EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard Sells 29,248 Shares

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 29,248 shares of EverQuote stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $19.93, for a total transaction of $582,912.64. Following the completion of the sale, the chief technology officer now directly owns 116,212 shares in the company, valued at $2,316,105.16. This trade represents a 20.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, December 17th, David Brainard sold 14,590 shares of EverQuote stock. The stock was 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 value of $16,726.08.
• On Wednesday, October 2nd, David Brainard sold 1,641 shares of EverQuote stock. The stock was sold at an average price of $20.22, for a total value of $33,181.02.

EverQuote Trading Up 0.1 %

Shares of NASDAQ:EVER opened at $19.69 on Tuesday. The company has a 50 day moving average of $18.53 and a 200 day moving average of $20.77. The stock has a market cap of $696.06 million, a P/E ratio of 57.91 and a beta of 0.96. EverQuote, Inc. has a 12 month low of $10.21 and a 12 month high of $28.09.

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

Analyst Ratings Changes

EVER has been the topic of several research reports. Raymond James raised 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 report on Thursday, December 26th. B. Riley lowered their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. dropped their target price on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, EverQuote presently has a consensus rating of “Buy” and an average target price of $32.17.

Hedge Funds Weigh In On EverQuote

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC lifted its holdings in shares of 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. Quarry LP lifted its stake in EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 985 shares during the last quarter. Gladius Capital Management LP purchased a new position in shares of EverQuote in the 3rd quarter worth about $26,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of EverQuote by 19.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock valued at $177,000 after purchasing an additional 1,363 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock valued at $74,000 after buying an additional 1,874 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.