EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard Sells 1,641 Shares

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 1,641 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total transaction of $33,181.02. Following the completion of the sale, the chief technology officer now directly owns 155,491 shares in the company, valued at approximately $3,144,028.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, August 21st, David Brainard sold 3,164 shares of EverQuote stock. The stock was sold at an average price of $22.02, for a total transaction of $69,671.28.
• On Monday, August 19th, David Brainard sold 661 shares of EverQuote stock. The shares were sold at an average price of $21.99, for a total value of $14,535.39.
• On Friday, August 16th, David Brainard sold 914 shares of EverQuote stock. The shares were sold at an average price of $22.62, for a total value of $20,674.68.

EverQuote Trading Up 2.2 %

Shares of NASDAQ EVER opened at $20.76 on Friday. The stock has a fifty day moving average price of $22.57 and a 200 day moving average price of $21.73. EverQuote, Inc. has a 12-month low of $6.64 and a 12-month high of $28.09. The company has a market cap of $720.89 million, a P/E ratio of -14.72 and a beta of 1.04.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.14. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. The firm had revenue of $117.14 million for the quarter, compared to analysts’ expectations of $102.81 million. During the same period last year, the business posted ($0.31) earnings per share. The firm’s revenue for the quarter was up 72.3% on a year-over-year basis. On average, sell-side analysts forecast that EverQuote, Inc. will post 0.57 EPS for the current fiscal year.

Hedge Funds Weigh In On EverQuote

A number of institutional investors and hedge funds have recently bought and sold shares of EVER. Quarry LP lifted its holdings in EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after acquiring an additional 985 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of EverQuote in the second quarter valued at $35,000. CWM LLC boosted its holdings in shares of EverQuote by 133.2% during the second quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after purchasing an additional 1,063 shares during the period. Meeder Asset Management Inc. purchased a new stake in EverQuote in the 2nd quarter worth approximately $76,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in EverQuote in the second quarter valued at about $147,000. Institutional investors own 91.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EVER. Craig Hallum boosted their price objective on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Needham & Company LLC boosted their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of EverQuote from $29.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $29.58.

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.