EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard Sells 4,113 Shares

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CTO David Brainard sold 4,113 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $22.41, for a total transaction of $92,172.33. Following the transaction, the chief technology officer now directly owns 143,874 shares of the company's stock, valued at $3,224,216.34. The trade was a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, February 26th, David Brainard sold 2,238 shares of EverQuote stock. The stock was sold at an average price of $26.14, for a total transaction of $58,501.32.
• 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.

EverQuote Price Performance

Shares of NASDAQ:EVER traded down $0.94 during trading hours on Friday, hitting $20.21. The company's stock had a trading volume of 426,446 shares, compared to its average volume of 543,861. The firm's fifty day moving average price is $24.34 and its 200 day moving average price is $20.89. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03. The company has a market capitalization of $721.98 million, a price-to-earnings ratio of 59.44 and a beta of 0.77.

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EverQuote (NASDAQ:EVER - Get Free Report) last posted its earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.18. The company 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, equities research analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group reduced their price objective on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, February 24th. JPMorgan Chase & Co. increased their price target on EverQuote from $25.00 to $29.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Needham & Company LLC boosted their price objective on EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Finally, Raymond James upgraded EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 target price for the company in a research report on Thursday, December 26th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $32.33.

Hedge Funds Weigh In On EverQuote

A number of large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of EverQuote by 255.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company's stock worth $5,072,000 after acquiring an additional 172,785 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of EverQuote by 10.4% during the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company's stock valued at $12,554,000 after purchasing an additional 56,114 shares during the last quarter. Counterpoint Mutual Funds LLC boosted its position in shares of EverQuote by 74.3% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 38,053 shares of the company's stock worth $761,000 after purchasing an additional 16,217 shares in the last quarter. Intech Investment Management LLC purchased a new position in EverQuote during the 4th quarter worth $236,000. Finally, Barclays PLC grew its stake in shares of EverQuote by 331.2% during the third quarter. Barclays PLC now owns 50,983 shares of the company's stock worth $1,076,000 after acquiring an additional 39,160 shares during the last quarter. 91.54% of the stock is currently owned by 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.