EverQuote, Inc. (NASDAQ:EVER) CTO Sells $71,736.00 in Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 3,675 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $19.52, for a total value of $71,736.00. Following the completion of the transaction, the chief technology officer now directly owns 108,244 shares of the company’s stock, valued at approximately $2,112,922.88. The trade was a 3.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, December 26th, David Brainard sold 29,248 shares of EverQuote stock. The stock was sold at an average price of $19.93, for a total transaction of $582,912.64.
• 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 transaction of $254,449.60.
• On Monday, November 18th, David Brainard sold 912 shares of EverQuote stock. The shares were sold at an average price of $18.34, for a total transaction of $16,726.08.

EverQuote Stock Performance

Shares of NASDAQ:EVER opened at $18.93 on Thursday. The company has a market capitalization of $669.18 million, a PE ratio of 55.68 and a beta of 0.96. The stock has a fifty day moving average of $18.76 and a 200-day moving average of $20.79. EverQuote, Inc. has a one year low of $10.21 and a one year high of $28.09.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Gladius Capital Management LP purchased a new stake in shares of EverQuote in the 3rd quarter valued at approximately $26,000. Quarry LP raised its stake 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 purchasing an additional 985 shares during the period. nVerses Capital LLC lifted its holdings in shares of EverQuote by 41.2% in the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after purchasing an additional 700 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of EverQuote by 115.1% in the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after buying an additional 1,874 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in shares of EverQuote during the second quarter valued at $76,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

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.