David Brainard Sells 3,675 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 3,675 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $19.52, for a total value of $71,736.00. Following the sale, the chief technology officer now directly owns 108,244 shares of the company’s stock, valued at $2,112,922.88. This represents a 3.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value 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 Trading Down 1.3 %

EVER stock traded down $0.26 during mid-day trading on Tuesday, reaching $19.18. The company’s stock had a trading volume of 342,655 shares, compared to its average volume of 357,612. EverQuote, Inc. has a 12 month low of $10.21 and a 12 month high of $28.09. The business’s 50 day moving average price is $18.74 and its 200 day moving average price is $20.80. The company has a market cap of $678.03 million, a price-to-earnings ratio of 56.41 and a beta of 0.96.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Gladius Capital Management LP bought a new stake in EverQuote during the 3rd quarter valued at $26,000. Quarry LP raised its position in EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after buying an additional 985 shares during the last quarter. nVerses Capital LLC boosted its holdings in EverQuote by 41.2% during the 3rd 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 last quarter. Quantbot Technologies LP grew its stake in shares of EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after acquiring an additional 1,874 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in EverQuote during the second quarter worth about $76,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. JPMorgan Chase & Co. lowered their price objective on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a research note on Thursday, December 26th. Finally, B. Riley lowered their target price on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average 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.