Key Points
- EverQuote CTO David Brainard sold 5,709 shares on January 7 at an average price of $25.05 for about $143,010, reducing his stake to 101,603 shares (a 5.32% ownership decrease); he also sold 1,291 shares on November 28.
- EverQuote beat the quarter on November 3 with $0.50 EPS vs. $0.37 expected and revenue of $173.94 million (+20.3% YoY), reporting ROE of 38.19% and a net margin of 8.36%.
- The stock opened at $25.42 with 50-day/200-day moving averages of $26.03/$24.27, a market cap of $914.1 million, and a consensus analyst rating of "Buy" with a $34 price target.
EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CTO David Brainard sold 5,709 shares of the company's stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $25.05, for a total value of $143,010.45. Following the transaction, the chief technology officer owned 101,603 shares in the company, valued at $2,545,155.15. This trade represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
David Brainard also recently made the following trade(s):
- On Friday, November 28th, David Brainard sold 1,291 shares of EverQuote stock. The shares were sold at an average price of $26.40, for a total value of $34,082.40.
EverQuote Trading Up 0.8%
EVER opened at $25.42 on Friday. The stock's 50-day moving average price is $26.03 and its 200 day moving average price is $24.27. EverQuote, Inc. has a 12-month low of $17.20 and a 12-month high of $30.03. The firm has a market cap of $914.10 million, a price-to-earnings ratio of 17.78 and a beta of 0.46.
EverQuote (NASDAQ:EVER - Get Free Report) last released its earnings results on Monday, November 3rd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.13. The company had revenue of $173.94 million during the quarter, compared to the consensus estimate of $166.09 million. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.EverQuote's revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS. On average, research analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on EVER shares. Zacks Research raised shares of EverQuote from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of EverQuote in a research report on Wednesday, October 8th. Needham & Company LLC lifted their target price on EverQuote from $38.00 to $40.00 and gave the company a "buy" rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. boosted their target price on EverQuote from $30.00 to $32.00 and gave the stock an "overweight" rating in a research note on Friday, December 12th. Finally, Wall Street Zen downgraded EverQuote from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $34.00.
View Our Latest Research Report on EVER
Institutional Investors Weigh In On EverQuote
Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in EverQuote by 6.0% during the third quarter. Vanguard Group Inc. now owns 2,201,338 shares of the company's stock worth $50,345,000 after purchasing an additional 123,728 shares in the last quarter. Acadian Asset Management LLC raised its stake in EverQuote by 1.2% during the 2nd quarter. Acadian Asset Management LLC now owns 866,481 shares of the company's stock worth $20,939,000 after acquiring an additional 10,233 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in EverQuote by 27.3% in the second quarter. Qube Research & Technologies Ltd now owns 800,114 shares of the company's stock valued at $19,347,000 after acquiring an additional 171,787 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in EverQuote by 3.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 727,956 shares of the company's stock valued at $16,648,000 after acquiring an additional 26,980 shares in the last quarter. Finally, Emerald Advisers LLC boosted its stake in EverQuote by 11.2% in the third quarter. Emerald Advisers LLC now owns 689,253 shares of the company's stock valued at $15,763,000 after acquiring an additional 69,668 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.
About EverQuote
(
Get Free Report)
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.
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