Joseph Sanborn Sells 744 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 744 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $22.21, for a total transaction of $16,524.24. Following the completion of the transaction, the chief financial officer now owns 239,838 shares in the company, valued at approximately $5,326,801.98. This represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 stock was 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 firm’s fifty day simple moving average is $19.69 and its 200-day simple moving average is $20.12. The firm has a market capitalization of $734.40 million, a price-to-earnings ratio of 61.10 and a beta of 0.96. EverQuote, Inc. has a twelve month low of $14.28 and a twelve month high of $28.09.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp grew its position in shares of EverQuote by 65.3% in the 4th quarter. Mackenzie Financial Corp now owns 104,303 shares of the company’s stock valued at $2,085,000 after buying an additional 41,222 shares during the last quarter. Warm Springs Advisors Inc. purchased a new position in shares of EverQuote in the 4th quarter valued at $1,499,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of EverQuote by 34.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,500 shares of the company’s stock valued at $950,000 after buying an additional 12,118 shares during the last quarter. Squarepoint Ops LLC grew its position in shares of EverQuote by 47.2% in the 4th quarter. Squarepoint Ops LLC now owns 371,595 shares of the company’s stock valued at $7,428,000 after buying an additional 119,189 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of EverQuote by 59.7% in the 4th quarter. Two Sigma Advisers LP now owns 52,700 shares of the company’s stock valued at $1,053,000 after buying an additional 19,700 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EVER has been the topic of a number of research reports. 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 report on Friday, January 10th. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a report on Thursday, December 26th. Finally, B. Riley reduced their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, EverQuote presently has a consensus rating of “Buy” and a consensus target price 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.