EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard Sells 3,164 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 3,164 shares of EverQuote stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $22.02, for a total transaction of $69,671.28. Following the completion of the sale, the chief technology officer now owns 160,986 shares of the company’s stock, valued at approximately $3,544,911.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, August 19th, David Brainard sold 661 shares of EverQuote stock. The shares were sold at an average price of $21.99, for a total transaction of $14,535.39.
• On Friday, August 16th, David Brainard sold 914 shares of EverQuote stock. The shares were sold at an average price of $22.62, for a total transaction of $20,674.68.
• On Tuesday, July 2nd, David Brainard sold 2,043 shares of EverQuote stock. The shares were sold at an average price of $20.96, for a total transaction of $42,821.28.

EverQuote Price Performance

NASDAQ EVER opened at $20.56 on Friday. EverQuote, Inc. has a 1 year low of $5.52 and a 1 year high of $28.09. The firm has a market cap of $713.95 million, a price-to-earnings ratio of -14.58 and a beta of 0.96. The company has a fifty day moving average price of $22.46 and a 200-day moving average price of $20.43.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.14. EverQuote had a negative net margin of 17.37% and a negative return on equity of 31.65%. The firm had revenue of $117.14 million during the quarter, compared to analyst estimates of $102.81 million. During the same quarter in the prior year, the business posted ($0.31) EPS. The business’s revenue was up 72.3% compared to the same quarter last year. On average, research analysts anticipate that EverQuote, Inc. will post 0.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on EVER shares. Needham & Company LLC boosted their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price target on shares of EverQuote from $29.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Canaccord Genuity Group boosted their price target on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Craig Hallum boosted their price target on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Finally, B. Riley boosted their price target on shares of EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $29.58.

Institutional Trading of EverQuote

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of EverQuote by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock worth $21,487,000 after buying an additional 30,577 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of EverQuote by 127.6% in the 1st quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock worth $1,016,000 after buying an additional 30,699 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of EverQuote by 244,503.3% in the 1st quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock worth $5,448,000 after buying an additional 293,404 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of EverQuote in the 1st quarter worth about $2,167,000. Finally, SG Americas Securities LLC purchased a new position in shares of EverQuote in the 2nd quarter worth about $808,000. Institutional investors own 91.54% of the company’s stock.

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.