Barclays PLC Buys 39,160 Shares of EverQuote, Inc. (NASDAQ:EVER)

Barclays PLC lifted its stake in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 331.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,983 shares of the company's stock after acquiring an additional 39,160 shares during the quarter. Barclays PLC owned about 0.15% of EverQuote worth $1,076,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust boosted its position in shares of EverQuote by 572.1% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company's stock valued at $10,631,000 after purchasing an additional 429,084 shares in the last quarter. Emerald Advisers LLC boosted its holdings in EverQuote by 165.8% during the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company's stock worth $13,498,000 after buying an additional 399,257 shares in the last quarter. Renaissance Technologies LLC grew its position in EverQuote by 331.9% in the second quarter. Renaissance Technologies LLC now owns 293,708 shares of the company's stock worth $6,127,000 after buying an additional 225,700 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in EverQuote by 335.2% in the second quarter. Cubist Systematic Strategies LLC now owns 265,944 shares of the company's stock worth $5,548,000 after buying an additional 204,835 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of EverQuote by 62.6% in the second quarter. Acadian Asset Management LLC now owns 517,331 shares of the company's stock valued at $10,786,000 after buying an additional 199,187 shares in the last quarter. Institutional investors own 91.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EVER shares. Raymond James raised EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price objective for the company in a research note on Thursday, December 26th. JPMorgan Chase & Co. decreased their price target on EverQuote from $34.00 to $28.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. Finally, B. Riley dropped their price target on EverQuote from $36.50 to $29.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $32.17.

EverQuote Stock Up 1.5 %

Shares of EVER traded up $0.30 during mid-day trading on Tuesday, reaching $19.99. The company's stock had a trading volume of 343,097 shares, compared to its average volume of 473,438. The company has a market cap of $706.67 million, a price-to-earnings ratio of 58.79 and a beta of 0.96. The business has a fifty day moving average of $18.57 and a 200 day moving average of $20.78. EverQuote, Inc. has a 1 year low of $10.21 and a 1 year high of $28.09.

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

Insider Transactions at EverQuote

In other news, Director George R. Neble sold 2,500 shares of the company's stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the transaction, the director now directly owns 54,970 shares of the company's stock, valued at approximately $1,067,517.40. This represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO David Brainard sold 14,590 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $17.44, for a total value of $254,449.60. Following the sale, the chief technology officer now owns 137,291 shares of the company's stock, valued at approximately $2,394,355.04. This represents a 9.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,554 shares of company stock valued at $1,026,172 over the last three months. 29.79% of the stock is owned by corporate insiders.

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.