Insider Selling: EverQuote, Inc. (NASDAQ:EVER) CTO Sells $33,181.02 in Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 1,641 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total transaction of $33,181.02. Following the completion of the sale, the chief technology officer now owns 155,491 shares of the company’s stock, valued at approximately $3,144,028.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, August 21st, David Brainard sold 3,164 shares of EverQuote stock. The shares were sold at an average price of $22.02, for a total value of $69,671.28.
• On Monday, August 19th, David Brainard sold 661 shares of EverQuote stock. The stock was sold at an average price of $21.99, for a total value 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 value of $20,674.68.

EverQuote Price Performance

Shares of EVER stock opened at $20.76 on Friday. EverQuote, Inc. has a 1-year low of $6.64 and a 1-year high of $28.09. The firm has a market cap of $720.89 million, a PE ratio of -14.72 and a beta of 1.04. The company has a 50-day moving average of $22.57 and a two-hundred day moving average of $21.73.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.14. The firm had revenue of $117.14 million during the quarter, compared to analysts’ expectations of $102.81 million. EverQuote had a negative net margin of 8.55% and a negative return on equity of 13.24%. The firm’s quarterly revenue was up 72.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.31) EPS. Sell-side analysts anticipate that EverQuote, Inc. will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On EverQuote

A number of institutional investors have recently modified their holdings of the company. Quarry LP boosted its holdings in EverQuote by 215.5% during the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after acquiring an additional 985 shares during the period. nVerses Capital LLC purchased a new stake in EverQuote during the 2nd quarter worth approximately $35,000. CWM LLC lifted its holdings in EverQuote by 133.2% during the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after buying an additional 1,063 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in EverQuote in the 2nd quarter valued at approximately $76,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of EverQuote in the second quarter worth $147,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. 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 report on Tuesday, August 6th. JPMorgan Chase & Co. increased 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. Finally, Craig Hallum raised their price target on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, EverQuote currently has an average rating of “Buy” and an average target price of $29.58.

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.