EverQuote, Inc. (NASDAQ:EVER) CTO Sells $254,449.60 in Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 14,590 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $17.44, for a total transaction of $254,449.60. Following the transaction, the chief technology officer now owns 137,291 shares of the company’s stock, valued at approximately $2,394,355.04. This trade represents a 9.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 transaction 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 transaction of $33,181.02.

EverQuote Stock Performance

Shares of NASDAQ:EVER traded up $0.41 during mid-day trading on Thursday, hitting $17.21. The stock had a trading volume of 377,050 shares, compared to its average volume of 471,955. The company’s 50 day moving average is $18.71 and its 200-day moving average is $20.97. EverQuote, Inc. has a 12-month low of $10.21 and a 12-month high of $28.09. The company has a market cap of $608.39 million, a PE ratio of 50.62 and a beta of 0.96.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on EVER. B. Riley reduced their price objective on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. decreased their price target on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $31.60.

Institutional Investors Weigh In On EverQuote

A number of institutional investors have recently bought and sold shares of EVER. Gladius Capital Management LP acquired a new position in shares of EverQuote in the 3rd quarter valued at about $26,000. Quarry LP grew its position in EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after purchasing an additional 985 shares in the last quarter. nVerses Capital LLC acquired a new position in EverQuote in the 2nd quarter valued at approximately $35,000. CWM LLC lifted its position in EverQuote by 133.2% in the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after buying an additional 1,063 shares in the last quarter. Finally, 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 worth $74,000 after buying an additional 1,874 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.