First Eagle Investment Management LLC Cuts Stock Position in EverQuote, Inc. (NASDAQ:EVER)

First Eagle Investment Management LLC trimmed its position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 292,357 shares of the company's stock after selling 21,665 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.83% of EverQuote worth $5,844,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC purchased a new stake in EverQuote in the 4th quarter worth $384,000. Swiss National Bank increased its holdings in EverQuote by 15.6% in the 4th quarter. Swiss National Bank now owns 52,600 shares of the company's stock worth $1,051,000 after acquiring an additional 7,100 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in EverQuote by 47.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 154,372 shares of the company's stock worth $3,086,000 after acquiring an additional 49,643 shares in the last quarter. Donaldson Capital Management LLC purchased a new stake in EverQuote in the 4th quarter worth $982,000. Finally, AlphaQuest LLC increased its holdings in EverQuote by 53.9% in the 4th quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock worth $154,000 after acquiring an additional 2,698 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EVER has been the subject of several recent analyst reports. Raymond James raised shares of EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price target for the company in a report on Thursday, December 26th. Needham & Company LLC lifted their target price 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 shares of EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of EverQuote from $25.00 to $29.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, EverQuote has a consensus rating of "Buy" and a consensus target price of $32.33.

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Insider Activity

In related news, CTO David Brainard sold 29,248 shares of the business's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $19.93, for a total value of $582,912.64. Following the sale, the chief technology officer now directly owns 116,212 shares in the company, valued at approximately $2,316,105.16. The trade was a 20.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Shields sold 2,000 shares of the business's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $20.00, for a total transaction of $40,000.00. Following the completion of the sale, the director now owns 28,515 shares in the company, valued at approximately $570,300. This trade represents a 6.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,863 shares of company stock valued at $1,204,605. 29.79% of the stock is currently owned by insiders.

EverQuote Trading Down 5.6 %

EVER traded down $1.57 on Tuesday, hitting $26.49. 705,156 shares of the company's stock were exchanged, compared to its average volume of 553,485. The firm has a 50-day moving average price of $21.88 and a 200-day moving average price of $20.45. The stock has a market cap of $946.15 million, a price-to-earnings ratio of 77.93 and a beta of 1.01. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $28.27.

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, beating the consensus estimate of $0.15 by $0.18. The firm had revenue of $147.46 million for the quarter, compared to analysts' expectations of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. On average, equities analysts predict that EverQuote, Inc. will post 0.72 EPS for the current year.

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.