David Brainard Sells 9,942 Shares of EverQuote (NASDAQ:EVER) Stock

Key Points

• CTO David Brainard sold 9,942 shares on May 5 at an average price of $19.42 for about $193,074, reducing his EverQuote stake by 5.22% to 180,493 shares, as disclosed in an SEC filing.
• EverQuote beat quarterly estimates, reporting EPS of $0.51 (vs. $0.43 est.) and revenue of $190.85M (vs. $180.10M), with revenue up 14.6%, a 15.35% net margin and 56.58% ROE.
• Shares traded at $20.60 (+0.1%) with a market cap of $742.2M; analysts hold a consensus "Moderate Buy" rating with a $24.17 target, and institutional investors own about 91.54% of the stock.

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CTO David Brainard sold 9,942 shares of the company's stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $19.42, for a total transaction of $193,073.64. Following the completion of the transaction, the chief technology officer owned 180,493 shares in the company, valued at approximately $3,505,174.06. This trade represents a 5.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

EverQuote Stock Up 0.1%

Shares of EVER stock traded up $0.03 during trading on Thursday, hitting $20.60. The company had a trading volume of 1,231,046 shares, compared to its average volume of 970,435. The stock's 50-day moving average is $16.12 and its two-hundred day moving average is $20.83. The stock has a market capitalization of $742.22 million, a price-to-earnings ratio of 7.01 and a beta of 0.56. EverQuote, Inc. has a 52 week low of $13.88 and a 52 week high of $28.73.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.08. The company had revenue of $190.85 million for the quarter, compared to analysts' expectations of $180.10 million. EverQuote had a net margin of 15.35% and a return on equity of 56.58%. EverQuote's revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 earnings per share. On average, research analysts predict that EverQuote, Inc. will post 1.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. B. Riley Financial cut their target price on EverQuote from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Tuesday, February 24th. Raymond James Financial reaffirmed an "outperform" rating and issued a $18.00 target price on shares of EverQuote in a research note on Tuesday, February 17th. Zacks Research lowered EverQuote from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 26th. Wall Street Zen lowered EverQuote from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 4th. Finally, JPMorgan Chase & Co. upped their target price on EverQuote from $22.00 to $24.00 and gave the stock an "overweight" rating in a research note on Tuesday. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.17.

Institutional Trading of EverQuote

A number of institutional investors have recently made changes to their positions in EVER. Comerica Bank boosted its stake in shares of EverQuote by 235.4% during the third quarter. Comerica Bank now owns 1,100 shares of the company's stock valued at $25,000 after purchasing an additional 772 shares during the period. Versant Capital Management Inc boosted its stake in shares of EverQuote by 108.9% during the third quarter. Versant Capital Management Inc now owns 1,153 shares of the company's stock valued at $26,000 after purchasing an additional 601 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of EverQuote during the third quarter valued at approximately $52,000. Clearstead Advisors LLC boosted its stake in shares of EverQuote by 70.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,997 shares of the company's stock valued at $54,000 after purchasing an additional 826 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in shares of EverQuote by 595.8% during the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company's stock valued at $62,000 after acquiring an additional 2,246 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.

About EverQuote

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.

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