Insider Selling: EverQuote (NASDAQ:EVER) CTO Sells $45,466.32 in Stock

Key Points

• EverQuote CTO David Brainard sold 2,334 shares at an average price of $19.48, generating $45,466.32 and reducing his direct ownership by 1.5% to 152,804 shares. He also recently reported additional sales.
• EverQuote shares traded at $20.74, while the company reported quarterly revenue of $195.09 million and EPS of $0.53, exceeding analysts’ estimates; revenue increased 24.6% year over year.
• Analyst sentiment remains favorable, with six Buy ratings and two Holds, an overall “Moderate Buy” consensus, 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 2,334 shares of the company's stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $19.48, for a total transaction of $45,466.32. Following the sale, the chief technology officer directly owned 152,804 shares in the company, valued at approximately $2,976,621.92. The trade was a 1.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, October 8th, David Brainard sold 2,626 shares of EverQuote stock. The shares were sold at an average price of $19.90, for a total transaction of $52,257.40.
• On Tuesday, August 25th, David Brainard sold 1,097 shares of EverQuote stock. The stock was sold at an average price of $26.47, for a total transaction of $29,037.59.

EverQuote Stock Performance

Shares of EverQuote stock traded up $1.35 during trading hours on Thursday, reaching $20.74. 672,124 shares of the company were exchanged, compared to its average volume of 843,479. EverQuote, Inc. has a 1 year low of $13.88 and a 1 year high of $28.73. The stock's fifty day moving average is $23.31 and its 200 day moving average is $21.06. The firm has a market cap of $747.26 million, a PE ratio of 6.73 and a beta of 0.68.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. B. Riley Financial reissued a "buy" rating and set a $34.00 price objective (up from $30.00) on shares of EverQuote in a research report on Tuesday, August 4th. Wall Street Zen downgraded EverQuote from a "buy" rating to a "hold" rating in a report on Sunday, September 20th. Needham & Company LLC upped their price objective on EverQuote from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Raymond James Financial reiterated an "outperform" rating and issued a $28.00 price objective on shares of EverQuote in a report on Thursday, August 13th. Finally, Zacks Research raised EverQuote from a "strong sell" rating to a "hold" rating in a research report on Friday, October 2nd. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $28.17.

Institutional Investors Weigh In On EverQuote

A number of institutional investors and hedge funds have recently bought and sold shares of EVER. Renaissance Technologies LLC boosted its stake in EverQuote by 28.9% in the first quarter. Renaissance Technologies LLC now owns 941,467 shares of the company's stock valued at $14,517,000 after acquiring an additional 211,360 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of EverQuote by 47.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company's stock worth $13,412,000 after purchasing an additional 293,160 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of EverQuote by 1.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 743,869 shares of the company's stock valued at $11,470,000 after purchasing an additional 13,276 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of EverQuote by 37.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company's stock valued at $10,728,000 after purchasing an additional 190,438 shares during the period. Finally, Jacobs Asset Management LLC boosted its position in shares of EverQuote by 199.9% in the 1st quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company's stock valued at $6,219,000 after purchasing an additional 268,819 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

EverQuote Company Profile

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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