Insider Selling: EverQuote, Inc. (NASDAQ:EVER) CTO Sells $71,736.00 in Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 3,675 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $19.52, for a total value of $71,736.00. Following the sale, the chief technology officer now owns 108,244 shares of the company’s stock, valued at $2,112,922.88. This trade represents a 3.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, December 26th, David Brainard sold 29,248 shares of EverQuote stock. The stock was 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 shares were 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.

EverQuote Stock Down 1.3 %

Shares of NASDAQ:EVER opened at $18.93 on Friday. 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 $669.18 million, a price-to-earnings ratio of 55.68 and a beta of 0.96. The business has a 50-day moving average price of $18.78 and a 200-day moving average price of $20.77.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Gladius Capital Management LP acquired a new stake in EverQuote during the 3rd quarter worth about $26,000. Quarry LP grew its holdings in EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after acquiring an additional 985 shares during the period. nVerses Capital LLC grew its holdings in EverQuote by 41.2% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $51,000 after acquiring an additional 700 shares during the period. Quantbot Technologies LP raised its position in EverQuote by 115.1% during the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock valued at $74,000 after acquiring an additional 1,874 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in EverQuote in the second quarter valued at approximately $76,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

EVER has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. B. Riley dropped their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research note on Thursday, December 26th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $32.17.

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.