David Brainard Sells 2,238 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 2,238 shares of EverQuote stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $26.14, for a total transaction of $58,501.32. Following the sale, the chief technology officer now owns 153,336 shares of the company’s stock, valued at approximately $4,008,203.04. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, February 20th, David Brainard sold 6,609 shares of EverQuote stock. The shares were sold at an average price of $21.49, for a total transaction of $142,027.41.
• On Monday, January 6th, David Brainard sold 3,675 shares of EverQuote stock. The shares were sold at an average price of $19.52, for a total transaction of $71,736.00.
• On Thursday, December 26th, David Brainard sold 29,248 shares of EverQuote stock. The shares were sold at an average price of $19.93, for a total transaction of $582,912.64.
• On Tuesday, December 17th, David Brainard sold 14,590 shares of EverQuote stock. The shares were sold at an average price of $17.44, for a total transaction of $254,449.60.

EverQuote Stock Performance

Shares of EVER stock opened at $26.88 on Friday. EverQuote, Inc. has a one year low of $14.28 and a one year high of $28.09. The company’s 50-day moving average is $20.44 and its 200 day moving average is $20.21. The company has a market capitalization of $950.23 million, a price-to-earnings ratio of 79.06 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.15 by $0.18. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The company had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. As a group, research analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on EVER shares. JPMorgan Chase & Co. lifted their price target on shares of EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a report on Thursday, December 26th. Needham & Company LLC increased their price target on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday. Canaccord Genuity Group decreased their price target on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Finally, B. Riley decreased their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, EverQuote presently has an average rating of “Buy” and a consensus target price of $32.33.

Institutional Trading of EverQuote

Institutional investors have recently bought and sold shares of the company. Gladius Capital Management LP purchased a new stake in EverQuote during the 3rd quarter valued at about $26,000. R Squared Ltd purchased a new stake in shares of EverQuote during the 4th quarter valued at about $34,000. Quarry LP boosted its holdings in shares of EverQuote by 100.7% during the 3rd quarter. Quarry LP now owns 2,894 shares of the company’s stock valued at $61,000 after acquiring an additional 1,452 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock valued at $74,000 after acquiring an additional 1,874 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of EverQuote during the 4th quarter valued at about $90,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

About EverQuote

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.