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

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 3,675 shares of EverQuote stock in a transaction on Monday, January 6th. The stock was sold at an average price of $19.52, for a total transaction of $71,736.00. Following the sale, the chief technology officer now directly owns 108,244 shares in the company, valued at $2,112,922.88. This trade represents a 3.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 value 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 stock was sold at an average price of $18.34, for a total value of $16,726.08.

EverQuote Price Performance

EVER stock opened at $18.93 on Thursday. The firm has a fifty day moving average price of $18.76 and a two-hundred day moving average price of $20.79. EverQuote, Inc. has a 1-year low of $10.21 and a 1-year high of $28.09. The firm has a market cap of $669.18 million, a price-to-earnings ratio of 55.68 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share 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 business had revenue of $144.53 million during the quarter, compared to the consensus estimate of $140.30 million. During the same quarter in the prior year, the firm earned ($0.40) EPS. The company’s revenue for the quarter was up 162.7% compared to the same quarter last year. As a group, analysts expect that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Institutional Trading of EverQuote

Several hedge funds have recently made changes to their positions in EVER. Gladius Capital Management LP acquired a new stake in EverQuote in the third quarter worth $26,000. Quarry LP grew its position in shares of EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after acquiring an additional 985 shares during the last quarter. nVerses Capital LLC increased its holdings in shares of EverQuote by 41.2% in 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 period. Quantbot Technologies LP lifted its position in EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock valued at $74,000 after purchasing an additional 1,874 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in EverQuote during the 2nd quarter valued at about $76,000. Institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

EVER has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. B. Riley dropped their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, 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. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $32.17.

About EverQuote

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.