Insider Selling: EverQuote, Inc. (NASDAQ:EVER) General Counsel Sells 740 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) General Counsel Julia Brncic sold 740 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $22.22, for a total transaction of $16,442.80. Following the sale, the general counsel now directly owns 142,496 shares of the company's stock, valued at $3,166,261.12. The trade was a 0.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

EverQuote Stock Performance

Shares of NASDAQ EVER traded down $0.89 during trading on Friday, hitting $20.78. The company had a trading volume of 467,855 shares, compared to its average volume of 411,066. The stock has a 50 day simple moving average of $19.63 and a 200 day simple moving average of $20.18. The firm has a market capitalization of $734.42 million, a P/E ratio of 61.10 and a beta of 0.96. EverQuote, Inc. has a 12 month low of $14.28 and a 12 month high of $28.09.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EVER shares. Raymond James upgraded 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. B. Riley cut their target price on shares of EverQuote from $36.50 to $29.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. dropped their target price on EverQuote from $28.00 to $25.00 and set an "overweight" rating on the stock in a research report on Friday, January 10th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $31.67.

Institutional Investors Weigh In On EverQuote

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gladius Capital Management LP purchased a new stake in shares of EverQuote in the third quarter worth $26,000. R Squared Ltd purchased a new stake in EverQuote in the 4th quarter worth $34,000. nVerses Capital LLC raised its holdings in EverQuote by 41.2% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the company's stock valued at $51,000 after acquiring an additional 700 shares during the period. Quarry LP raised its holdings in EverQuote by 100.7% during the third quarter. Quarry LP now owns 2,894 shares of the company's stock valued at $61,000 after acquiring an additional 1,452 shares during the period. Finally, Quantbot Technologies LP lifted its position in shares of EverQuote by 115.1% in the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company's stock valued at $74,000 after acquiring an additional 1,874 shares in the last quarter. Institutional investors own 91.54% of the company's stock.

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.