Commonwealth Equity Services LLC Buys Shares of 19,229 EverQuote, Inc. (NASDAQ:EVER)

Commonwealth Equity Services LLC acquired a new position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 19,229 shares of the company's stock, valued at approximately $384,000. Commonwealth Equity Services LLC owned about 0.05% of EverQuote as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers increased its holdings in shares of EverQuote by 4.0% in the 4th quarter. Rhumbline Advisers now owns 34,899 shares of the company's stock valued at $698,000 after acquiring an additional 1,332 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in EverQuote by 19.4% during the 3rd 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 increased its stake in 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. R Squared Ltd acquired a new position in EverQuote in the fourth quarter valued at $34,000. Finally, Asset Management One Co. Ltd. raised its holdings in shares of EverQuote by 80.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock valued at $90,000 after buying an additional 2,042 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

EverQuote Price Performance

Shares of EVER stock traded down $0.94 during trading hours on Friday, reaching $20.21. 426,446 shares of the company's stock were exchanged, compared to its average volume of 543,697. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $30.03. The company has a market cap of $721.98 million, a P/E ratio of 59.44 and a beta of 0.77. The company's 50 day moving average is $24.34 and its two-hundred day moving average is $20.89.

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

Analyst Upgrades and Downgrades

EVER has been the topic of several recent research reports. Raymond James upgraded 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. JPMorgan Chase & Co. boosted their target price on EverQuote from $25.00 to $29.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Needham & Company LLC upped their price target on EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Finally, Canaccord Genuity Group lowered their price objective 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. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $32.33.

Insider Activity

In other news, major shareholder Ventures Lllp Link sold 1,022 shares of the business'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 $29,382.50. Following the sale, the insider now owns 3,498,667 shares of the company's stock, valued at $100,586,676.25. The trade was a 0.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Shields sold 2,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the director now directly owns 28,515 shares of the company's stock, valued at $570,300. The trade was a 6.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 179,607 shares of company stock worth $4,969,642 in the last 90 days. 29.79% of the stock is currently owned by corporate insiders.

EverQuote 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.