David Brainard Sells 581 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 581 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $19.90, for a total transaction of $11,561.90. Following the transaction, the chief technology officer directly owned 178,187 shares in the company, valued at approximately $3,545,921.30. This represents a 0.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Tuesday, May 26th, David Brainard sold 516 shares of EverQuote stock. The shares were sold at an average price of $18.69, for a total transaction of $9,644.04.
• On Tuesday, May 5th, David Brainard sold 9,942 shares of EverQuote stock. The shares were sold at an average price of $19.42, for a total transaction of $193,073.64.

EverQuote Stock Performance

EVER stock opened at $19.24 on Friday. EverQuote, Inc. has a 52 week low of $13.88 and a 52 week high of $28.73. The firm’s fifty day moving average is $17.05 and its 200 day moving average is $20.53. The firm has a market cap of $693.22 million, a P/E ratio of 6.54 and a beta of 0.56.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, May 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.43 by $0.08. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The company had revenue of $190.85 million for the quarter, compared to analyst estimates of $180.10 million. During the same quarter last year, the firm earned $0.21 EPS. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, analysts forecast that EverQuote, Inc. will post 2.06 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on EVER. Zacks Research lowered shares of EverQuote from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. JPMorgan Chase & Co. increased their price target on shares of EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Canaccord Genuity Group dropped their price target on shares of EverQuote from $33.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Weiss Ratings raised shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Finally, B. Riley Financial dropped their price target on shares of EverQuote from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, EverQuote presently has an average rating of “Moderate Buy” and a consensus target price of $24.17.

Institutional Investors Weigh In On EverQuote

Several institutional investors have recently added to or reduced their stakes in EVER. Comerica Bank boosted its position in EverQuote by 235.4% during 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 during the period. Signature Equity Partners LLC boosted its position in EverQuote by 65.5% during the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock valued at $33,000 after buying an additional 842 shares during the period. NewEdge Advisors LLC purchased a new stake in EverQuote during the 3rd quarter valued at $52,000. Clearstead Advisors LLC boosted its position in EverQuote by 70.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock valued at $54,000 after buying an additional 826 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in EverQuote by 595.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock valued at $62,000 after buying an additional 2,246 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.