Insider Selling: EverQuote (NASDAQ:EVER) CTO Sells $45,466.32 in Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 2,334 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $19.48, for a total transaction of $45,466.32. Following the transaction, the chief technology officer owned 152,804 shares in the company, valued at approximately $2,976,621.92. This trade represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Thursday, October 8th, David Brainard sold 2,626 shares of EverQuote stock. The shares were sold at an average price of $19.90, for a total transaction of $52,257.40.
• On Tuesday, August 25th, David Brainard sold 1,097 shares of EverQuote stock. The stock was sold at an average price of $26.47, for a total transaction of $29,037.59.

EverQuote Stock Performance

EverQuote stock traded up $1.35 during midday trading on Thursday, hitting $20.74. 672,124 shares of the company’s stock were exchanged, compared to its average volume of 843,479. EverQuote, Inc. has a 12-month low of $13.88 and a 12-month high of $28.73. The stock has a market cap of $747.26 million, a price-to-earnings ratio of 6.73 and a beta of 0.68. The firm’s 50 day simple moving average is $23.31 and its 200 day simple moving average is $21.06.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The business had revenue of $195.09 million during the quarter, compared to analysts’ expectations of $191.06 million. During the same period in the prior year, the company earned $0.39 earnings per share. The business’s revenue was up 24.6% compared to the same quarter last year. On average, equities research analysts forecast that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.

Hedge Funds Weigh In On EverQuote

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVER. Integrated Wealth Concepts LLC purchased a new position in shares of EverQuote during the 2nd quarter worth approximately $55,000. IFP Advisors Inc boosted its stake in shares of EverQuote by 100.1% in the second quarter. IFP Advisors Inc now owns 3,219 shares of the company’s stock valued at $77,000 after buying an additional 1,610 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of EverQuote in the second quarter valued at approximately $2,889,000. Allworth Financial LP grew its holdings in EverQuote by 63.7% during the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $61,000 after acquiring an additional 997 shares during the period. Finally, Corient Private Wealth LP grew its holdings in EverQuote by 85.4% during the second quarter. Corient Private Wealth LP now owns 79,174 shares of the company’s stock worth $1,884,000 after acquiring an additional 36,461 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on EVER shares. Wall Street Zen cut EverQuote from a “buy” rating to a “hold” rating in a research report on Sunday, September 20th. Weiss Ratings raised EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Needham & Company LLC upped their price target on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Zacks Research raised EverQuote from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Finally, Raymond James Financial restated an “outperform” rating and set a $28.00 price objective on shares of EverQuote in a research report on Thursday, August 13th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $28.17.

About EverQuote

EverQuote, Inc operates an online marketplace that helps consumers compare insurance options and connect with insurance providers. Its platform uses data, digital marketing and technology to match consumers seeking coverage with insurers and other insurance-related providers.

The company has primarily focused on auto insurance, while also supporting shopping and customer acquisition activities for additional property and casualty insurance products, including home and renters coverage.