EverQuote (NASDAQ:EVER) CTO David Brainard Sells 581 Shares

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 581 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $19.90, for a total transaction of $11,561.90. Following the sale, the chief technology officer directly owned 178,187 shares of the company’s stock, valued at approximately $3,545,921.30. This trade represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Down 1.8%

Shares of NASDAQ EVER opened at $18.89 on Friday. The firm has a market cap of $680.61 million, a PE ratio of 6.43 and a beta of 0.56. The company’s fifty day simple moving average is $16.98 and its 200 day simple moving average is $20.54. EverQuote, Inc. has a 12-month low of $13.88 and a 12-month high of $28.73.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. The business had revenue of $190.85 million during the quarter, compared to analysts’ expectations of $180.10 million. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the company posted $0.21 earnings per share. On average, equities analysts predict that EverQuote, Inc. will post 2.06 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on EVER. Weiss Ratings upgraded shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Wall Street Zen cut shares of EverQuote from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Canaccord Genuity Group reduced their price target on shares of EverQuote from $33.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Raymond James Financial restated an “outperform” rating and issued a $18.00 price target on shares of EverQuote in a report on Tuesday, February 17th. Finally, Craig Hallum restated a “buy” rating and issued a $20.00 price target on shares of EverQuote in a report on Tuesday, February 24th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.17.

Hedge Funds Weigh In On EverQuote

Hedge funds have recently bought and sold shares of the company. Comerica Bank boosted its holdings in EverQuote by 235.4% during the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after acquiring an additional 772 shares during the last quarter. Signature Equity Partners LLC boosted its holdings in EverQuote by 65.5% during the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock worth $33,000 after acquiring an additional 842 shares during the last quarter. NewEdge Advisors LLC purchased a new position in EverQuote during the 3rd quarter worth $52,000. Clearstead Advisors LLC boosted its holdings in EverQuote by 70.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after acquiring an additional 826 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in EverQuote by 595.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock worth $62,000 after acquiring an additional 2,246 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

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.