David Brainard Sells 6,609 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 6,609 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $21.49, for a total transaction of $142,027.41. Following the completion of the sale, the chief technology officer now owns 156,783 shares in the company, valued at $3,369,266.67. This represents a 4.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

David Brainard also recently made the following trade(s):

• On Monday, January 6th, David Brainard sold 3,675 shares of EverQuote stock. The shares were sold at an average price of $19.52, for a total transaction of $71,736.00.
• On Thursday, December 26th, David Brainard sold 29,248 shares of EverQuote stock. The shares were sold at an average price of $19.93, for a total transaction of $582,912.64.
• On Tuesday, December 17th, David Brainard sold 14,590 shares of EverQuote stock. The shares were sold at an average price of $17.44, for a total transaction of $254,449.60.

EverQuote Stock Down 4.1 %

EverQuote stock opened at $20.78 on Friday. The stock has a 50-day simple moving average of $19.69 and a 200 day simple moving average of $20.12. EverQuote, Inc. has a 12-month low of $14.28 and a 12-month high of $28.09. The stock has a market capitalization of $734.40 million, a price-to-earnings ratio of 61.10 and a beta of 0.96.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EVER. JPMorgan Chase & Co. reduced their target price on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. B. Riley cut their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a report on Thursday, December 26th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $31.67.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EVER. Charles Schwab Investment Management Inc. raised its holdings in EverQuote by 255.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock worth $5,072,000 after purchasing an additional 172,785 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in EverQuote by 636.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock worth $2,209,000 after purchasing an additional 90,500 shares during the last quarter. Geode Capital Management LLC raised its holdings in EverQuote by 10.4% during the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock worth $12,554,000 after purchasing an additional 56,114 shares during the last quarter. Barclays PLC raised its holdings in EverQuote by 331.2% during the 3rd quarter. Barclays PLC now owns 50,983 shares of the company’s stock worth $1,076,000 after purchasing an additional 39,160 shares during the last quarter. Finally, Emerald Advisers LLC raised its holdings in EverQuote by 165.8% during the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after purchasing an additional 399,257 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

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.