EverQuote (NASDAQ:EVER) CTO Sells $126,529.60 in Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 4,960 shares of EverQuote stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $25.51, for a total transaction of $126,529.60. Following the completion of the transaction, the chief technology officer directly owned 165,336 shares in the company, valued at approximately $4,217,721.36. The trade was a 2.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, May 26th, David Brainard sold 516 shares of EverQuote stock. The shares were sold at an average price of $18.69, for a total transaction of $9,644.04.
• On Wednesday, May 27th, David Brainard sold 581 shares of EverQuote stock. The stock was sold at an average price of $19.90, for a total transaction of $11,561.90.
• On Tuesday, May 5th, David Brainard sold 9,942 shares of EverQuote stock. The stock was sold at an average price of $19.42, for a total value of $193,073.64.

EverQuote Trading Down 1.9%

Shares of EVER traded down $0.47 during midday trading on Wednesday, hitting $24.80. 774,046 shares of the company’s stock traded hands, compared to its average volume of 892,690. EverQuote, Inc. has a 1 year low of $13.88 and a 1 year high of $28.73. The firm’s fifty day moving average is $20.08 and its 200-day moving average is $19.55. The stock has a market capitalization of $893.54 million, a price-to-earnings ratio of 8.44 and a beta of 0.61.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, May 4th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.08. EverQuote had a return on equity of 53.39% and a net margin of 15.35%.The firm had revenue of $190.85 million for the quarter, compared to the consensus estimate of $180.10 million. During the same period in the previous year, the business earned $0.21 EPS. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, equities research analysts anticipate that EverQuote, Inc. will post 1.72 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on EVER. JPMorgan Chase & Co. increased their price objective on shares of EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Wall Street Zen lowered shares of EverQuote from a “buy” rating to a “hold” rating in a research note on Saturday. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of EverQuote in a report on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.17.

Institutional Trading of EverQuote

Hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in EverQuote by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock valued at $393,000 after purchasing an additional 624 shares during the period. Cetera Investment Advisers raised its stake in shares of EverQuote by 4.3% during the 2nd quarter. Cetera Investment Advisers now owns 16,204 shares of the company’s stock valued at $392,000 after buying an additional 675 shares during the last quarter. Comerica Bank boosted its stake in shares of EverQuote by 235.4% in the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after buying an additional 772 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of EverQuote by 3.3% in the third quarter. Legal & General Group Plc now owns 24,301 shares of the company’s stock worth $556,000 after buying an additional 776 shares during the last quarter. Finally, Zacks Investment Management grew its holdings in EverQuote by 1.2% during the fourth quarter. Zacks Investment Management now owns 66,281 shares of the company’s stock worth $1,790,000 after acquiring an additional 782 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

EverQuote Company Profile

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.