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 value of $126,529.60. Following the completion of the sale, the chief technology officer owned 165,336 shares in the company, valued at $4,217,721.36. This represents a 2.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 value of $9,644.04.
• On Wednesday, May 27th, David Brainard sold 581 shares of EverQuote stock. The shares were sold at an average price of $19.90, for a total value 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 Price Performance

Shares of NASDAQ:EVER opened at $24.76 on Friday. The firm has a market capitalization of $892.10 million, a PE ratio of 8.42 and a beta of 0.61. EverQuote, Inc. has a 1 year low of $13.88 and a 1 year high of $28.73. The firm’s 50-day moving average is $20.43 and its two-hundred day moving average is $19.52.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.43 by $0.08. The business had revenue of $190.85 million during the quarter, compared to analyst estimates of $180.10 million. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. Analysts expect that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Weiss Ratings upgraded shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. increased their price objective on EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Wall Street Zen lowered EverQuote from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of EverQuote in a research note on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.17.

Hedge Funds Weigh In On EverQuote

Several large investors have recently bought and sold shares of EVER. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in EverQuote by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock valued at $393,000 after buying an additional 624 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of EverQuote by 4.3% in the 2nd quarter. Cetera Investment Advisers now owns 16,204 shares of the company’s stock valued at $392,000 after acquiring an additional 675 shares during the last quarter. Comerica Bank raised its position in shares of 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 in the last quarter. Legal & General Group Plc raised its position in shares of EverQuote by 3.3% during the 3rd quarter. Legal & General Group Plc now owns 24,301 shares of the company’s stock worth $556,000 after acquiring an additional 776 shares in the last quarter. Finally, Zacks Investment Management raised its position in shares of EverQuote by 1.2% during the 4th quarter. Zacks Investment Management now owns 66,281 shares of the company’s stock worth $1,790,000 after acquiring an additional 782 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.