EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard Sells 29,248 Shares

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 29,248 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $19.93, for a total transaction of $582,912.64. Following the transaction, the chief technology officer now directly owns 116,212 shares of the company’s stock, valued at $2,316,105.16. This trade represents a 20.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, December 17th, David Brainard sold 14,590 shares of EverQuote stock. The stock was sold at an average price of $17.44, for a total value of $254,449.60.
• On Monday, November 18th, David Brainard sold 912 shares of EverQuote stock. The stock was sold at an average price of $18.34, for a total value of $16,726.08.
• On Wednesday, October 2nd, David Brainard sold 1,641 shares of EverQuote stock. The shares were sold at an average price of $20.22, for a total transaction of $33,181.02.

EverQuote Price Performance

EverQuote stock opened at $19.99 on Thursday. The firm has a market capitalization of $706.67 million, a P/E ratio of 58.79 and a beta of 0.96. EverQuote, Inc. has a 1-year low of $10.21 and a 1-year high of $28.09. The company’s 50-day moving average is $18.57 and its 200 day moving average is $20.78.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm had revenue of $144.53 million for the quarter, compared to the consensus estimate of $140.30 million. During the same period in the prior year, the business posted ($0.40) earnings per share. The company’s revenue for the quarter was up 162.7% on a year-over-year basis. Research analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EVER shares. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Thursday, December 26th. B. Riley lowered their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. reduced their price objective on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $32.17.

Institutional Trading of EverQuote

A number of large investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its stake in EverQuote by 255.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock worth $5,072,000 after buying an additional 172,785 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in EverQuote by 636.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock worth $2,209,000 after acquiring an additional 90,500 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of EverQuote during the second quarter worth approximately $782,000. Emerald Advisers LLC raised its stake in shares of EverQuote by 165.8% during the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after acquiring an additional 399,257 shares in the last quarter. Finally, Inspire Investing LLC purchased a new stake in shares of EverQuote in the second quarter valued at approximately $842,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

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.