EverQuote (NASDAQ:EVER) CTO David Brainard Sells 2,626 Shares of Company Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 2,626 shares of the stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $19.90, for a total value of $52,257.40. Following the transaction, the chief technology officer owned 150,178 shares of the company’s stock, valued at approximately $2,988,542.20. This represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, October 6th, David Brainard sold 2,334 shares of EverQuote stock. The stock was sold at an average price of $19.48, for a total value of $45,466.32.
• On Tuesday, August 25th, David Brainard sold 1,097 shares of EverQuote stock. The shares were sold at an average price of $26.47, for a total transaction of $29,037.59.

EverQuote Price Performance

NASDAQ EVER opened at $20.74 on Friday. The stock has a market capitalization of $747.26 million, a P/E ratio of 6.73 and a beta of 0.68. The firm’s 50-day moving average is $23.22 and its two-hundred day moving average is $21.10. EverQuote, Inc. has a 12 month low of $13.88 and a 12 month high of $28.73.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $195.09 million during the quarter, compared to analysts’ expectations of $191.06 million. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The business’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period last year, the business earned $0.39 earnings per share. As a group, analysts anticipate that EverQuote, Inc. will post 1.72 EPS for the current year.

Institutional Investors Weigh In On EverQuote

A number of hedge funds have recently added to or reduced their stakes in the business. Signature Equity Partners LLC increased its holdings in EverQuote by 65.5% during the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock worth $33,000 after purchasing an additional 842 shares during the period. Allworth Financial LP boosted its stake in shares of EverQuote by 63.7% in the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $61,000 after buying an additional 997 shares during the period. Sigma Planning Corp boosted its stake in shares of EverQuote by 11.9% in the 1st quarter. Sigma Planning Corp now owns 10,560 shares of the company’s stock valued at $163,000 after buying an additional 1,125 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of EverQuote by 4.4% during the second quarter. Concurrent Investment Advisors LLC now owns 28,299 shares of the company’s stock worth $673,000 after buying an additional 1,187 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its position in shares of EverQuote by 3.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 37,732 shares of the company’s stock worth $898,000 after buying an additional 1,278 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. JPMorgan Chase & Co. started coverage on EverQuote in a research report on Monday, August 24th. They issued an “overweight” rating and a $29.00 target price on the stock. Zacks Research raised EverQuote from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Needham & Company LLC boosted their price objective on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Weiss Ratings raised EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Finally, Wall Street Zen lowered EverQuote from a “buy” rating to a “hold” rating in a research note on Sunday, September 20th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.17.

About EverQuote

EverQuote, Inc operates an online marketplace that helps consumers compare insurance options and connect with insurance providers. Its platform uses data, digital marketing and technology to match consumers seeking coverage with insurers and other insurance-related providers.

The company has primarily focused on auto insurance, while also supporting shopping and customer acquisition activities for additional property and casualty insurance products, including home and renters coverage.