David Brainard Sells 912 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 912 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $18.34, for a total transaction of $16,726.08. Following the sale, the chief technology officer now owns 154,579 shares of the company’s stock, valued at $2,834,978.86. This trade represents a 0.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, October 2nd, David Brainard sold 1,641 shares of EverQuote stock. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02.

EverQuote Stock Performance

Shares of EVER stock traded up $0.06 during trading hours on Wednesday, reaching $18.85. The company had a trading volume of 340,795 shares, compared to its average volume of 474,060. The stock has a fifty day moving average of $19.80 and a 200-day moving average of $21.74. The company has a market capitalization of $666.37 million, a price-to-earnings ratio of 55.26 and a beta of 1.06. EverQuote, Inc. has a 12-month low of $8.18 and a 12-month high of $28.09.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. The firm had revenue of $144.53 million for the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm’s revenue for the quarter was up 162.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.40) EPS. On average, analysts forecast that EverQuote, Inc. will post 0.69 EPS for the current year.

Analysts Set New Price Targets

EVER has been the topic of a number of research analyst reports. B. Riley lowered their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Craig Hallum lifted their target price on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Needham & Company LLC upped their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $28.50.

Hedge Funds Weigh In On EverQuote

Several institutional investors and hedge funds have recently made changes to their positions in the business. nVerses Capital LLC boosted its stake in shares of EverQuote by 41.2% during the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $51,000 after acquiring an additional 700 shares in the last quarter. Quarry LP lifted its position in EverQuote by 215.5% during the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after buying an additional 985 shares in the last quarter. CWM LLC grew its position in shares of EverQuote by 133.2% during the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after buying an additional 1,063 shares during the period. Gladius Capital Management LP bought a new stake in EverQuote in the 3rd quarter valued at $26,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in EverQuote by 19.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock worth $177,000 after buying an additional 1,363 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

About EverQuote

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.