Aigen Investment Management LP Takes $249,000 Position in EverQuote, Inc. (NASDAQ:EVER)

Aigen Investment Management LP bought a new position in EverQuote, Inc. (NASDAQ:EVER - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,455 shares of the company's stock, valued at approximately $249,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gladius Capital Management LP acquired a new stake in EverQuote in the third quarter valued at $26,000. Rhumbline Advisers lifted its stake in shares of EverQuote by 4.0% during the 4th quarter. Rhumbline Advisers now owns 34,899 shares of the company's stock worth $698,000 after purchasing an additional 1,332 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of EverQuote by 19.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company's stock worth $177,000 after purchasing an additional 1,363 shares during the last quarter. Quarry LP grew its position in shares of EverQuote by 100.7% in the third quarter. Quarry LP now owns 2,894 shares of the company's stock valued at $61,000 after purchasing an additional 1,452 shares during the period. Finally, R Squared Ltd acquired a new position in EverQuote in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

Insider Transactions at EverQuote

In related news, CAO Jon Ayotte sold 7,647 shares of the business's 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO David Brainard sold 29,248 shares of EverQuote stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $19.93, for a total value of $582,912.64. Following the sale, the chief technology officer now directly owns 116,212 shares of the company's stock, valued at approximately $2,316,105.16. The trade was a 20.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 71,453 shares of company stock valued at $1,459,054. Company insiders own 29.79% of the company's stock.

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Analyst Ratings Changes

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

EverQuote Stock Up 3.5 %

Shares of EVER traded up $0.86 during midday trading on Tuesday, hitting $25.31. The company had a trading volume of 288,127 shares, compared to its average volume of 503,529. The stock has a market cap of $904.17 million, a price-to-earnings ratio of 74.01 and a beta of 1.01. EverQuote, Inc. has a 52 week low of $16.52 and a 52 week high of $28.09. The company's 50 day moving average price is $21.24 and its 200 day moving average price is $20.34.

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

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.