EverQuote, Inc. (NASDAQ:EVER) CTO Sells $16,726.08 in Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 912 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $18.34, for a total value of $16,726.08. Following the completion of the sale, the chief technology officer now directly owns 154,579 shares in the company, valued at approximately $2,834,978.86. The trade was a 0.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

David Brainard also recently made the following trade(s):

• On Wednesday, October 2nd, David Brainard sold 1,641 shares of EverQuote stock. The stock was sold at an average price of $20.22, for a total value of $33,181.02.

EverQuote Stock Performance

Shares of NASDAQ:EVER opened at $19.15 on Friday. EverQuote, Inc. has a one year low of $8.44 and a one year high of $28.09. The business’s 50-day simple moving average is $19.64 and its 200 day simple moving average is $21.69. The company has a market cap of $676.95 million, a P/E ratio of 56.32 and a beta of 1.06.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The company had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. EverQuote’s quarterly revenue was up 162.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.40) EPS. Analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Institutional Trading of EverQuote

A number of institutional investors and hedge funds have recently modified their holdings of EVER. Barclays PLC raised its stake in EverQuote by 331.2% during the third quarter. Barclays PLC now owns 50,983 shares of the company’s stock worth $1,076,000 after acquiring an additional 39,160 shares during the period. Geode Capital Management LLC raised its position in shares of EverQuote by 10.4% during the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock worth $12,554,000 after purchasing an additional 56,114 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of EverQuote in the 3rd quarter worth approximately $757,000. MML Investors Services LLC acquired a new position in EverQuote during the 3rd quarter valued at approximately $290,000. Finally, Zacks Investment Management lifted its stake in EverQuote by 249.8% in the third quarter. Zacks Investment Management now owns 52,067 shares of the company’s stock valued at $1,098,000 after buying an additional 37,182 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EVER. 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. JPMorgan Chase & Co. reduced their price target on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC lifted their price objective on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, Craig Hallum upped their price objective on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $28.50.

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.