Insider Selling: EverQuote, Inc. (NASDAQ:EVER) CTO Sells 2,238 Shares of Stock

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

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 transaction 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 Stock Performance

Shares of EverQuote stock traded down $1.44 on Monday, hitting $25.44. 520,193 shares of the company's stock were exchanged, compared to its average volume of 535,080. The stock has a market capitalization of $899.40 million, a PE ratio of 75.03 and a beta of 0.96. EverQuote, Inc. has a 1 year low of $14.28 and a 1 year high of $28.09. The company has a 50-day simple moving average of $20.44 and a 200-day simple moving average of $20.18.

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EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.18. The business had revenue of $147.46 million during the quarter, compared to analyst estimates of $133.83 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. On average, analysts expect that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EVER has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their target price on shares of EverQuote from $25.00 to $29.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Needham & Company LLC raised their target price on shares of EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. B. Riley cut their target price on shares of EverQuote from $36.50 to $29.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Canaccord Genuity Group lowered their price target on EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Finally, Raymond James upgraded EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price target on the stock in a research note on Thursday, December 26th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, EverQuote presently has a consensus rating of "Buy" and a consensus target price of $32.33.

Institutional Investors Weigh In On EverQuote

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVER. Mackenzie Financial Corp boosted its position in shares of EverQuote by 65.3% in the fourth quarter. Mackenzie Financial Corp now owns 104,303 shares of the company's stock worth $2,085,000 after purchasing an additional 41,222 shares during the period. Warm Springs Advisors Inc. purchased a new position in shares of EverQuote during the 4th quarter valued at $1,499,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in EverQuote by 34.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,500 shares of the company's stock worth $950,000 after buying an additional 12,118 shares during the period. Squarepoint Ops LLC increased its stake in EverQuote by 47.2% in the 4th quarter. Squarepoint Ops LLC now owns 371,595 shares of the company's stock worth $7,428,000 after buying an additional 119,189 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in EverQuote by 59.7% in the 4th quarter. Two Sigma Advisers LP now owns 52,700 shares of the company's stock worth $1,053,000 after buying an additional 19,700 shares in the last quarter. 91.54% of the stock is 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.