EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard Sells 14,590 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 14,590 shares of EverQuote stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $17.44, for a total transaction of $254,449.60. Following the completion of the transaction, the chief technology officer now owns 137,291 shares in the company, valued at approximately $2,394,355.04. This represents a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, November 18th, David Brainard sold 912 shares of EverQuote stock. The stock was sold at an average price of $18.34, for a total value of $16,726.08.
• On Wednesday, October 2nd, David Brainard sold 1,641 shares of EverQuote stock. The shares were sold at an average price of $20.22, for a total value of $33,181.02.

EverQuote Stock Performance

NASDAQ:EVER opened at $17.51 on Friday. EverQuote, Inc. has a 1 year low of $10.21 and a 1 year high of $28.09. The stock has a fifty day moving average price of $18.61 and a two-hundred day moving average price of $20.91. The stock has a market capitalization of $619.00 million, a price-to-earnings ratio of 51.50 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last announced its quarterly 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 business had revenue of $144.53 million during the quarter, compared to the consensus estimate of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business’s revenue was up 162.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.40) EPS. On average, analysts predict that EverQuote, Inc. will post 0.72 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EVER. B. Riley dropped their target price on 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. dropped their price objective on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, EverQuote has a consensus rating of “Buy” and an average price target of $31.60.

Institutional Investors Weigh In On EverQuote

Hedge funds and other institutional investors have recently modified their holdings of the stock. Gladius Capital Management LP purchased a new position in EverQuote in the 3rd quarter valued at approximately $26,000. Quarry LP grew its holdings in EverQuote by 215.5% in the second quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after purchasing an additional 985 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of EverQuote in the second quarter valued at $35,000. CWM LLC raised its stake in shares of EverQuote by 133.2% during the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after buying an additional 1,063 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in shares of EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after buying an additional 1,874 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.