EverQuote, Inc. (NASDAQ:EVER) CTO Sells $107,958.65 in Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 4,327 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $24.95, for a total value of $107,958.65. Following the completion of the sale, the chief technology officer now directly owns 175,142 shares in the company, valued at $4,369,792.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, May 17th, David Brainard sold 914 shares of EverQuote stock. The stock was sold at an average price of $24.54, for a total value of $22,429.56.
• On Friday, March 15th, David Brainard sold 14,227 shares of EverQuote stock. The stock was sold at an average price of $17.82, for a total value of $253,525.14.

EverQuote Price Performance

Shares of NASDAQ:EVER opened at $24.06 on Friday. The company has a market cap of $835.48 million, a P/E ratio of -17.06 and a beta of 0.85. EverQuote, Inc. has a 1 year low of $5.36 and a 1 year high of $25.69. The stock’s fifty day moving average price is $20.44 and its 200-day moving average price is $15.27.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. EverQuote had a negative return on equity of 31.65% and a negative net margin of 17.37%. The firm had revenue of $91.07 million for the quarter, compared to the consensus estimate of $80.36 million. During the same period in the prior year, the company posted ($0.08) earnings per share. The company’s quarterly revenue was down 16.6% on a year-over-year basis. On average, sell-side analysts anticipate that EverQuote, Inc. will post 0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC lifted its holdings in EverQuote by 21.3% in the third quarter. Acadian Asset Management LLC now owns 220,251 shares of the company’s stock valued at $1,592,000 after acquiring an additional 38,663 shares during the period. Earnest Partners LLC lifted its holdings in EverQuote by 44.2% in the third quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock valued at $13,980,000 after acquiring an additional 592,262 shares during the period. First Eagle Investment Management LLC lifted its holdings in EverQuote by 9.0% in the third quarter. First Eagle Investment Management LLC now owns 554,504 shares of the company’s stock valued at $4,009,000 after acquiring an additional 45,813 shares during the period. Raymond James & Associates lifted its holdings in EverQuote by 69.3% in the third quarter. Raymond James & Associates now owns 44,704 shares of the company’s stock valued at $323,000 after acquiring an additional 18,295 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in EverQuote by 193.7% in the third quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock valued at $5,183,000 after acquiring an additional 472,821 shares during the period. Institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

EVER has been the topic of several analyst reports. Canaccord Genuity Group boosted their target price on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. B. Riley boosted their target price on EverQuote from $24.00 to $29.50 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Needham & Company LLC boosted their target price on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Craig Hallum boosted their target price on EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. upped their price target on EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, EverQuote has a consensus rating of “Buy” and a consensus target price of $26.25.

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.