EverQuote, Inc. (NASDAQ:EVER) CTO Sells $71,736.00 in Stock

EverQuote, Inc. (NASDAQ:EVERGet Free Report) CTO David Brainard sold 3,675 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $19.52, for a total transaction of $71,736.00. Following the completion of the transaction, the chief technology officer now directly owns 108,244 shares in the company, valued at $2,112,922.88. This represents a 3.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Thursday, December 26th, David Brainard sold 29,248 shares of EverQuote stock. The stock was sold at an average price of $19.93, for a total value of $582,912.64.
  • On Tuesday, December 17th, David Brainard sold 14,590 shares of EverQuote stock. The stock was sold at an average price of $17.44, for a total value of $254,449.60.
  • On Monday, November 18th, David Brainard sold 912 shares of EverQuote stock. The shares were sold at an average price of $18.34, for a total value of $16,726.08.

EverQuote Stock Performance

NASDAQ EVER opened at $19.18 on Wednesday. EverQuote, Inc. has a 1 year low of $10.21 and a 1 year high of $28.09. The business’s fifty day moving average is $18.77 and its two-hundred day moving average is $20.80. The stock has a market capitalization of $678.03 million, a P/E ratio of 56.41 and a beta of 0.96.

EverQuote (NASDAQ:EVERGet Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. During the same period in the previous year, the firm earned ($0.40) earnings per share. EverQuote’s revenue for the quarter was up 162.7% compared to the same quarter last year. On average, research analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a report on Thursday, December 26th. Finally, B. Riley decreased their price objective on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $32.17.

Get Our Latest Stock Report on EVER

Institutional Investors Weigh In On EverQuote

Several hedge funds have recently made changes to their positions in the company. Gladius Capital Management LP purchased a new position in EverQuote during the 3rd quarter worth approximately $26,000. Quarry LP lifted its holdings in shares of EverQuote by 215.5% in the second quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after purchasing an additional 985 shares in the last quarter. nVerses Capital LLC boosted its position in shares of EverQuote by 41.2% in the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $51,000 after buying an additional 700 shares during the period. Quantbot Technologies LP grew its holdings in shares of EverQuote by 115.1% during the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock valued at $74,000 after buying an additional 1,874 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in EverQuote during the second quarter valued at $76,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for EverQuote (NASDAQ:EVER)

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