Key Points
- EverQuote CTO David Brainard sold 1,097 shares at an average price of $26.47, generating $29,037.59 and reducing his direct stake by 0.67% to 163,030 shares.
- EverQuote reported quarterly EPS of $0.53 and revenue of $195.09 million, surpassing analyst estimates; revenue increased 24.6% year over year, with analysts forecasting full-year EPS of $1.72.
- The stock opened at $24.82, down 4.8%, while institutional investors own 91.54% of shares. Analysts maintain a “Moderate Buy” consensus with an average price target of $28.17, despite ratings ranging from “Strong Sell” to “Buy.”
EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CTO David Brainard sold 1,097 shares of the business's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $26.47, for a total value of $29,037.59. Following the completion of the transaction, the chief technology officer directly owned 163,030 shares of the company's stock, valued at approximately $4,315,404.10. This trade represents a 0.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
David Brainard also recently made the following trade(s):
- On Monday, July 6th, David Brainard sold 4,960 shares of EverQuote stock. The stock was sold at an average price of $25.51, for a total transaction of $126,529.60.
EverQuote Stock Down 4.8%
EVER stock opened at $24.82 on Friday. EverQuote, Inc. has a 12 month low of $13.88 and a 12 month high of $28.73. The firm has a market cap of $894.26 million, a P/E ratio of 8.06 and a beta of 0.62. The company's 50-day moving average price is $24.74 and its two-hundred day moving average price is $19.76.
EverQuote (NASDAQ:EVER - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. The company had revenue of $195.09 million during the quarter, compared to analysts' expectations of $191.06 million. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The business's revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 EPS. Equities analysts predict that EverQuote, Inc. will post 1.72 EPS for the current year.
Hedge Funds Weigh In On EverQuote
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in EverQuote by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 2,221,494 shares of the company's stock valued at $59,980,000 after purchasing an additional 20,156 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of EverQuote by 28.9% during the first quarter. Renaissance Technologies LLC now owns 941,467 shares of the company's stock worth $14,517,000 after buying an additional 211,360 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings 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 buying an additional 293,160 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of EverQuote by 81.7% during the fourth quarter. Lazard Asset Management LLC now owns 901,207 shares of the company's stock worth $24,333,000 after buying an additional 405,237 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of EverQuote by 27.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 875,702 shares of the company's stock valued at $23,644,000 after acquiring an additional 188,335 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. Wall Street Zen cut EverQuote from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. began coverage on EverQuote in a research note on Monday. They issued an "overweight" rating and a $29.00 price target on the stock. Weiss Ratings raised EverQuote from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday. Zacks Research downgraded EverQuote from a "hold" rating to a "strong sell" rating in a research report on Friday, August 7th. Finally, Needham & Company LLC raised their price objective on EverQuote from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $28.17.
Check Out Our Latest Stock Report on EverQuote
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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