Key Points
- EverQuote CTO David Brainard sold shares again, disposing of 581 shares on May 27 at an average price of $19.90 for about $11,562. This follows additional recent sales on May 26 and May 5.
- EverQuote beat quarterly expectations, reporting EPS of $0.51 versus the $0.43 consensus and revenue of $190.85 million versus $180.10 million expected. Revenue rose 14.6% year over year.
- Analyst sentiment remains mixed but positive overall, with six Buy ratings and two Hold ratings, giving the stock a consensus Moderate Buy and a price target of $24.17.
EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CTO David Brainard sold 581 shares of EverQuote stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $19.90, for a total transaction of $11,561.90. Following the transaction, the chief technology officer directly owned 178,187 shares in the company, valued at $3,545,921.30. This represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
David Brainard also recently made the following trade(s):
- On Tuesday, May 26th, David Brainard sold 516 shares of EverQuote stock. The stock was sold at an average price of $18.69, for a total transaction of $9,644.04.
- On Tuesday, May 5th, David Brainard sold 9,942 shares of EverQuote stock. The stock was sold at an average price of $19.42, for a total transaction of $193,073.64.
EverQuote Stock Performance
Shares of NASDAQ:EVER opened at $18.89 on Friday. The company's 50-day moving average is $16.98 and its 200 day moving average is $20.54. The company has a market capitalization of $680.61 million, a P/E ratio of 6.43 and a beta of 0.56. EverQuote, Inc. has a fifty-two week low of $13.88 and a fifty-two week high of $28.73.
EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.08. The company had revenue of $190.85 million for the quarter, compared to the consensus estimate of $180.10 million. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The firm's quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. As a group, research analysts predict that EverQuote, Inc. will post 2.06 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on EVER shares. Raymond James Financial reissued an "outperform" rating and issued a $18.00 price target on shares of EverQuote in a report on Tuesday, February 17th. Weiss Ratings raised shares of EverQuote from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, May 15th. Wall Street Zen downgraded shares of EverQuote from a "buy" rating to a "hold" rating in a report on Saturday, May 23rd. Craig Hallum reissued a "buy" rating and issued a $20.00 price target on shares of EverQuote in a report on Tuesday, February 24th. Finally, B. Riley Financial cut their price target on shares of EverQuote from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Tuesday, February 24th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, EverQuote has a consensus rating of "Moderate Buy" and a consensus price target of $24.17.
View Our Latest Stock Report on EverQuote
Institutional Investors Weigh In On EverQuote
Several institutional investors have recently added to or reduced their stakes in EVER. Comerica Bank lifted its holdings in EverQuote by 235.4% during the third quarter. Comerica Bank now owns 1,100 shares of the company's stock valued at $25,000 after purchasing an additional 772 shares during the last quarter. Signature Equity Partners LLC lifted its holdings in EverQuote by 65.5% during the first quarter. Signature Equity Partners LLC now owns 2,127 shares of the company's stock valued at $33,000 after purchasing an additional 842 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in EverQuote during the third quarter valued at about $52,000. Clearstead Advisors LLC lifted its holdings in EverQuote by 70.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,997 shares of the company's stock valued at $54,000 after purchasing an additional 826 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in EverQuote by 595.8% during the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company's stock valued at $62,000 after purchasing an additional 2,246 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other 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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