EverQuote, Inc. (NASDAQ:EVER) is Toronado Partners LLC's 6th Largest Position

Toronado Partners LLC grew its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 59.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 718,774 shares of the company's stock after acquiring an additional 268,670 shares during the period. EverQuote comprises approximately 9.1% of Toronado Partners LLC's investment portfolio, making the stock its 6th biggest position. Toronado Partners LLC owned approximately 2.03% of EverQuote worth $14,368,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in EverQuote by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company's stock worth $40,314,000 after acquiring an additional 24,347 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of EverQuote by 32.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company's stock valued at $13,076,000 after purchasing an additional 161,426 shares during the period. Geode Capital Management LLC increased its stake in shares of EverQuote by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 600,365 shares of the company's stock worth $12,004,000 after purchasing an additional 5,210 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of EverQuote by 32.9% during the 4th quarter. Renaissance Technologies LLC now owns 469,087 shares of the company's stock worth $9,377,000 after purchasing an additional 116,100 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in EverQuote by 3,022.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company's stock valued at $8,133,000 after buying an additional 373,280 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

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EverQuote Trading Up 2.5 %

NASDAQ:EVER traded up $0.52 during trading hours on Tuesday, hitting $21.03. The company had a trading volume of 651,344 shares, compared to its average volume of 544,124. 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 $751.28 million, a P/E ratio of 61.85 and a beta of 0.77. The company has a 50-day moving average of $24.31 and a 200 day moving average of $20.89.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $133.83 million. On average, analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Insider Activity at EverQuote

In other EverQuote news, 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 value of $29,382.50. Following the transaction, the insider now owns 3,498,667 shares of the company's stock, valued at $100,586,676.25. This represents a 0.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David B. Blundin sold 8,746 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $28.75, for a total transaction of $251,447.50. Following the transaction, the director now directly owns 89,174 shares of the company's stock, valued at approximately $2,563,752.50. This trade represents a 8.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 181,607 shares of company stock worth $5,011,502. Insiders own 29.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on EverQuote from $25.00 to $29.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Raymond James upgraded EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price target for the company in a research report on Thursday, December 26th. Needham & Company LLC raised their price objective on EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group reduced their target price on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $32.33.

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.