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

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 4,960 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $25.51, for a total transaction of $126,529.60. Following the completion of the transaction, the chief technology officer owned 165,336 shares of the company’s stock, valued at approximately $4,217,721.36. This represents a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 Wednesday, May 27th, David Brainard sold 581 shares of EverQuote stock. The stock was sold at an average price of $19.90, for a total transaction of $11,561.90.
• On Tuesday, May 5th, David Brainard sold 9,942 shares of EverQuote stock. The stock was 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 traded down $0.47 during trading on Wednesday, reaching $24.80. 774,046 shares of the company’s stock traded hands, compared to its average volume of 892,690. EverQuote, Inc. has a fifty-two week low of $13.88 and a fifty-two week high of $28.73. The firm has a market cap of $893.54 million, a PE ratio of 8.44 and a beta of 0.61. The company has a 50-day simple moving average of $20.08 and a 200-day simple moving average of $19.55.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, May 4th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. The company had revenue of $190.85 million during the quarter, compared to analysts’ expectations of $180.10 million. EverQuote had a return on equity of 53.39% and a net margin of 15.35%.EverQuote’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. On average, equities research analysts forecast that EverQuote, Inc. will post 1.72 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVER. Lazard Asset Management LLC boosted its stake in EverQuote by 81.7% during the 4th quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock worth $24,333,000 after purchasing an additional 405,237 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of EverQuote by 110.7% in the third quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company’s stock worth $15,720,000 after buying an additional 361,082 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of EverQuote by 95.1% in the second quarter. AQR Capital Management LLC now owns 655,615 shares of the company’s stock worth $15,853,000 after buying an additional 319,618 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in EverQuote by 47.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock worth $13,412,000 after acquiring an additional 293,160 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in EverQuote by 615.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock worth $8,896,000 after acquiring an additional 292,172 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About EverQuote

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.