EverQuote, Inc. (NASDAQ:EVER – Get Free Report) CTO David Brainard sold 2,626 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $19.90, for a total value of $52,257.40. Following the completion of the transaction, the chief technology officer owned 150,178 shares of the company’s stock, valued at $2,988,542.20. This represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.
David Brainard also recently made the following trade(s):
- On Tuesday, October 6th, David Brainard sold 2,334 shares of EverQuote stock. The stock was sold at an average price of $19.48, for a total transaction of $45,466.32.
- On Tuesday, August 25th, David Brainard sold 1,097 shares of EverQuote stock. The shares were sold at an average price of $26.47, for a total transaction of $29,037.59.
EverQuote Price Performance
Shares of EverQuote stock traded up $1.35 on Thursday, hitting $20.74. The company had a trading volume of 672,124 shares, compared to its average volume of 843,479. The firm has a market capitalization of $747.26 million, a P/E ratio of 6.73 and a beta of 0.68. EverQuote, Inc. has a twelve month low of $13.88 and a twelve month high of $28.73. The stock has a 50-day moving average of $23.31 and a 200-day moving average of $21.06.
Institutional Investors Weigh In On EverQuote
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVER. Renaissance Technologies LLC boosted its stake in shares of EverQuote by 28.9% during the 1st quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock worth $14,517,000 after buying an additional 211,360 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of EverQuote by 47.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock valued at $13,412,000 after acquiring an additional 293,160 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of EverQuote by 1.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 743,869 shares of the company’s stock valued at $11,470,000 after acquiring an additional 13,276 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in EverQuote by 37.7% during the first quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company’s stock worth $10,728,000 after acquiring an additional 190,438 shares in the last quarter. Finally, Jacobs Asset Management LLC raised its holdings in EverQuote by 199.9% during the first quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock worth $6,219,000 after acquiring an additional 268,819 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on EVER shares. Needham & Company LLC increased their target price on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. started coverage on EverQuote in a research report on Monday, August 24th. They set an “overweight” rating and a $29.00 price objective for the company. B. Riley Financial reiterated a “buy” rating and set a $34.00 price objective (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. Zacks Research raised EverQuote from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Finally, Wall Street Zen cut EverQuote from a “buy” rating to a “hold” rating in a research note on Sunday, September 20th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, EverQuote currently has an average rating of “Moderate Buy” and an average target price of $28.17.
View Our Latest Research Report on EverQuote
About EverQuote
EverQuote, Inc operates an online marketplace that helps consumers compare insurance options and connect with insurance providers. Its platform uses data, digital marketing and technology to match consumers seeking coverage with insurers and other insurance-related providers.
The company has primarily focused on auto insurance, while also supporting shopping and customer acquisition activities for additional property and casualty insurance products, including home and renters coverage.
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