EverQuote (NASDAQ:EVER) CTO Sells $29,037.59 in Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 1,097 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $26.47, for a total value of $29,037.59. Following the transaction, the chief technology officer owned 163,030 shares in the company, valued at $4,315,404.10. This trade represents a 0.67% 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 the SEC website.

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

• On Monday, July 6th, David Brainard sold 4,960 shares of EverQuote stock. The stock was sold at an average price of $25.51, for a total transaction of $126,529.60.

EverQuote Price Performance

Shares of NASDAQ:EVER traded down $1.26 during trading on Thursday, reaching $24.82. 702,475 shares of the company’s stock traded hands, compared to its average volume of 844,272. EverQuote, Inc. has a 12 month low of $13.88 and a 12 month high of $28.73. The company has a 50 day moving average of $24.64 and a 200-day moving average of $19.71. The stock has a market capitalization of $894.26 million, a P/E ratio of 8.06 and a beta of 0.62.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The company had revenue of $195.09 million during the quarter, compared to the consensus estimate of $191.06 million. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.EverQuote’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. Equities research analysts predict that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EVER has been the topic of a number of recent research reports. Raymond James Financial reiterated an “outperform” rating and issued a $28.00 target price on shares of EverQuote in a research note on Thursday, August 13th. JPMorgan Chase & Co. started coverage on shares of EverQuote in a research report on Monday. They set an “overweight” rating and a $29.00 price target for the company. B. Riley Financial reiterated a “buy” rating and issued a $34.00 price objective (up from $30.00) on shares of EverQuote in a research report on Tuesday, August 4th. Wall Street Zen downgraded shares of EverQuote from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of EverQuote in a research note on Wednesday, August 12th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.17.

Institutional Trading of EverQuote

Several hedge funds have recently added to or reduced their stakes in EVER. Vanguard Group Inc. boosted its position in EverQuote by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 2,221,494 shares of the company’s stock worth $59,980,000 after acquiring an additional 20,156 shares during the period. Renaissance Technologies LLC increased its holdings in shares of EverQuote by 28.9% during the first quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock valued at $14,517,000 after purchasing an additional 211,360 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of EverQuote by 47.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock valued at $13,412,000 after purchasing an additional 293,160 shares during the period. Lazard Asset Management LLC raised its stake in shares of EverQuote by 81.7% during the fourth quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock valued at $24,333,000 after purchasing an additional 405,237 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in shares of EverQuote by 27.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 875,702 shares of the company’s stock valued at $23,644,000 after purchasing an additional 188,335 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

EverQuote Company Profile

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.