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

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 3,675 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $19.52, for a total transaction of $71,736.00. Following the completion of the transaction, the chief technology officer now owns 108,244 shares of the company’s stock, valued at approximately $2,112,922.88. This trade represents a 3.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Thursday, December 26th, David Brainard sold 29,248 shares of EverQuote stock. The shares were 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 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.

EverQuote Stock Performance

NASDAQ EVER opened at $18.93 on Friday. The business has a fifty day moving average price of $18.78 and a 200 day moving average price of $20.77. The company has a market cap of $669.18 million, a P/E ratio of 55.68 and a beta of 0.96. EverQuote, Inc. has a one year low of $10.21 and a one year high of $28.09.

EverQuote (NASDAQ:EVER) last issued its 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. The business had revenue of $144.53 million during the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The company’s quarterly revenue was up 162.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.40) earnings per share. As a group, sell-side analysts predict that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EVER. Driehaus Capital Management LLC increased its holdings in shares of EverQuote by 9.1% in the second quarter. Driehaus Capital Management LLC now owns 2,036,361 shares of the company’s stock valued at $42,478,000 after purchasing an additional 169,333 shares during the last quarter. Emerald Advisers LLC increased its stake in shares of EverQuote by 165.8% in the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after acquiring an additional 399,257 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of EverQuote by 10.4% during the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock worth $12,554,000 after acquiring an additional 56,114 shares during the period. Acadian Asset Management LLC boosted its position in shares of EverQuote by 62.6% during the 2nd quarter. Acadian Asset Management LLC now owns 517,331 shares of the company’s stock valued at $10,786,000 after acquiring an additional 199,187 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in shares of EverQuote by 572.1% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock valued at $10,631,000 after purchasing an additional 429,084 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. 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 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 target price for the company in a research note on Thursday, December 26th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $32.17.

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.