EverQuote (NASDAQ:EVER) CTO David Brainard Sells 4,960 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 4,960 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $25.51, for a total value of $126,529.60. Following the transaction, the chief technology officer owned 165,336 shares of the company’s stock, valued at $4,217,721.36. The trade was a 2.91% decrease in their position. The transaction was disclosed in a document filed 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 stock was sold at an average price of $18.69, for a total value of $9,644.04.
• On Wednesday, May 27th, David Brainard sold 581 shares of EverQuote stock. The shares were sold at an average price of $19.90, for a total value of $11,561.90.
• 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 Down 1.9%

Shares of NASDAQ:EVER opened at $24.80 on Thursday. The firm has a market capitalization of $893.54 million, a PE ratio of 8.44 and a beta of 0.61. EverQuote, Inc. has a twelve month low of $13.88 and a twelve month high of $28.73. The company has a 50-day moving average price of $20.26 and a two-hundred day moving average price of $19.53.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.51 earnings per share (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 in the previous year, the firm posted $0.21 earnings per share. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. Analysts anticipate that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

Institutional Trading of EverQuote

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. boosted its holdings in EverQuote by 3.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 37,732 shares of the company’s stock valued at $898,000 after purchasing an additional 1,278 shares during the period. Pacer Advisors Inc. raised its position in shares of EverQuote by 81.9% in the first quarter. Pacer Advisors Inc. now owns 214,947 shares of the company’s stock worth $3,314,000 after buying an additional 96,796 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in shares of EverQuote by 76.5% in the first quarter. Segall Bryant & Hamill LLC now owns 69,803 shares of the company’s stock worth $1,076,000 after buying an additional 30,250 shares in the last quarter. Amundi boosted its stake in EverQuote by 198.5% during the first quarter. Amundi now owns 119,848 shares of the company’s stock valued at $1,848,000 after buying an additional 79,700 shares during the period. Finally, Royal Bank of Canada boosted its stake in EverQuote by 15.2% during the first quarter. Royal Bank of Canada now owns 60,404 shares of the company’s stock valued at $931,000 after buying an additional 7,959 shares during the period. Institutional investors own 91.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EVER shares. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of EverQuote in a report on Tuesday, May 5th. Wall Street Zen lowered EverQuote from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. JPMorgan Chase & Co. lifted their price target on EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings upgraded EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.17.

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.