EverQuote (NASDAQ:EVER) CTO Sells $143,010.45 in Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 5,709 shares of the stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $25.05, for a total transaction of $143,010.45. Following the sale, the chief technology officer directly owned 101,603 shares in the company, valued at $2,545,155.15. This trade represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, November 28th, David Brainard sold 1,291 shares of EverQuote stock. The stock was sold at an average price of $26.40, for a total transaction of $34,082.40.

EverQuote Stock Performance

NASDAQ:EVER opened at $25.73 on Friday. The company has a market cap of $925.25 million, a price-to-earnings ratio of 17.99 and a beta of 0.46. The stock’s fifty day moving average price is $26.11 and its two-hundred day moving average price is $24.28. EverQuote, Inc. has a 52-week low of $17.20 and a 52-week high of $30.03.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, November 3rd. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.37 by $0.13. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.The company had revenue of $173.94 million during the quarter, compared to analysts’ expectations of $166.09 million. During the same period last year, the firm earned $0.31 EPS. The business’s revenue for the quarter was up 20.3% on a year-over-year basis. On average, equities analysts predict that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On EverQuote

A number of hedge funds and other institutional investors have recently made changes to their positions in EVER. Comerica Bank increased its position in shares of EverQuote by 235.4% in the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after buying an additional 772 shares in the last quarter. Versant Capital Management Inc grew its stake in EverQuote by 108.9% in the third quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock valued at $26,000 after acquiring an additional 601 shares during the period. NewEdge Advisors LLC bought a new stake in shares of EverQuote in the third quarter worth about $52,000. Jones Financial Companies Lllp increased its holdings in shares of EverQuote by 595.8% in the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock worth $62,000 after acquiring an additional 2,246 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its position in shares of EverQuote by 25.8% during the second quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock worth $68,000 after purchasing an additional 573 shares during the period. 91.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EVER. JPMorgan Chase & Co. raised their target price on shares of EverQuote from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Zacks Research raised shares of EverQuote from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Needham & Company LLC upped their target price on shares of EverQuote from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Wall Street Zen lowered EverQuote from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of EverQuote in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, EverQuote has an average rating of “Buy” and an average target price of $34.00.

EverQuote Company Profile

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.