EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard Sells 4,327 Shares

EverQuote, Inc. (NASDAQ:EVERGet Free Report) CTO David Brainard sold 4,327 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $24.95, for a total transaction of $107,958.65. Following the transaction, the chief technology officer now owns 175,142 shares in the company, valued at $4,369,792.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Friday, May 17th, David Brainard sold 914 shares of EverQuote stock. The stock was sold at an average price of $24.54, for a total value of $22,429.56.
  • On Friday, March 15th, David Brainard sold 14,227 shares of EverQuote stock. The stock was sold at an average price of $17.82, for a total value of $253,525.14.

EverQuote Price Performance

NASDAQ:EVER traded down $0.43 on Thursday, reaching $23.73. 218,724 shares of the company’s stock were exchanged, compared to its average volume of 415,133. The stock has a fifty day simple moving average of $20.21 and a 200-day simple moving average of $15.05. EverQuote, Inc. has a 52 week low of $5.36 and a 52 week high of $25.69. The firm has a market cap of $823.91 million, a price-to-earnings ratio of -16.83 and a beta of 0.85.

EverQuote (NASDAQ:EVERGet Free Report) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.12. EverQuote had a negative net margin of 17.37% and a negative return on equity of 31.65%. The firm had revenue of $91.07 million during the quarter, compared to the consensus estimate of $80.36 million. During the same period last year, the firm earned ($0.08) EPS. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. As a group, sell-side analysts predict that EverQuote, Inc. will post 0.03 EPS for the current year.

Wall Street Analyst Weigh In

EVER has been the topic of a number of research analyst reports. Needham & Company LLC raised their price target on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Craig Hallum raised their price objective on EverQuote from $26.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. upped their target price on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Canaccord Genuity Group lifted 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. Finally, B. Riley raised their price objective on shares of EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a report on Tuesday, May 7th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $26.25.

Check Out Our Latest Report on EverQuote

Institutional Investors Weigh In On EverQuote

A number of hedge funds and other institutional investors have recently modified their holdings of EVER. FNY Investment Advisers LLC purchased a new position in shares of EverQuote in the fourth quarter worth $40,000. Tower Research Capital LLC TRC grew its holdings in EverQuote by 446.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock worth $63,000 after acquiring an additional 4,215 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in EverQuote in the 4th quarter worth $66,000. New York State Common Retirement Fund increased its position in shares of EverQuote by 15.6% in the third quarter. New York State Common Retirement Fund now owns 42,213 shares of the company’s stock valued at $305,000 after acquiring an additional 5,684 shares during the period. Finally, State Board of Administration of Florida Retirement System bought a new position in shares of EverQuote during the first quarter valued at about $211,000. Institutional investors own 91.54% of the company’s stock.

About EverQuote

(Get Free Report)

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.

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