EverQuote (NASDAQ:EVER) CTO David Brainard Sells 2,334 Shares of Company Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 2,334 shares of the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $19.48, for a total value of $45,466.32. Following the sale, the chief technology officer directly owned 152,804 shares in the company, valued at approximately $2,976,621.92. This trade represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Thursday, October 8th, David Brainard sold 2,626 shares of EverQuote stock. The stock was sold at an average price of $19.90, for a total value of $52,257.40.
• On Tuesday, August 25th, David Brainard sold 1,097 shares of EverQuote stock. The shares were sold at an average price of $26.47, for a total value of $29,037.59.

EverQuote Stock Up 7.0%

EVER opened at $20.74 on Friday. The stock has a market capitalization of $747.26 million, a price-to-earnings ratio of 6.73 and a beta of 0.68. EverQuote, Inc. has a twelve month low of $13.88 and a twelve month high of $28.73. The company has a 50-day simple moving average of $23.22 and a 200 day simple moving average of $21.10.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. The firm had revenue of $195.09 million for the quarter, compared to analyst estimates of $191.06 million. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. Sell-side analysts anticipate that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EVER shares. B. Riley Financial reissued a “buy” rating and issued a $34.00 price objective (up from $30.00) on shares of EverQuote in a research note on Tuesday, August 4th. Zacks Research upgraded EverQuote from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. JPMorgan Chase & Co. initiated coverage on EverQuote in a research note on Monday, August 24th. They issued an “overweight” rating and a $29.00 price target on the stock. Raymond James Financial reissued an “outperform” rating and set a $28.00 price target on shares of EverQuote in a report on Thursday, August 13th. Finally, Wall Street Zen downgraded EverQuote from a “buy” rating to a “hold” rating in a research report on Sunday, September 20th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.17.

Hedge Funds Weigh In On EverQuote

Institutional investors have recently added to or reduced their stakes in the stock. Signature Equity Partners LLC lifted its stake in EverQuote by 65.5% in the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock valued at $33,000 after purchasing an additional 842 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in EverQuote in the second quarter valued at approximately $55,000. Allworth Financial LP grew its stake in shares of EverQuote by 63.7% during the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $61,000 after buying an additional 997 shares during the last quarter. IFP Advisors Inc grew its stake in shares of EverQuote by 100.1% during the second quarter. IFP Advisors Inc now owns 3,219 shares of the company’s stock worth $77,000 after buying an additional 1,610 shares during the last quarter. Finally, Sigma Planning Corp increased its holdings in shares of EverQuote by 11.9% during the first quarter. Sigma Planning Corp now owns 10,560 shares of the company’s stock worth $163,000 after buying an additional 1,125 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

About EverQuote

EverQuote, Inc operates an online marketplace that helps consumers compare insurance options and connect with insurance providers. Its platform uses data, digital marketing and technology to match consumers seeking coverage with insurers and other insurance-related providers.

The company has primarily focused on auto insurance, while also supporting shopping and customer acquisition activities for additional property and casualty insurance products, including home and renters coverage.