Boston Partners Takes $3.67 Million Position in EverQuote, Inc. (NASDAQ:EVER)

Boston Partners acquired a new stake in EverQuote, Inc. (NASDAQ:EVER - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 183,508 shares of the company's stock, valued at approximately $3,668,000. Boston Partners owned about 0.52% of EverQuote as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EVER. R Squared Ltd acquired a new position in EverQuote during the fourth quarter valued at approximately $34,000. Quarry LP boosted its holdings in shares of EverQuote by 100.7% in the 3rd quarter. Quarry LP now owns 2,894 shares of the company's stock valued at $61,000 after buying an additional 1,452 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of EverQuote by 115.1% in the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company's stock valued at $74,000 after buying an additional 1,874 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in EverQuote by 80.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock worth $90,000 after buying an additional 2,042 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in EverQuote during the third quarter worth $158,000. Institutional investors own 91.54% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on EVER. Needham & Company LLC increased their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Raymond James raised EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price target on the stock in a research report on Thursday, December 26th. Canaccord Genuity Group cut their price objective on EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. increased their price target on EverQuote from $25.00 to $29.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $32.33.

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EverQuote Stock Performance

Shares of NASDAQ EVER traded down $1.75 during mid-day trading on Wednesday, reaching $27.96. The company had a trading volume of 633,966 shares, compared to its average volume of 517,994. The firm has a market cap of $998.84 million, a price-to-earnings ratio of 82.24 and a beta of 1.01. The business's 50-day simple moving average is $23.06 and its 200 day simple moving average is $20.68. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03.

EverQuote (NASDAQ:EVER - Get Free Report) last issued its earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.15 by $0.18. The company had revenue of $147.46 million during the quarter, compared to analysts' expectations of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. On average, sell-side analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Jon Ayotte sold 7,647 shares of EverQuote stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $25.72, for a total transaction of $196,680.84. Following the sale, the chief accounting officer now directly owns 58,045 shares of the company's stock, valued at approximately $1,492,917.40. The trade was a 11.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David B. Blundin sold 8,746 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $28.75, for a total transaction of $251,447.50. Following the transaction, the director now owns 89,174 shares of the company's stock, valued at approximately $2,563,752.50. This represents a 8.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 209,796 shares of company stock worth $5,550,784 over the last three months. Insiders own 29.79% of the company's stock.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.