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

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 14,590 shares of EverQuote stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $17.44, for a total value of $254,449.60. Following the sale, the chief technology officer now directly owns 137,291 shares of the company’s stock, valued at $2,394,355.04. This trade represents a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 transaction of $33,181.02.

EverQuote Trading Up 2.4 %

Shares of NASDAQ EVER opened at $17.21 on Friday. The company’s 50-day moving average price is $18.66 and its 200 day moving average price is $20.94. EverQuote, Inc. has a 52 week low of $10.21 and a 52 week high of $28.09. The stock has a market cap of $608.39 million, a price-to-earnings ratio of 50.62 and a beta of 0.96.

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

Institutional Trading of EverQuote

A number of hedge funds have recently bought and sold shares of EVER. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of EverQuote by 636.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock valued at $2,209,000 after purchasing an additional 90,500 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in EverQuote by 255.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock valued at $5,072,000 after purchasing an additional 172,785 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of EverQuote in the 2nd quarter worth $782,000. Emerald Advisers LLC raised its holdings in shares of EverQuote by 165.8% in the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after purchasing an additional 399,257 shares during the period. Finally, Inspire Investing LLC acquired a new position in EverQuote during the second quarter valued at approximately $842,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. B. Riley cut 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. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $31.60.

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.