EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard Sells 3,675 Shares

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 3,675 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $19.52, for a total transaction of $71,736.00. Following the sale, the chief technology officer now directly owns 108,244 shares in the company, valued at approximately $2,112,922.88. This represents a 3.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, December 26th, David Brainard sold 29,248 shares of EverQuote stock. The shares were sold at an average price of $19.93, for a total transaction of $582,912.64.
• On Tuesday, December 17th, David Brainard sold 14,590 shares of EverQuote stock. The stock was sold at an average price of $17.44, for a total transaction of $254,449.60.
• On Monday, November 18th, David Brainard sold 912 shares of EverQuote stock. The shares were sold at an average price of $18.34, for a total value of $16,726.08.

EverQuote Price Performance

Shares of EverQuote stock traded down $0.26 during trading on Tuesday, hitting $19.18. 342,655 shares of the company were exchanged, compared to its average volume of 357,612. The firm has a market capitalization of $678.03 million, a P/E ratio of 56.41 and a beta of 0.96. The firm’s fifty day moving average price is $18.74 and its 200 day moving average price is $20.80. EverQuote, Inc. has a 1-year low of $10.21 and a 1-year high of $28.09.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data 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 firm had revenue of $144.53 million during the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business’s revenue for the quarter was up 162.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.40) earnings per share. As a group, equities research analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EVER has been the topic of several research reports. JPMorgan Chase & Co. cut 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. 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 note on Thursday, December 26th. Finally, B. Riley lowered their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $32.17.

Institutional Trading of EverQuote

Large investors have recently made changes to their positions in the company. Gladius Capital Management LP bought a new stake in shares of EverQuote in the third quarter worth about $26,000. Quarry LP boosted its holdings in shares of 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 buying an additional 985 shares during the period. nVerses Capital LLC increased its holdings in EverQuote by 41.2% during the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $51,000 after purchasing an additional 700 shares in the last quarter. Quantbot Technologies LP boosted its position in EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after acquiring an additional 1,874 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in EverQuote in the second quarter valued at $76,000. Institutional investors own 91.54% of the company’s stock.

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.