EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard Sells 912 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 912 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $18.34, for a total transaction of $16,726.08. Following the completion of the transaction, the chief technology officer now owns 154,579 shares of the company’s stock, valued at $2,834,978.86. This trade represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, October 2nd, David Brainard sold 1,641 shares of EverQuote stock. The stock was sold at an average price of $20.22, for a total value of $33,181.02.

EverQuote Stock Up 0.3 %

NASDAQ:EVER opened at $18.85 on Thursday. The firm has a market capitalization of $666.35 million, a P/E ratio of 55.44 and a beta of 1.06. The stock’s fifty day simple moving average is $19.77 and its 200-day simple moving average is $21.72. EverQuote, Inc. has a 12-month low of $8.18 and a 12-month high of $28.09.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The company had revenue of $144.53 million during the quarter, compared to the consensus estimate of $140.30 million. During the same quarter in the prior year, the firm earned ($0.40) earnings per share. The firm’s revenue was up 162.7% compared to the same quarter last year. As a group, equities research analysts expect that EverQuote, Inc. will post 0.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EVER. B. Riley lowered their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Craig Hallum boosted their target price on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. reduced their target price on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Finally, Needham & Company LLC raised their target price on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $28.50.

Institutional Trading of EverQuote

Several institutional investors and hedge funds have recently bought and sold shares of EVER. Barclays PLC boosted its stake in EverQuote by 331.2% in the 3rd quarter. Barclays PLC now owns 50,983 shares of the company’s stock valued at $1,076,000 after purchasing an additional 39,160 shares during the period. Geode Capital Management LLC increased its holdings in shares of EverQuote by 10.4% during the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock worth $12,554,000 after purchasing an additional 56,114 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in EverQuote in the 3rd quarter valued at $757,000. MML Investors Services LLC bought a new stake in shares of EverQuote during the 3rd quarter valued at $290,000. Finally, Zacks Investment Management grew its holdings in shares of EverQuote by 249.8% during the 3rd quarter. Zacks Investment Management now owns 52,067 shares of the company’s stock worth $1,098,000 after purchasing an additional 37,182 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

EverQuote Company Profile

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.