Connor Clark & Lunn Investment Management Ltd. Has $2.21 Million Stock Position in EverQuote, Inc. (NASDAQ:EVER)

Connor Clark & Lunn Investment Management Ltd. raised its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 636.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,729 shares of the company's stock after buying an additional 90,500 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.30% of EverQuote worth $2,209,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. nVerses Capital LLC lifted its position in shares of EverQuote by 41.2% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the company's stock worth $51,000 after purchasing an additional 700 shares in the last quarter. Quarry LP lifted its position in shares of EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company's stock worth $30,000 after purchasing an additional 985 shares in the last quarter. CWM LLC lifted its position in shares of EverQuote by 133.2% during the second quarter. CWM LLC now owns 1,861 shares of the company's stock worth $39,000 after purchasing an additional 1,063 shares in the last quarter. Gladius Capital Management LP acquired a new position in shares of EverQuote during the third quarter worth approximately $26,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of EverQuote during the second quarter worth approximately $76,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EverQuote

In other news, Director George R. Neble sold 2,500 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the completion of the sale, the director now owns 54,970 shares of the company's stock, valued at $1,067,517.40. This represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO David Brainard sold 1,641 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02. Following the transaction, the chief technology officer now owns 155,491 shares of the company's stock, valued at $3,144,028.02. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,716 shares of company stock valued at $188,810. Corporate insiders own 29.79% of the company's stock.

EverQuote Stock Performance

NASDAQ:EVER traded up $0.34 during trading hours on Tuesday, hitting $19.67. The stock had a trading volume of 532,416 shares, compared to its average volume of 475,308. EverQuote, Inc. has a one year low of $8.44 and a one year high of $28.09. The company has a market cap of $695.33 million, a price-to-earnings ratio of 56.85 and a beta of 1.06. The business's 50 day moving average is $19.59 and its 200-day moving average is $21.62.

EverQuote (NASDAQ:EVER - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The firm had revenue of $144.53 million during the quarter, compared to the consensus estimate of $140.30 million. During the same quarter in the prior year, the firm earned ($0.40) earnings per share. The business's quarterly revenue was up 162.7% on a year-over-year basis. On average, sell-side analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

EVER has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of EverQuote from $34.00 to $28.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Craig Hallum boosted their price target on shares of EverQuote from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Tuesday, August 6th. B. Riley dropped their price target on shares of EverQuote from $36.50 to $29.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Finally, Needham & Company LLC boosted their price target on shares of EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a research note on Tuesday, August 6th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, EverQuote has an average rating of "Buy" and an average price target of $28.50.

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.