Insider Selling: EverQuote, Inc. (NASDAQ:EVER) CTO Sells $254,449.60 in Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 14,590 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $17.44, for a total transaction of $254,449.60. Following the completion of the sale, the chief technology officer now directly owns 137,291 shares in the company, valued at $2,394,355.04. This trade represents a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, November 18th, David Brainard sold 912 shares of EverQuote stock. The shares were sold at an average price of $18.34, for a total transaction of $16,726.08.
• 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 value of $33,181.02.

EverQuote Trading Up 1.7 %

Shares of EVER stock opened at $17.51 on Friday. The company has a market cap of $619.00 million, a P/E ratio of 51.50 and a beta of 0.96. The firm has a fifty day moving average price of $18.61 and a 200 day moving average price of $20.91. EverQuote, Inc. has a 12 month low of $10.21 and a 12 month high of $28.09.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. The business had revenue of $144.53 million during 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 business’s quarterly revenue was up 162.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.40) EPS. On average, equities analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current year.

Analyst Upgrades and Downgrades

EVER has been the topic of several research reports. JPMorgan Chase & Co. decreased their target price on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. B. Riley lowered their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, EverQuote currently has a consensus rating of “Buy” and a consensus target price of $31.60.

Institutional Trading of EverQuote

Institutional investors have recently modified their holdings of the stock. nVerses Capital LLC raised its stake in 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 increased its position in shares of EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 985 shares in the last quarter. CWM LLC increased its position in shares of EverQuote by 133.2% during the second quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after purchasing an additional 1,063 shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of EverQuote in the 3rd quarter valued at about $26,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of EverQuote by 19.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock valued at $177,000 after purchasing an additional 1,363 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.