EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard Sells 2,238 Shares

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 2,238 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $26.14, for a total value of $58,501.32. Following the completion of the sale, the chief technology officer now directly owns 153,336 shares in the company, valued at $4,008,203.04. This represents a 1.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, February 20th, David Brainard sold 6,609 shares of EverQuote stock. The stock was sold at an average price of $21.49, for a total value of $142,027.41.
• On Monday, January 6th, David Brainard sold 3,675 shares of EverQuote stock. The shares were sold at an average price of $19.52, for a total transaction of $71,736.00.
• 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 stock was sold at an average price of $17.44, for a total transaction of $254,449.60.

EverQuote Trading Up 0.2 %

NASDAQ:EVER opened at $25.78 on Friday. The business’s fifty day moving average price is $20.25 and its 200 day moving average price is $20.17. The firm has a market capitalization of $911.35 million, a price-to-earnings ratio of 75.82 and a beta of 0.96. EverQuote, Inc. has a 1-year low of $14.28 and a 1-year high of $28.09.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.18. The company had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. Equities analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

EVER has been the topic of several research reports. B. Riley dropped their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Canaccord Genuity Group reduced their target price on EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a report on Monday. JPMorgan Chase & Co. lifted their price target on EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday. Needham & Company LLC upped their price objective on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday. 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 report on Thursday, December 26th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, EverQuote has an average rating of “Buy” and an average target price of $32.33.

Institutional Investors Weigh In On EverQuote

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVER. Gladius Capital Management LP acquired a new position in shares of EverQuote in the third quarter worth $26,000. R Squared Ltd purchased a new position in EverQuote in the fourth quarter valued at about $34,000. Quarry LP increased its position in EverQuote by 100.7% in the 3rd quarter. Quarry LP now owns 2,894 shares of the company’s stock worth $61,000 after purchasing an additional 1,452 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of 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 purchasing an additional 1,874 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock valued at $90,000 after buying an additional 2,042 shares during the last quarter. 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.