EverQuote (NASDAQ:EVER) CTO David Brainard Sells 1,097 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 1,097 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $26.47, for a total value of $29,037.59. Following the transaction, the chief technology officer directly owned 163,030 shares in the company, valued at approximately $4,315,404.10. This trade represents a 0.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, July 6th, David Brainard sold 4,960 shares of EverQuote stock. The shares were sold at an average price of $25.51, for a total value of $126,529.60.

EverQuote Trading Down 4.8%

Shares of NASDAQ EVER opened at $24.82 on Friday. EverQuote, Inc. has a 12 month low of $13.88 and a 12 month high of $28.73. The stock has a 50 day moving average of $24.74 and a 200-day moving average of $19.76. The company has a market capitalization of $894.26 million, a P/E ratio of 8.06 and a beta of 0.62.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, topping 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 business had revenue of $195.09 million for the quarter, compared to analyst estimates of $191.06 million. During the same period in the previous year, the firm earned $0.39 EPS. The firm’s revenue was up 24.6% compared to the same quarter last year. Analysts predict that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of EverQuote by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock worth $393,000 after purchasing an additional 624 shares during the period. Cetera Investment Advisers boosted its stake in shares of EverQuote by 4.3% in the second quarter. Cetera Investment Advisers now owns 16,204 shares of the company’s stock valued at $392,000 after buying an additional 675 shares during the period. Comerica Bank grew its position in EverQuote by 235.4% during the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after buying an additional 772 shares in the last quarter. Legal & General Group Plc grew its position in EverQuote by 3.3% during the third quarter. Legal & General Group Plc now owns 24,301 shares of the company’s stock worth $556,000 after buying an additional 776 shares in the last quarter. Finally, Zacks Investment Management increased its stake in EverQuote by 1.2% during the 4th quarter. Zacks Investment Management now owns 66,281 shares of the company’s stock worth $1,790,000 after acquiring an additional 782 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Weiss Ratings upgraded shares of EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Zacks Research downgraded EverQuote from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. assumed coverage on EverQuote in a research note on Monday. They set an “overweight” rating and a $29.00 target price on the stock. Wall Street Zen cut EverQuote from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $28.00 price objective on shares of EverQuote in a report on Thursday, August 13th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, EverQuote currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.17.

EverQuote Company Profile

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.