EverQuote (NASDAQ:EVER) CTO David Brainard Sells 581 Shares

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 581 shares of EverQuote stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $19.90, for a total transaction of $11,561.90. Following the completion of the sale, the chief technology officer owned 178,187 shares in the company, valued at $3,545,921.30. This trade represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, May 5th, David Brainard sold 9,942 shares of EverQuote stock. The stock was sold at an average price of $19.42, for a total transaction of $193,073.64.

EverQuote Stock Performance

EVER traded down $0.35 during trading on Thursday, reaching $18.89. 589,429 shares of the stock were exchanged, compared to its average volume of 928,291. The stock has a market cap of $680.61 million, a P/E ratio of 6.43 and a beta of 0.56. EverQuote, Inc. has a twelve month low of $13.88 and a twelve month high of $28.73. The stock’s 50 day moving average price is $16.93 and its two-hundred day moving average price is $20.59.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, May 4th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. The business had revenue of $190.85 million for the quarter, compared to the consensus estimate of $180.10 million. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 earnings per share. Equities research analysts predict that EverQuote, Inc. will post 2.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EverQuote

Institutional investors and hedge funds have recently modified their holdings of the business. Comerica Bank grew its stake in shares of EverQuote by 235.4% in the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after acquiring an additional 772 shares in the last quarter. Signature Equity Partners LLC grew its stake in shares of EverQuote by 65.5% in the first quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock valued at $33,000 after acquiring an additional 842 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of EverQuote in the third quarter valued at about $52,000. Clearstead Advisors LLC grew its stake in shares of EverQuote by 70.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock valued at $54,000 after acquiring an additional 826 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of EverQuote by 595.8% in the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock valued at $62,000 after acquiring an additional 2,246 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on EVER. Raymond James Financial reiterated an “outperform” rating and issued a $18.00 price objective on shares of EverQuote in a report on Tuesday, February 17th. Craig Hallum reiterated a “buy” rating and issued a $20.00 price objective on shares of EverQuote in a report on Tuesday, February 24th. JPMorgan Chase & Co. upped their price objective on shares of EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Finally, Canaccord Genuity Group decreased their price objective on shares of EverQuote from $33.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, EverQuote currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.17.

About EverQuote

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.