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

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 3,164 shares of the firm’s stock in a transaction that occurred 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 directly owns 160,986 shares of the company’s stock, valued at approximately $3,544,911.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 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.
• 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 value of $42,821.28.

EverQuote Price Performance

EverQuote stock opened at $22.17 on Friday. The firm has a market capitalization of $769.85 million, a price-to-earnings ratio of -15.72 and a beta of 0.96. The company’s 50 day simple moving average is $22.52 and its 200 day simple moving average is $20.49. EverQuote, Inc. has a fifty-two week low of $5.52 and a fifty-two week high of $28.09.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results 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. EverQuote had a negative net margin of 17.37% and a negative return on equity of 31.65%. The company had revenue of $117.14 million for the quarter, compared to analysts’ expectations of $102.81 million. During the same period last year, the firm posted ($0.31) earnings per share. The business’s quarterly revenue was up 72.3% compared to the same quarter last year. As a group, analysts predict that EverQuote, Inc. will post 0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EVER has been the subject of several recent research reports. B. Riley boosted their price objective on EverQuote from $24.00 to $29.50 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Craig Hallum boosted their price target on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of EverQuote from $29.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Needham & Company LLC lifted their target price on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, Canaccord Genuity Group increased their price target on EverQuote from $25.00 to $30.00 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, the company has a consensus rating of “Buy” and an average target price of $29.58.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVER. Vanguard Group Inc. increased its holdings in shares of EverQuote by 2.7% in the first quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock worth $21,487,000 after acquiring an additional 30,577 shares in the last quarter. BNP Paribas Financial Markets increased its stake in EverQuote by 127.6% during the 1st quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock worth $1,016,000 after purchasing an additional 30,699 shares in the last quarter. Russell Investments Group Ltd. increased its stake in EverQuote by 244,503.3% during the 1st quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock worth $5,448,000 after purchasing an additional 293,404 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in EverQuote during the 1st quarter worth approximately $2,167,000. Finally, SG Americas Securities LLC bought a new position in EverQuote in the second quarter valued at approximately $808,000. 91.54% of the stock is currently owned by 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.