stock had a trading volume of 559,779 shares, compared to its average volume of 548,776. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03. The stock has a market capitalization of $851.92 million, a price-to-earnings ratio of 23.38 and a beta of 0.33. The company's fifty day simple moving average is $23.82 and its two-hundred day simple moving average is $22.52.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Canaccord Genuity Group dropped their price objective on EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a report on Monday, February 24th. Needham & Company LLC reaffirmed a "buy" rating and set a $38.00 price objective on shares of EverQuote in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. increased 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. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $32.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio acquired a new stake in shares of EverQuote in the 1st quarter valued at approximately $443,000. Acadian Asset Management LLC increased its position in 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 purchasing an additional 99,743 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in EverQuote by 615.1% in the 1st 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 purchasing an additional 292,172 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in EverQuote by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company's stock valued at $393,000 after buying an additional 624 shares in the last quarter. Finally, Bosun Asset Management LLC acquired a new stake in EverQuote in the first quarter valued at approximately $505,000. Institutional investors 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.

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