ExodusPoint Capital Management LP Cuts Holdings in EverQuote, Inc. (NASDAQ:EVER)

ExodusPoint Capital Management LP lowered its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 36.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,917 shares of the company's stock after selling 21,876 shares during the period. ExodusPoint Capital Management LP owned about 0.11% of EverQuote worth $778,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of EverQuote by 3,022.8% in the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company's stock valued at $8,133,000 after acquiring an additional 373,280 shares in the last quarter. Boston Partners bought a new stake in shares of EverQuote during the 4th quarter worth $3,668,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of EverQuote by 255.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company's stock worth $5,072,000 after buying an additional 172,785 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in EverQuote by 32.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company's stock valued at $13,076,000 after buying an additional 161,426 shares during the period. Finally, Schroder Investment Management Group purchased a new stake in EverQuote during the fourth quarter worth about $2,657,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at EverQuote

In related news, Director David B. Blundin sold 77,600 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $28.67, for a total transaction of $2,224,792.00. Following the sale, the director now owns 97,920 shares of the company's stock, valued at $2,807,366.40. The trade was a 44.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $28.75, for a total value of $29,382.50. Following the completion of the sale, the insider now directly owns 3,498,667 shares in the company, valued at approximately $100,586,676.25. This represents a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 181,607 shares of company stock worth $5,011,502. 29.79% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EVER. Raymond James upgraded shares of EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price target for the company in a research note on Thursday, December 26th. JPMorgan Chase & Co. upped their price target on EverQuote from $25.00 to $29.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Needham & Company LLC lifted their price objective on EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group dropped 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. 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, EverQuote presently has a consensus rating of "Buy" and an average price target of $32.33.

EverQuote Trading Up 3.4 %

Shares of NASDAQ:EVER traded up $0.72 on Wednesday, reaching $21.75. 98,093 shares of the company traded hands, compared to its average volume of 542,381. The stock has a market capitalization of $776.82 million, a P/E ratio of 63.93 and a beta of 0.77. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03. The business's 50-day simple moving average is $24.29 and its 200 day simple moving average is $20.89.

EverQuote (NASDAQ:EVER - Get Free Report) last issued 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. The company had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. Sell-side analysts expect that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

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.