EverQuote (NASDAQ:EVER) CTO Sells $29,037.59 in Stock

Key Points

• EverQuote CTO David Brainard sold 1,097 shares at an average price of $26.47, generating $29,037.59. He retained 163,030 shares after the transaction, and had also sold 4,960 shares in July.
• EverQuote shares fell 4.8% to $24.82, though the company recently beat quarterly expectations with $0.53 in earnings per share and $195.09 million in revenue, up 24.6% year over year.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $28.17; institutional investors own 91.54% of the stock.

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CTO David Brainard sold 1,097 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $26.47, for a total transaction of $29,037.59. Following the sale, the chief technology officer owned 163,030 shares of the company's stock, valued at approximately $4,315,404.10. This represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, July 6th, David Brainard sold 4,960 shares of EverQuote stock. The shares were sold at an average price of $25.51, for a total transaction of $126,529.60.

EverQuote Stock Down 4.8%

Shares of EVER stock traded down $1.26 during mid-day trading on Thursday, reaching $24.82. The company's stock had a trading volume of 702,475 shares, compared to its average volume of 844,272. The firm has a market capitalization of $894.26 million, a PE ratio of 8.06 and a beta of 0.62. The company's 50 day simple moving average is $24.64 and its 200-day simple moving average is $19.71. EverQuote, Inc. has a 12-month low of $13.88 and a 12-month high of $28.73.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.01. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The firm had revenue of $195.09 million during the quarter, compared to analysts' expectations of $191.06 million. During the same period in the prior year, the company earned $0.39 EPS. The firm's revenue was up 24.6% on a year-over-year basis. As a group, research analysts anticipate that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Comerica Bank increased its position in shares of EverQuote by 235.4% in the 3rd quarter. Comerica Bank now owns 1,100 shares of the company's stock worth $25,000 after purchasing an additional 772 shares during the last quarter. Signature Equity Partners LLC grew its stake in EverQuote by 65.5% in the first quarter. Signature Equity Partners LLC now owns 2,127 shares of the company's stock worth $33,000 after purchasing an additional 842 shares in the last quarter. NewEdge Advisors LLC bought a new stake in EverQuote in the third quarter valued at about $52,000. Clearstead Advisors LLC raised its stake in 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 buying an additional 826 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in EverQuote by 271.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company's stock worth $79,000 after buying an additional 2,381 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on EVER shares. Zacks Research cut shares of EverQuote from a "hold" rating to a "strong sell" rating in a research report on Friday, August 7th. B. Riley Financial reiterated a "buy" rating and issued a $34.00 price objective (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. Needham & Company LLC upped their price objective on shares of EverQuote from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Raymond James Financial reiterated an "outperform" rating and issued a $28.00 price target on shares of EverQuote in a research note on Thursday, August 13th. Finally, JPMorgan Chase & Co. started coverage on EverQuote in a report on Monday. They issued an "overweight" rating and a $29.00 price target for the company. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, EverQuote currently has a consensus rating of "Moderate Buy" and an average price target of $28.17.

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.

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