Insider Selling: EverQuote (NASDAQ:EVER) CTO Sells 2,626 Shares of Company Stock

Key Points

• EverQuote CTO David Brainard sold 2,626 shares at an average price of $19.90, generating $52,257.40 and reducing his direct holdings by 1.72% to 150,178 shares.
• EverQuote shares traded at $20.74, with a market capitalization of approximately $747 million. The company recently exceeded quarterly earnings and revenue expectations, reporting $0.53 EPS and $195.09 million in revenue, up 24.6% year over year.
• Analysts maintain a “Moderate Buy” consensus, with six Buy ratings, two Holds, 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 2,626 shares of the company's stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $19.90, for a total value of $52,257.40. Following the transaction, the chief technology officer directly owned 150,178 shares in the company, valued at approximately $2,988,542.20. This represents a 1.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, October 6th, David Brainard sold 2,334 shares of EverQuote stock. The shares were sold at an average price of $19.48, for a total value of $45,466.32.
• On Tuesday, August 25th, David Brainard sold 1,097 shares of EverQuote stock. The shares were sold at an average price of $26.47, for a total value of $29,037.59.

EverQuote Price Performance

Shares of EVER stock traded up $1.35 on Thursday, reaching $20.74. 672,124 shares of the stock were exchanged, compared to its average volume of 843,479. EverQuote, Inc. has a one year low of $13.88 and a one year high of $28.73. The stock has a market cap of $747.26 million, a PE ratio of 6.73 and a beta of 0.68. The stock has a 50 day moving average price of $23.31 and a 200 day moving average price of $21.06.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. The business had revenue of $195.09 million for the quarter, compared to analysts' expectations of $191.06 million. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.The firm's quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 earnings per share. On average, research analysts expect that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EverQuote

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new position in shares of EverQuote in the 2nd quarter valued at $55,000. IFP Advisors Inc raised its stake in EverQuote by 100.1% during the 2nd quarter. IFP Advisors Inc now owns 3,219 shares of the company's stock worth $77,000 after buying an additional 1,610 shares during the period. Squarepoint Ops LLC bought a new position in EverQuote during the second quarter worth about $2,889,000. Allworth Financial LP lifted its holdings in EverQuote by 63.7% during the second quarter. Allworth Financial LP now owns 2,562 shares of the company's stock worth $61,000 after acquiring an additional 997 shares in the last quarter. Finally, Corient Private Wealth LP grew its stake in EverQuote by 85.4% in the second quarter. Corient Private Wealth LP now owns 79,174 shares of the company's stock valued at $1,884,000 after acquiring an additional 36,461 shares during the period. 91.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EVER shares. JPMorgan Chase & Co. started coverage on shares of EverQuote in a research note on Monday, August 24th. They set an "overweight" rating and a $29.00 price target for the company. Weiss Ratings raised shares of EverQuote from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 26th. Needham & Company LLC upped their target price 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 reissued an "outperform" rating and issued a $28.00 price target on shares of EverQuote in a research note on Thursday, August 13th. Finally, Wall Street Zen lowered EverQuote from a "buy" rating to a "hold" rating in a research report on Sunday, September 20th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.17.

About EverQuote

EverQuote, Inc operates an online marketplace that helps consumers compare insurance options and connect with insurance providers. Its platform uses data, digital marketing and technology to match consumers seeking coverage with insurers and other insurance-related providers.

The company has primarily focused on auto insurance, while also supporting shopping and customer acquisition activities for additional property and casualty insurance products, including home and renters coverage.

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