EverQuote, Inc. (NASDAQ:EVER) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 47.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 154,372 shares of the company's stock after acquiring an additional 49,643 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.44% of EverQuote worth $3,086,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its stake in 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. Gladius Capital Management LP bought a new stake in EverQuote during the third quarter valued at about $26,000. Charles Schwab Investment Management Inc. raised its holdings in EverQuote by 255.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company's stock valued at $5,072,000 after acquiring an additional 172,785 shares during the period. Quantbot Technologies LP increased its holdings in shares of EverQuote by 115.1% in the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company's stock worth $74,000 after purchasing an additional 1,874 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of EverQuote by 29.9% in the third quarter. BNP Paribas Financial Markets now owns 19,570 shares of the company's stock worth $413,000 after purchasing an additional 4,506 shares during the last quarter. Institutional investors own 91.54% of the company's stock.

Remove Ads

Analysts Set New Price Targets

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

EverQuote Stock Performance

EVER stock traded up $0.66 during midday trading on Friday, reaching $28.71. The stock had a trading volume of 1,098,049 shares, compared to its average volume of 514,137. The stock has a market cap of $1.03 billion, a PE ratio of 84.44 and a beta of 1.01. The firm has a fifty day simple moving average of $22.39 and a two-hundred day simple moving average of $20.57. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $29.00.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. On average, sell-side analysts predict that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Insider Activity

In other EverQuote news, CTO David Brainard sold 2,238 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $26.14, for a total value of $58,501.32. Following the transaction, the chief technology officer now directly owns 153,336 shares of the company's stock, valued at $4,008,203.04. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 sale, the chief accounting officer now directly owns 58,045 shares in the company, valued at approximately $1,492,917.40. The trade was a 11.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,311 shares of company stock worth $1,217,328 in the last ninety days. Company insiders own 29.79% of the company's stock.

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.