David Brainard Sells 6,609 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 6,609 shares of the company’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $23.54, for a total transaction of $155,575.86. Following the completion of the transaction, the chief technology officer now owns 142,665 shares of the company’s stock, valued at $3,358,334.10. This trade represents a 4.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, April 4th, David Brainard sold 4,113 shares of EverQuote stock. The stock was sold at an average price of $22.41, for a total transaction of $92,172.33.
• On Wednesday, February 26th, David Brainard sold 2,238 shares of EverQuote stock. The stock was sold at an average price of $26.14, for a total transaction of $58,501.32.

EverQuote Stock Down 0.3%

NASDAQ EVER opened at $22.59 on Friday. The company has a 50-day simple moving average of $24.04 and a two-hundred day simple moving average of $21.74. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03. The firm has a market cap of $807.01 million, a price-to-earnings ratio of 66.44 and a beta of 0.45.

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

Hedge Funds Weigh In On EverQuote

Several hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of EverQuote by 4.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,383 shares of the company’s stock valued at $288,000 after acquiring an additional 608 shares during the last quarter. Corton Capital Inc. raised its stake in shares of EverQuote by 3.4% during the fourth quarter. Corton Capital Inc. now owns 21,592 shares of the company’s stock valued at $432,000 after acquiring an additional 714 shares during the last quarter. Legal & General Group Plc raised its stake in shares of EverQuote by 4.8% during the fourth quarter. Legal & General Group Plc now owns 21,985 shares of the company’s stock valued at $439,000 after acquiring an additional 1,012 shares during the last quarter. Rhumbline Advisers raised its stake in shares of EverQuote by 4.0% during the fourth quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock valued at $698,000 after acquiring an additional 1,332 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in EverQuote by 2.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 55,600 shares of the company’s stock worth $1,111,000 after buying an additional 1,500 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 target price on shares of EverQuote in a research report on Tuesday, May 6th. Canaccord Genuity Group cut their price target on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of EverQuote from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday, May 6th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $32.50.

About EverQuote

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.