David Brainard Sells 14,590 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 14,590 shares of EverQuote stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $17.44, for a total value of $254,449.60. Following the completion of the transaction, the chief technology officer now owns 137,291 shares in the company, valued at approximately $2,394,355.04. The trade was a 9.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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 stock was sold at an average price of $20.22, for a total value of $33,181.02.

EverQuote Price Performance

EverQuote stock opened at $17.51 on Friday. The business has a 50 day moving average of $18.61 and a 200-day moving average of $20.91. The company has a market capitalization of $619.00 million, a P/E ratio of 51.50 and a beta of 0.96. EverQuote, Inc. has a 1 year low of $10.21 and a 1 year high of $28.09.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. nVerses Capital LLC grew its position in shares of EverQuote by 41.2% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after buying an additional 700 shares during the last quarter. Quarry LP boosted its holdings in EverQuote by 215.5% in the second 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 last quarter. CWM LLC raised 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 purchasing an additional 1,063 shares during the last quarter. Gladius Capital Management LP bought a new position in EverQuote during the 3rd quarter worth approximately $26,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of EverQuote by 19.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock worth $177,000 after purchasing an additional 1,363 shares during the period. 91.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EVER. JPMorgan Chase & Co. decreased their price target on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. B. Riley decreased their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, EverQuote presently has an average rating of “Buy” and a consensus target price of $31.60.

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.