EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard Sells 29,248 Shares

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 29,248 shares of EverQuote stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $19.93, for a total value of $582,912.64. Following the transaction, the chief technology officer now directly owns 116,212 shares of the company’s stock, valued at $2,316,105.16. The trade was a 20.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 transaction 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 Trading Up 0.1 %

EVER traded up $0.01 during midday trading on Monday, hitting $19.69. The company’s stock had a trading volume of 463,675 shares, compared to its average volume of 473,957. The firm has a market cap of $696.06 million, a P/E ratio of 57.91 and a beta of 0.96. EverQuote, Inc. has a 52-week low of $10.21 and a 52-week high of $28.09. The firm has a 50-day moving average price of $18.53 and a two-hundred day moving average price of $20.77.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, November 4th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The company had revenue of $144.53 million for 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%. EverQuote’s revenue was up 162.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.40) EPS. On average, equities analysts expect that EverQuote, Inc. will post 0.72 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EVER. Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a report on Thursday. B. Riley decreased their target price on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $32.17.

Institutional Trading of EverQuote

Several large investors have recently modified their holdings of EVER. Driehaus Capital Management LLC raised its position in shares of EverQuote by 9.1% during the second quarter. Driehaus Capital Management LLC now owns 2,036,361 shares of the company’s stock worth $42,478,000 after acquiring an additional 169,333 shares during the last quarter. Emerald Advisers LLC increased its holdings in EverQuote by 165.8% during the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after buying an additional 399,257 shares during the last quarter. Geode Capital Management LLC lifted its holdings in EverQuote by 10.4% during the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock valued at $12,554,000 after purchasing an additional 56,114 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of EverQuote by 62.6% in the second quarter. Acadian Asset Management LLC now owns 517,331 shares of the company’s stock valued at $10,786,000 after acquiring an additional 199,187 shares during the period. Finally, Emerald Mutual Fund Advisers Trust raised its position in shares of EverQuote by 572.1% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock valued at $10,631,000 after buying an additional 429,084 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

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.