EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard Sells 2,043 Shares

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 2,043 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $20.96, for a total transaction of $42,821.28. Following the completion of the sale, the chief technology officer now owns 169,956 shares of the company’s stock, valued at approximately $3,562,277.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, May 21st, David Brainard sold 4,327 shares of EverQuote stock. The shares were sold at an average price of $24.95, for a total transaction of $107,958.65.
• On Friday, May 17th, David Brainard sold 914 shares of EverQuote stock. The shares were sold at an average price of $24.54, for a total transaction of $22,429.56.

EverQuote Stock Down 0.6 %

Shares of NASDAQ EVER traded down $0.12 during trading on Wednesday, hitting $21.47. 207,975 shares of the company traded hands, compared to its average volume of 428,333. EverQuote, Inc. has a 1 year low of $5.36 and a 1 year high of $25.69. The company has a 50-day moving average price of $21.90 and a 200-day moving average price of $17.57. The firm has a market capitalization of $745.44 million, a P/E ratio of -15.23 and a beta of 0.96.

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

Analyst Ratings Changes

EVER has been the subject of several research reports. B. Riley lifted their price objective on EverQuote from $24.00 to $29.50 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Needham & Company LLC lifted their target price on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Canaccord Genuity Group lifted their target price on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Finally, Craig Hallum lifted their target price on shares of EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $26.25.

Hedge Funds Weigh In On EverQuote

A number of institutional investors have recently added to or reduced their stakes in EVER. Envestnet Asset Management Inc. lifted its holdings in EverQuote by 193.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock worth $5,183,000 after buying an additional 472,821 shares in the last quarter. Earnest Partners LLC grew its position in shares of EverQuote by 44.2% during the 3rd quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock valued at $13,980,000 after buying an additional 592,262 shares during the last quarter. FNY Investment Advisers LLC bought a new position in EverQuote in the 4th quarter worth about $40,000. Asset Management One Co. Ltd. bought a new position in EverQuote in the 4th quarter worth about $66,000. Finally, NewEdge Wealth LLC bought a new position in EverQuote in the 4th quarter worth about $264,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

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.