Insider Selling: EverQuote, Inc. (NASDAQ:EVER) CTO Sells $582,912.64 in Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 29,248 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $19.93, for a total value of $582,912.64. Following the completion of the sale, the chief technology officer now directly owns 116,212 shares in the company, valued at $2,316,105.16. This trade represents a 20.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• 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 transaction of $16,726.08.
• 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 transaction of $33,181.02.

EverQuote Price Performance

EVER stock opened at $19.99 on Thursday. EverQuote, Inc. has a 1 year low of $10.21 and a 1 year high of $28.09. The company has a market cap of $706.67 million, a P/E ratio of 58.79 and a beta of 0.96. The stock’s fifty day moving average price is $18.57 and its 200-day moving average price is $20.78.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $140.30 million. During the same period in the previous year, the business posted ($0.40) earnings per share. The firm’s quarterly revenue was up 162.7% compared to the same quarter last year. As a group, analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a report on Thursday, December 26th. JPMorgan Chase & Co. lowered their price target on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, B. Riley reduced 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 analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, EverQuote currently has an average rating of “Buy” and an average target price of $32.17.

Institutional Investors Weigh In On EverQuote

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust increased its stake in shares of EverQuote by 572.1% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock worth $10,631,000 after purchasing an additional 429,084 shares in the last quarter. Emerald Advisers LLC lifted its position in shares of EverQuote by 165.8% in the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after acquiring an additional 399,257 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of EverQuote by 3,022.8% in the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock valued at $8,133,000 after acquiring an additional 373,280 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of EverQuote by 331.9% in the second quarter. Renaissance Technologies LLC now owns 293,708 shares of the company’s stock worth $6,127,000 after acquiring an additional 225,700 shares during the period. Finally, Cubist Systematic Strategies LLC grew its position in shares of EverQuote by 335.2% during the second quarter. Cubist Systematic Strategies LLC now owns 265,944 shares of the company’s stock worth $5,548,000 after purchasing an additional 204,835 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.