Donaldson Capital Management LLC Makes New $982,000 Investment in EverQuote, Inc. (NASDAQ:EVER)

Donaldson Capital Management LLC purchased a new position in EverQuote, Inc. (NASDAQ:EVER - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 49,101 shares of the company's stock, valued at approximately $982,000. Donaldson Capital Management LLC owned approximately 0.14% of EverQuote at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EVER. Los Angeles Capital Management LLC bought a new position in shares of EverQuote during the 3rd quarter valued at $1,223,000. Versor Investments LP bought a new position in shares of EverQuote during the 3rd quarter valued at $327,000. Victory Capital Management Inc. grew its holdings in shares of EverQuote by 97.3% during the 3rd quarter. Victory Capital Management Inc. now owns 29,019 shares of the company's stock valued at $612,000 after purchasing an additional 14,311 shares during the last quarter. Empower Advisory Group LLC bought a new position in shares of EverQuote during the 3rd quarter valued at $262,000. Finally, Gladius Capital Management LP bought a new position in shares of EverQuote during the 3rd quarter valued at $26,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

Analyst Upgrades and Downgrades

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

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EverQuote Trading Up 3.2 %

NASDAQ:EVER opened at $25.23 on Wednesday. The company has a 50-day moving average price of $21.35 and a 200-day moving average price of $20.36. EverQuote, Inc. has a 12 month low of $16.63 and a 12 month high of $28.09. The stock has a market cap of $901.32 million, a price-to-earnings ratio of 74.21 and a beta of 1.01.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, topping 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. Equities analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Insider Transactions at EverQuote

In related news, CTO David Brainard sold 14,590 shares of EverQuote stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $17.44, for a total transaction of $254,449.60. Following the completion of the transaction, the chief technology officer now directly owns 137,291 shares of the company's stock, valued at $2,394,355.04. This trade represents a 9.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Jon Ayotte sold 7,647 shares of EverQuote stock in a transaction dated 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. This trade represents a 11.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,453 shares of company stock valued at $1,459,054. Company insiders own 29.79% of the company's stock.

About EverQuote

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.

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