EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard Sells 2,043 Shares

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 2,043 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $20.96, for a total transaction of $42,821.28. Following the sale, the chief technology officer now owns 169,956 shares of the company’s stock, valued at $3,562,277.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, May 21st, David Brainard sold 4,327 shares of EverQuote stock. The shares were sold at an average price of $24.95, for a total value of $107,958.65.
• On Friday, May 17th, David Brainard sold 914 shares of EverQuote stock. The stock was sold at an average price of $24.54, for a total value of $22,429.56.

EverQuote Stock Performance

Shares of EverQuote stock opened at $21.47 on Friday. The business has a 50 day moving average of $22.00 and a 200 day moving average of $17.62. EverQuote, Inc. has a 52 week low of $5.36 and a 52 week high of $25.69.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, May 6th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.12. The firm had revenue of $91.07 million during the quarter, compared to analysts’ expectations of $80.36 million. EverQuote had a negative net margin of 17.37% and a negative return on equity of 31.65%. The company’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period last year, the company posted ($0.08) EPS. As a group, equities research analysts forecast that EverQuote, Inc. will post 0.05 EPS for the current fiscal year.

Analyst Ratings Changes

EVER has been the subject of several recent research reports. B. Riley boosted their price objective on EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Canaccord Genuity Group upped their price target on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Needham & Company LLC raised their price target on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, Craig Hallum boosted their price objective on shares of EverQuote from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $26.25.

Institutional Trading of EverQuote

Large investors have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. purchased a new position in shares of EverQuote in the 1st quarter valued at approximately $2,167,000. Acadian Asset Management LLC lifted its position in EverQuote by 206.9% during the first quarter. Acadian Asset Management LLC now owns 318,144 shares of the company’s stock valued at $5,903,000 after buying an additional 214,486 shares during the period. Vanguard Group Inc. lifted its position in EverQuote by 2.7% during the first quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock valued at $21,487,000 after buying an additional 30,577 shares during the period. First Eagle Investment Management LLC boosted its holdings in shares of EverQuote by 3.6% during the 1st quarter. First Eagle Investment Management LLC now owns 532,138 shares of the company’s stock valued at $9,876,000 after buying an additional 18,523 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of EverQuote in the 1st quarter worth about $211,000. 91.54% of the stock is owned by institutional investors.

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.