David Brainard Sells 2,238 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 2,238 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $26.14, for a total transaction of $58,501.32. Following the completion of the sale, the chief technology officer now owns 153,336 shares of the company’s stock, valued at $4,008,203.04. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, February 20th, David Brainard sold 6,609 shares of EverQuote stock. The stock was sold at an average price of $21.49, for a total value of $142,027.41.
• On Monday, January 6th, David Brainard sold 3,675 shares of EverQuote stock. The shares were sold at an average price of $19.52, for a total value of $71,736.00.
• On Thursday, December 26th, David Brainard sold 29,248 shares of EverQuote stock. The stock was sold at an average price of $19.93, for a total value of $582,912.64.
• On Tuesday, December 17th, David Brainard sold 14,590 shares of EverQuote stock. The shares were sold at an average price of $17.44, for a total value of $254,449.60.

EverQuote Price Performance

Shares of EverQuote stock opened at $25.78 on Friday. EverQuote, Inc. has a 52-week low of $14.28 and a 52-week high of $28.09. The firm has a market capitalization of $911.35 million, a PE ratio of 75.82 and a beta of 0.96. The company’s fifty day moving average price is $20.25 and its two-hundred day moving average price is $20.17.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. Analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EverQuote

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in EverQuote by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,383 shares of the company’s stock worth $288,000 after acquiring an additional 608 shares during the last quarter. Corton Capital Inc. raised its position in EverQuote by 3.4% in the 4th quarter. Corton Capital Inc. now owns 21,592 shares of the company’s stock valued at $432,000 after purchasing an additional 714 shares during the last quarter. Legal & General Group Plc boosted its stake in EverQuote by 4.8% in the fourth quarter. Legal & General Group Plc now owns 21,985 shares of the company’s stock worth $439,000 after purchasing an additional 1,012 shares in the last quarter. Gladius Capital Management LP acquired a new position in EverQuote in the third quarter worth $26,000. Finally, Rhumbline Advisers grew its holdings in shares of EverQuote by 4.0% during the fourth quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock worth $698,000 after purchasing an additional 1,332 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EVER has been the subject of several recent analyst reports. Needham & Company LLC upped their price objective on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. raised their price target on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday. Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Thursday, December 26th. B. Riley decreased their target price on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Canaccord Genuity Group reduced their price objective on EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $32.33.

EverQuote Company Profile

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.