EverQuote, Inc. (NASDAQ:EVER) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its stake in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 32.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 654,152 shares of the company's stock after buying an additional 161,426 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.85% of EverQuote worth $13,076,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EVER. R Squared Ltd bought a new stake in shares of EverQuote in the 4th quarter valued at about $34,000. Quarry LP raised its stake in shares of EverQuote by 100.7% during the 3rd quarter. Quarry LP now owns 2,894 shares of the company's stock worth $61,000 after acquiring an additional 1,452 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company's stock worth $74,000 after acquiring an additional 1,874 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock worth $90,000 after acquiring an additional 2,042 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in EverQuote during the 4th quarter worth approximately $90,000. Institutional investors own 91.54% of the company's stock.

EverQuote Stock Performance

Shares of EVER traded down $0.08 during trading hours on Thursday, hitting $21.58. The stock had a trading volume of 98,398 shares, compared to its average volume of 539,545. The firm has a 50-day moving average price of $24.35 and a 200 day moving average price of $20.90. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03. The firm has a market capitalization of $770.92 million, a price-to-earnings ratio of 63.47 and a beta of 0.77.

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

Analysts Set New Price Targets

Several research firms have weighed in on EVER. 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. boosted their target price 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. Canaccord Genuity Group dropped their target price on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Finally, Needham & Company LLC boosted their target price on shares of EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $32.33.

Insiders Place Their Bets

In other news, Director John L. Shields sold 2,000 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $20.00, for a total value of $40,000.00. Following the completion of the sale, the director now directly owns 28,515 shares in the company, valued at $570,300. This represents a 6.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $28.75, for a total transaction of $29,382.50. Following the completion of the sale, the insider now directly owns 3,498,667 shares of the company's stock, valued at $100,586,676.25. This represents a 0.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 180,857 shares of company stock worth $4,992,367. Company 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.