Key Points
- EverQuote CTO David Brainard sold 2,334 shares at an average price of $19.48, totaling $45,466.32, reducing his ownership by 1.5% to 152,804 shares. He also reported additional sales of 2,626 shares in October and 1,097 shares in August.
- EverQuote’s latest quarterly results exceeded expectations, with EPS of $0.53 versus a $0.52 estimate and revenue of $195.09 million, up 24.6% year over year.
- Analysts maintain a generally positive outlook, with six Buy ratings and two Holds, a consensus “Moderate Buy” rating, and an average price target of $28.17. Institutional investors own 91.54% of the company.
EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CTO David Brainard sold 2,334 shares of the stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $19.48, for a total value of $45,466.32. Following the completion of the transaction, the chief technology officer owned 152,804 shares of the company's stock, valued at $2,976,621.92. This represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
David Brainard also recently made the following trade(s):
- On Thursday, October 8th, David Brainard sold 2,626 shares of EverQuote stock. The shares were sold at an average price of $19.90, for a total value of $52,257.40.
- On Tuesday, August 25th, David Brainard sold 1,097 shares of EverQuote stock. The stock was sold at an average price of $26.47, for a total value of $29,037.59.
EverQuote Price Performance
EverQuote stock opened at $20.74 on Friday. The business has a 50 day moving average of $23.22 and a 200-day moving average of $21.10. The company has a market capitalization of $747.26 million, a P/E ratio of 6.73 and a beta of 0.68. EverQuote, Inc. has a 1 year low of $13.88 and a 1 year high of $28.73.
EverQuote (NASDAQ:EVER - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The business had revenue of $195.09 million for the quarter, compared to the consensus estimate of $191.06 million. During the same period last year, the company earned $0.39 EPS. The firm's revenue was up 24.6% compared to the same quarter last year. Equities analysts anticipate that EverQuote, Inc. will post 1.72 EPS for the current year.
Wall Street Analysts Forecast Growth
EVER has been the topic of a number of recent research reports. Zacks Research upgraded shares of EverQuote from a "strong sell" rating to a "hold" rating in a report on Friday, October 2nd. Raymond James Financial restated an "outperform" rating and issued a $28.00 price objective on shares of EverQuote in a report on Thursday, August 13th. Wall Street Zen lowered EverQuote from a "buy" rating to a "hold" rating in a research report on Sunday, September 20th. Needham & Company LLC lifted their target price on EverQuote from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. initiated coverage on EverQuote in a research report on Monday, August 24th. They issued an "overweight" rating and a $29.00 price target on the stock. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $28.17.
Read Our Latest Report on EverQuote
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in shares of EverQuote by 28.9% in the 1st quarter. Renaissance Technologies LLC now owns 941,467 shares of the company's stock worth $14,517,000 after purchasing an additional 211,360 shares during the period. Allspring Global Investments Holdings LLC increased 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 buying an additional 293,160 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of EverQuote by 1.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 743,869 shares of the company's stock worth $11,470,000 after buying an additional 13,276 shares during the period. Dimensional Fund Advisors LP raised its stake in EverQuote by 37.7% during the first quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company's stock worth $10,728,000 after buying an additional 190,438 shares during the last quarter. Finally, Jacobs Asset Management LLC raised its stake in EverQuote by 199.9% during the first quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company's stock worth $6,219,000 after buying an additional 268,819 shares during the last quarter. Institutional investors own 91.54% of the company's stock.
EverQuote Company Profile
(
Get Free Report)
EverQuote, Inc operates an online marketplace that helps consumers compare insurance options and connect with insurance providers. Its platform uses data, digital marketing and technology to match consumers seeking coverage with insurers and other insurance-related providers.
The company has primarily focused on auto insurance, while also supporting shopping and customer acquisition activities for additional property and casualty insurance products, including home and renters coverage.
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