EverQuote (NASDAQ:EVER) CTO Sells $11,561.90 in Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 581 shares of the stock in a transaction on Wednesday, May 27th. The stock was 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. The trade was a 0.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, May 26th, David Brainard sold 516 shares of EverQuote stock. The stock was sold at an average price of $18.69, for a total transaction of $9,644.04.
• On Tuesday, May 5th, David Brainard sold 9,942 shares of EverQuote stock. The shares were sold at an average price of $19.42, for a total transaction of $193,073.64.

EverQuote Stock Performance

EVER stock opened at $19.24 on Friday. The firm has a market cap of $693.22 million, a PE ratio of 6.54 and a beta of 0.56. The firm’s fifty day moving average is $17.05 and its 200 day moving average is $20.53. EverQuote, Inc. has a one year low of $13.88 and a one year high of $28.73.

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

Analyst Upgrades and Downgrades

EVER has been the topic of several analyst reports. Canaccord Genuity Group dropped their price target on shares of EverQuote from $33.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Wall Street Zen upgraded shares of EverQuote from a “hold” rating to a “buy” rating in a research report on Sunday. Weiss Ratings upgraded shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Zacks Research lowered shares of EverQuote from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $18.00 target price on shares of EverQuote in a research report on Tuesday, February 17th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.17.

Institutional Trading of EverQuote

Institutional investors have recently modified their holdings of the stock. Comerica Bank grew its position 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 purchasing an additional 772 shares during the period. Signature Equity Partners LLC grew its position 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 purchasing an additional 842 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of EverQuote in the third quarter valued at about $52,000. Clearstead Advisors LLC lifted 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 worth $54,000 after buying an additional 826 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted 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 worth $62,000 after buying an additional 2,246 shares in the last quarter. Institutional investors and hedge funds 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.