David Brainard Sells 9,942 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 9,942 shares of EverQuote stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $19.42, for a total transaction of $193,073.64. Following the completion of the transaction, the chief technology officer owned 180,493 shares in the company, valued at $3,505,174.06. This trade represents a 5.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

EverQuote Price Performance

Shares of EVER opened at $20.50 on Friday. The company has a market capitalization of $738.62 million, a PE ratio of 6.97 and a beta of 0.56. EverQuote, Inc. has a one year low of $13.88 and a one year high of $28.73. The company’s fifty day moving average price is $16.22 and its 200 day moving average price is $20.83.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.08. The business had revenue of $190.85 million for the quarter, compared to the consensus estimate of $180.10 million. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. EverQuote’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the company posted $0.21 earnings per share. Analysts anticipate that EverQuote, Inc. will post 1.97 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of EverQuote from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 4th. B. Riley Financial dropped their price objective on shares of EverQuote from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of EverQuote in a report on Tuesday. Craig Hallum restated a “buy” rating and set a $20.00 price objective on shares of EverQuote in a report on Tuesday, February 24th. Finally, Zacks Research downgraded shares of EverQuote from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, EverQuote currently has a consensus rating of “Moderate Buy” and an average price target of $24.17.

Institutional Trading of EverQuote

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Comerica Bank increased its stake in EverQuote by 235.4% in the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after acquiring an additional 772 shares during the period. Versant Capital Management Inc increased 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 EverQuote in the third quarter valued at about $52,000. Clearstead Advisors LLC increased its stake in EverQuote by 70.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock valued at $54,000 after acquiring an additional 826 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in EverQuote by 595.8% in the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock valued at $62,000 after acquiring an additional 2,246 shares during the period. Institutional investors own 91.54% of the company’s stock.

EverQuote News Roundup

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: EverQuote’s latest earnings beat expectations, with Q1 EPS of $0.51 versus $0.43 expected and revenue of $190.85 million versus $180.10 million estimated. The company also posted 14.6% year-over-year revenue growth, reinforcing the view that its insurance marketplace is still growing profitably. Article Title
• Positive Sentiment: Analysts have been adjusting higher after the report, including Needham reaffirming a Buy rating and JPMorgan raising its price target to $24. These updates suggest Wall Street sees the earnings strength as sustainable. Article Title
• Positive Sentiment: Management is also presenting at upcoming investor conferences, which may help keep attention on the stock and give the company another chance to highlight its growth and AI-driven efficiency gains. Article Title
• Neutral Sentiment: Insider sales by CTO David Brainard and CAO Jon Ayotte may have modestly weighed on sentiment, but the transactions were relatively small compared with their remaining holdings and do not appear to signal a major change in the company’s outlook. Article Title

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.