EverQuote (NASDAQ:EVER) CTO Sells $34,082.40 in Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 1,291 shares of the stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $26.40, for a total value of $34,082.40. Following the transaction, the chief technology officer owned 112,661 shares in the company, valued at approximately $2,974,250.40. This trade represents a 1.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, October 7th, David Brainard sold 5,710 shares of EverQuote stock. The stock was sold at an average price of $22.20, for a total transaction of $126,762.00.

EverQuote Trading Up 1.1%

NASDAQ:EVER opened at $27.77 on Friday. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $30.03. The firm’s fifty day simple moving average is $23.17 and its 200 day simple moving average is $23.81. The firm has a market capitalization of $998.61 million, a PE ratio of 19.42 and a beta of 0.46.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. The company had revenue of $173.94 million during the quarter, compared to analysts’ expectations of $166.09 million. EverQuote had a net margin of 8.36% and a return on equity of 38.19%. The business’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 earnings per share. As a group, analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Linden Thomas Advisory Services LLC boosted its stake in shares of EverQuote by 5.5% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 8,684 shares of the company’s stock valued at $210,000 after purchasing an additional 453 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in EverQuote by 25.8% in the second quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock valued at $68,000 after buying an additional 573 shares in the last quarter. Versant Capital Management Inc boosted its position in EverQuote by 108.9% in the third quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock valued at $26,000 after buying an additional 601 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of EverQuote by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock worth $393,000 after buying an additional 624 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of EverQuote by 4.3% in the second 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. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on EVER shares. Zacks Research raised EverQuote from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Needham & Company LLC boosted their target price on shares of EverQuote from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Wall Street Zen downgraded shares of EverQuote from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. JPMorgan Chase & Co. boosted their price objective on shares of EverQuote from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of EverQuote in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, EverQuote currently has an average rating of “Buy” and a consensus price target of $33.75.

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.