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

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 14,590 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $17.44, for a total value of $254,449.60. Following the completion of the transaction, the chief technology officer now directly owns 137,291 shares of the company’s stock, valued at approximately $2,394,355.04. This trade represents a 9.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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.
• 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 Up 2.4 %

NASDAQ EVER opened at $17.21 on Friday. The business’s fifty day simple moving average is $18.66 and its 200-day simple moving average is $20.94. The firm has a market cap of $608.39 million, a PE ratio of 50.62 and a beta of 0.96. EverQuote, Inc. has a 52 week low of $10.21 and a 52 week high of $28.09.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. The company had revenue of $144.53 million during the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm’s quarterly revenue was up 162.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.40) earnings per share. Research analysts expect that EverQuote, Inc. will post 0.72 EPS for the current year.

Analyst Upgrades and Downgrades

EVER has been the topic of several recent analyst reports. B. Riley lowered their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. reduced their price target on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $31.60.

Institutional Trading of EverQuote

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gladius Capital Management LP purchased a new position in shares of EverQuote in the third quarter valued at approximately $26,000. Quarry LP boosted its position in EverQuote by 215.5% in the 2nd 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 purchased a new position in EverQuote in the 2nd quarter valued at approximately $35,000. CWM LLC grew its stake in shares of EverQuote by 133.2% in the second quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after acquiring an additional 1,063 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in shares of EverQuote by 115.1% during the third 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 period. Hedge funds and other 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.