Key Points
- CTO David Brainard sold 9,942 shares on May 5 at an average price of $19.42 for proceeds of $193,073.64, reducing his stake by 5.22% to 180,493 shares valued at about $3.51M.
- EverQuote beat quarterly expectations with Q1 EPS $0.51 vs. $0.43 expected and revenue $190.85M vs. $180.10M (revenue +14.6% YoY); analysts give a "Moderate Buy" consensus with an average target of $24.17.
EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CTO David Brainard sold 9,942 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $19.42, for a total transaction of $193,073.64. Following the sale, the chief technology officer directly owned 180,493 shares of the company's stock, valued at approximately $3,505,174.06. This trade represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
EverQuote Stock Performance
EVER stock opened at $20.60 on Friday. EverQuote, Inc. has a one year low of $13.88 and a one year high of $28.73. The company's fifty day moving average price is $16.22 and its 200-day moving average price is $20.83. The company has a market capitalization of $742.22 million, a PE ratio of 7.01 and a beta of 0.56.
EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.08. The company had revenue of $190.85 million during the quarter, compared to analyst estimates of $180.10 million. EverQuote had a return on equity of 53.39% and a net margin of 15.35%.The firm's revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 earnings per share. On average, research analysts predict that EverQuote, Inc. will post 1.97 EPS for the current fiscal year.
Wall Street Analyst Weigh In
EVER has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price objective on EverQuote from $22.00 to $24.00 and gave the stock an "overweight" rating in a research note on Tuesday. B. Riley Financial dropped their target price on EverQuote from $36.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, February 24th. Weiss Ratings downgraded EverQuote from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, May 1st. Needham & Company LLC restated a "buy" rating and set a $25.00 price target on shares of EverQuote in a report on Tuesday. Finally, Craig Hallum reaffirmed a "buy" rating and set a $20.00 price objective on shares of EverQuote in a research note on Tuesday, February 24th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, EverQuote presently has a consensus rating of "Moderate Buy" and an average price target of $24.17.
View Our Latest Research Report on EVER
Institutional Investors Weigh In On EverQuote
A number of institutional investors and hedge funds have recently modified their holdings of EVER. Meeder Asset Management Inc. boosted its holdings in EverQuote by 406.3% during the 1st quarter. Meeder Asset Management Inc. now owns 128,116 shares of the company's stock valued at $1,976,000 after acquiring an additional 102,813 shares during the period. Dimensional Fund Advisors LP increased its stake in EverQuote by 37.7% in the first quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company's stock worth $10,728,000 after purchasing an additional 190,438 shares during the period. Watershed Asset Management L.L.C. lifted its position in shares of EverQuote by 64.9% during the first quarter. Watershed Asset Management L.L.C. now owns 28,241 shares of the company's stock worth $435,000 after purchasing an additional 11,112 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of EverQuote by 47.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company's stock worth $13,412,000 after purchasing an additional 293,160 shares during the last quarter. Finally, Sigma Planning Corp boosted its stake in shares of EverQuote by 11.9% during the first quarter. Sigma Planning Corp now owns 10,560 shares of the company's stock valued at $163,000 after purchasing an additional 1,125 shares during the period. 91.54% of the stock is owned by institutional investors.
EverQuote Company Profile
(
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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