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

First Eagle Investment Management LLC cut its holdings in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Gladius Capital Management LP bought a new position in shares of EverQuote during the third quarter valued at approximately $26,000. R Squared Ltd purchased a new position in shares of EverQuote in the 4th quarter valued at $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 worth $61,000 after acquiring an additional 1,452 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of EverQuote by 115.1% during the 3rd 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, Asset Management One Co. Ltd. boosted its position in 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 purchasing an additional 2,042 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.

EverQuote Trading Up 5.4 %

EVER traded up $1.44 on Monday, reaching $28.05. The stock had a trading volume of 1,359,907 shares, compared to its average volume of 498,115. The business's 50-day moving average price is $21.88 and its two-hundred day moving average price is $20.45. The company has a market cap of $1.00 billion, a P/E ratio of 82.50 and a beta of 1.01. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $28.37.

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EverQuote (NASDAQ:EVER - Get Free Report) last posted its earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm had revenue of $147.46 million for the quarter, compared to analysts' expectations of $133.83 million. As a group, analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

EVER has been the subject of several 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 research report on Thursday, December 26th. JPMorgan Chase & Co. increased their target price on shares of 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 upped their price objective on shares of EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group lowered their target price on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $32.33.

Insider Transactions at EverQuote

In other news, CAO Jon Ayotte sold 7,647 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $25.72, for a total value of $196,680.84. Following the completion of the sale, the chief accounting officer now directly owns 58,045 shares in the company, valued at $1,492,917.40. This represents a 11.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO David Brainard sold 2,238 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $26.14, for a total transaction of $58,501.32. Following the completion of the transaction, the chief technology officer now directly owns 153,336 shares in the company, valued at approximately $4,008,203.04. This represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,453 shares of company stock valued at $1,459,054 over the last 90 days. Corporate 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.