EverQuote, Inc. (NASDAQ:EVER – Get Free Report) CTO David Brainard sold 1,097 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $26.47, for a total value of $29,037.59. Following the sale, the chief technology officer owned 163,030 shares in the company, valued at $4,315,404.10. The trade was a 0.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
David Brainard also recently made the following trade(s):
- On Monday, July 6th, David Brainard sold 4,960 shares of EverQuote stock. The stock was sold at an average price of $25.51, for a total value of $126,529.60.
EverQuote Trading Up 3.4%
EVER opened at $25.66 on Friday. The stock has a 50-day moving average price of $24.85 and a 200-day moving average price of $19.80. EverQuote, Inc. has a 12-month low of $13.88 and a 12-month high of $28.73. The stock has a market capitalization of $924.53 million, a P/E ratio of 8.33 and a beta of 0.62.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Comerica Bank raised its holdings in EverQuote by 235.4% during the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after buying an additional 772 shares during the last quarter. Clearstead Advisors LLC grew its holdings in EverQuote by 70.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after acquiring an additional 826 shares during the last quarter. Signature Equity Partners LLC grew its holdings in EverQuote by 65.5% in the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock worth $33,000 after acquiring an additional 842 shares during the last quarter. NewEdge Advisors LLC bought a new stake in EverQuote in the 3rd quarter worth $52,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of EverQuote in the fourth quarter valued at about $84,000. 91.54% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
EVER has been the topic of several research reports. Zacks Research downgraded shares of EverQuote from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. began coverage on shares of EverQuote in a research report on Monday, August 24th. They issued an “overweight” rating and a $29.00 target price on the stock. Wall Street Zen downgraded shares of EverQuote from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. B. Riley Financial reaffirmed a “buy” rating and set a $34.00 price objective (up from $30.00) on shares of EverQuote in a research note on Tuesday, August 4th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $28.00 target price on shares of EverQuote in a research note on Thursday, August 13th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.17.
Get Our Latest Stock Analysis on EVER
About EverQuote
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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