EverQuote, Inc. (NASDAQ:EVER) CFO Sells $16,524.24 in Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 744 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $22.21, for a total transaction of $16,524.24. Following the completion of the sale, the chief financial officer now owns 239,838 shares of the company’s stock, valued at $5,326,801.98. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Joseph Sanborn also recently made the following trade(s):

• On Monday, January 6th, Joseph Sanborn sold 1,192 shares of EverQuote stock. The shares were sold at an average price of $20.04, for a total transaction of $23,887.68.

EverQuote Trading Down 4.1 %

Shares of EVER opened at $20.78 on Friday. The stock has a market cap of $734.40 million, a P/E ratio of 61.10 and a beta of 0.96. The company has a 50-day moving average of $19.69 and a two-hundred day moving average of $20.12. EverQuote, Inc. has a 12-month low of $14.28 and a 12-month high of $28.09.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On EverQuote

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVER. Divisadero Street Capital Management LP acquired a new position in EverQuote during the fourth quarter worth about $12,311,000. Freestone Grove Partners LP purchased a new stake in shares of EverQuote during the fourth quarter worth about $11,618,000. Point72 Asset Management L.P. grew its holdings in shares of EverQuote by 2,301.4% during the fourth quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company’s stock worth $9,216,000 after buying an additional 441,815 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its holdings in shares of EverQuote by 572.1% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock worth $10,631,000 after buying an additional 429,084 shares in the last quarter. Finally, Emerald Advisers LLC grew its holdings in shares of EverQuote by 165.8% during the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after buying an additional 399,257 shares in the last quarter. Institutional investors and hedge funds 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.