EverQuote, Inc. (NASDAQ:EVER) General Counsel Julia Brncic Sells 740 Shares

EverQuote, Inc. (NASDAQ:EVER) General Counsel Julia Brncic sold 740 shares of the stock in a transaction that occurred 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 completion of the sale, the general counsel now directly owns 142,496 shares in the company, valued at approximately $3,166,261.12. This represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

EverQuote Stock Up 3.3 %

NASDAQ:EVER traded up $0.72 during trading hours on Wednesday, reaching $22.54. 454,152 shares of the company’s stock were exchanged, compared to its average volume of 412,002. EverQuote, Inc. has a 1-year low of $14.28 and a 1-year high of $28.09. The firm has a market capitalization of $796.79 million, a price-to-earnings ratio of 66.29 and a beta of 0.96. The company has a 50-day moving average of $19.47 and a 200 day moving average of $20.16.

Institutional Trading of EverQuote

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of EverQuote by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company’s stock worth $40,314,000 after acquiring an additional 24,347 shares during the period. Toronado Partners LLC lifted its stake in shares of EverQuote by 59.7% in the fourth quarter. Toronado Partners LLC now owns 718,774 shares of the company’s stock valued at $14,368,000 after purchasing an additional 268,670 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of EverQuote by 32.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company’s stock valued at $13,076,000 after purchasing an additional 161,426 shares during the period. Emerald Advisers LLC lifted its stake in shares of EverQuote by 165.8% in the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after purchasing an additional 399,257 shares during the period. Finally, Divisadero Street Capital Management LP acquired a new stake in shares of EverQuote in the fourth quarter valued at about $12,311,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on EVER shares. B. Riley dropped their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their target price on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Finally, Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research report on Thursday, December 26th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $31.67.

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.