Insider Selling: EverQuote, Inc. (NASDAQ:EVER) CTO Sells 2,238 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 2,238 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $26.14, for a total transaction of $58,501.32. Following the sale, the chief technology officer now directly owns 153,336 shares in the company, valued at approximately $4,008,203.04. The trade was a 1.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, February 20th, David Brainard sold 6,609 shares of EverQuote stock. The stock was sold at an average price of $21.49, for a total transaction of $142,027.41.
• On Monday, January 6th, David Brainard sold 3,675 shares of EverQuote stock. The stock was sold at an average price of $19.52, for a total transaction of $71,736.00.
• 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 transaction of $582,912.64.
• 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 transaction of $254,449.60.

EverQuote Stock Performance

EVER stock opened at $26.88 on Friday. The company’s fifty day moving average price is $20.44 and its 200-day moving average price is $20.21. EverQuote, Inc. has a one year low of $14.28 and a one year high of $28.09. The company has a market capitalization of $950.23 million, a PE ratio of 79.06 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.15 by $0.18. The business had revenue of $147.46 million for the quarter, compared to analysts’ expectations of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. On average, research analysts predict that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Institutional Investors Weigh In On EverQuote

Several large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of EverQuote by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,383 shares of the company’s stock worth $288,000 after purchasing an additional 608 shares during the last quarter. Corton Capital Inc. increased its holdings in shares of EverQuote by 3.4% in the fourth quarter. Corton Capital Inc. now owns 21,592 shares of the company’s stock worth $432,000 after purchasing an additional 714 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of EverQuote by 4.8% in the fourth quarter. Legal & General Group Plc now owns 21,985 shares of the company’s stock worth $439,000 after purchasing an additional 1,012 shares during the last quarter. Gladius Capital Management LP bought a new stake in shares of EverQuote in the third quarter worth about $26,000. Finally, Rhumbline Advisers increased its holdings in shares of EverQuote by 4.0% in the fourth quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock worth $698,000 after purchasing an additional 1,332 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on EVER. Canaccord Genuity Group decreased their price objective on EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. lifted their price target on shares of EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday. Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research note on Thursday, December 26th. B. Riley decreased their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Needham & Company LLC upped their target price on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $32.33.

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.