Insider Selling: EverQuote, Inc. (NASDAQ:EVER) CEO Sells $347,512.00 in Stock

EverQuote, Inc. (NASDAQ:EVER) CEO Jayme Mendal sold 14,360 shares of EverQuote stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $24.20, for a total value of $347,512.00. Following the completion of the transaction, the chief executive officer now owns 558,789 shares in the company, valued at approximately $13,522,693.80. This represents a 2.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Jayme Mendal also recently made the following trade(s):

• On Tuesday, May 20th, Jayme Mendal sold 14,360 shares of EverQuote stock. The shares were sold at an average price of $23.54, for a total value of $338,034.40.
• On Monday, April 21st, Jayme Mendal sold 14,360 shares of EverQuote stock. The stock was sold at an average price of $21.36, for a total value of $306,729.60.

EverQuote Price Performance

NASDAQ:EVER opened at $23.73 on Thursday. The firm has a market capitalization of $847.64 million, a P/E ratio of 23.26 and a beta of 0.33. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03. The company’s 50-day simple moving average is $23.99 and its 200 day simple moving average is $22.58.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EVER. JPMorgan Chase & Co. raised their target price on shares of EverQuote from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday, May 6th. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price target on shares of EverQuote in a report on Tuesday, May 6th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $32.50.

Institutional Investors Weigh In On EverQuote

Several institutional investors and hedge funds have recently made changes to their positions in EVER. Rhumbline Advisers lifted its holdings in shares of EverQuote by 4.0% during the 4th quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock valued at $698,000 after buying an additional 1,332 shares during the period. Ieq Capital LLC purchased a new stake in EverQuote during the fourth quarter valued at $341,000. Bank of New York Mellon Corp lifted its holdings in EverQuote by 12.0% in the fourth quarter. Bank of New York Mellon Corp now owns 69,348 shares of the company’s stock valued at $1,386,000 after acquiring an additional 7,412 shares during the period. Los Angeles Capital Management LLC lifted its holdings in EverQuote by 183.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 164,466 shares of the company’s stock valued at $3,288,000 after acquiring an additional 106,492 shares during the period. Finally, Versor Investments LP boosted its position in EverQuote by 36.1% in the fourth quarter. Versor Investments LP now owns 21,100 shares of the company’s stock worth $422,000 after purchasing an additional 5,600 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

EverQuote Company Profile

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.