EverQuote, Inc. (NASDAQ:EVER – Get Free Report) CTO David Brainard sold 581 shares of EverQuote stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $19.90, for a total transaction of $11,561.90. Following the completion of the transaction, the chief technology officer directly owned 178,187 shares in the company, valued at $3,545,921.30. This trade represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
David Brainard also recently made the following trade(s):
- On Tuesday, May 5th, David Brainard sold 9,942 shares of EverQuote stock. The shares were sold at an average price of $19.42, for a total transaction of $193,073.64.
EverQuote Price Performance
NASDAQ:EVER traded down $0.35 during mid-day trading on Thursday, reaching $18.89. The stock had a trading volume of 589,429 shares, compared to its average volume of 928,291. The stock has a 50-day simple moving average of $16.93 and a two-hundred day simple moving average of $20.59. The stock has a market capitalization of $680.61 million, a PE ratio of 6.43 and a beta of 0.56. EverQuote, Inc. has a 12 month low of $13.88 and a 12 month high of $28.73.
Institutional Trading of EverQuote
A number of hedge funds have recently bought and sold shares of EVER. Lazard Asset Management LLC lifted its position in EverQuote by 81.7% in the 4th quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock worth $24,333,000 after buying an additional 405,237 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in EverQuote by 110.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company’s stock worth $15,720,000 after buying an additional 361,082 shares during the last quarter. AQR Capital Management LLC lifted its position in EverQuote by 95.1% in the 2nd quarter. AQR Capital Management LLC now owns 655,615 shares of the company’s stock worth $15,853,000 after buying an additional 319,618 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in EverQuote by 47.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock worth $13,412,000 after buying an additional 293,160 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 purchasing an additional 292,172 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.
Analyst Ratings Changes
EVER has been the subject of a number of recent analyst reports. Craig Hallum reissued a “buy” rating and set a $20.00 target price on shares of EverQuote in a research report on Tuesday, February 24th. Wall Street Zen downgraded shares of EverQuote from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. JPMorgan Chase & Co. raised their price objective on shares of EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. B. Riley Financial reduced their price objective on shares of EverQuote from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of EverQuote in a research report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, EverQuote presently has an average rating of “Moderate Buy” and an average target price of $24.17.
Read Our Latest Stock Analysis on EverQuote
EverQuote Company Profile
EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.
The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.
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