Counterpoint Mutual Funds LLC Raises Position in EverQuote, Inc. (NASDAQ:EVER)

Counterpoint Mutual Funds LLC boosted its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 74.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,053 shares of the company's stock after purchasing an additional 16,217 shares during the quarter. Counterpoint Mutual Funds LLC owned approximately 0.11% of EverQuote worth $761,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Gladius Capital Management LP purchased a new position in shares of EverQuote in the 3rd quarter valued at approximately $26,000. R Squared Ltd purchased a new position in shares of EverQuote in the 4th quarter valued at approximately $34,000. Quarry LP raised its position in shares of EverQuote by 100.7% in the 3rd 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 last quarter. Quantbot Technologies LP raised its position in shares of EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company's stock valued at $74,000 after purchasing an additional 1,874 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of EverQuote by 80.4% during 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. 91.54% of the stock is currently owned by institutional investors.

EverQuote Stock Up 6.1 %

Shares of EVER stock traded up $1.61 during mid-day trading on Wednesday, hitting $28.07. 454,650 shares of the stock were exchanged, compared to its average volume of 506,737. The firm has a fifty day moving average of $22.02 and a 200 day moving average of $20.46. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $28.27. The company has a market cap of $1.00 billion, a PE ratio of 82.46 and a beta of 1.01.

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EverQuote (NASDAQ:EVER - Get Free Report) last posted its earnings results 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. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. Equities analysts predict that EverQuote, Inc. will post 0.72 EPS for the current year.

Insider Activity at EverQuote

In related news, CTO David Brainard sold 3,675 shares of EverQuote stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $19.52, for a total value of $71,736.00. Following the completion of the sale, the chief technology officer now owns 108,244 shares in the company, valued at approximately $2,112,922.88. This trade represents a 3.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jon Ayotte sold 7,647 shares of EverQuote stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $25.72, for a total transaction of $196,680.84. Following the completion of the sale, the chief accounting officer now owns 58,045 shares of the company's stock, valued at $1,492,917.40. This trade represents a 11.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,863 shares of company stock worth $1,204,605. Insiders own 29.79% of the company's stock.

Analysts Set New Price Targets

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