Franklin Resources Inc. Buys 31,644 Shares of EverQuote, Inc. (NASDAQ:EVER)

Franklin Resources Inc. increased its holdings in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 116.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,781 shares of the company's stock after acquiring an additional 31,644 shares during the period. Franklin Resources Inc. owned about 0.17% of EverQuote worth $1,147,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gladius Capital Management LP bought a new stake in shares of EverQuote during the third quarter worth $26,000. Quarry LP grew its holdings in EverQuote by 215.5% during the 2nd quarter. Quarry LP now owns 1,442 shares of the company's stock worth $30,000 after acquiring an additional 985 shares during the last quarter. nVerses Capital LLC acquired a new stake in EverQuote in the 2nd quarter valued at about $35,000. Quantbot Technologies LP raised its stake 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 acquiring an additional 1,874 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of EverQuote in the second quarter worth about $76,000. 91.54% of the stock is owned by institutional investors and hedge funds.

EverQuote Stock Performance

EVER traded down $0.43 during trading on Friday, reaching $19.68. 648,949 shares of the company's stock were exchanged, compared to its average volume of 473,999. The company's fifty day moving average price is $18.53 and its 200-day moving average price is $20.77. The firm has a market capitalization of $695.71 million, a PE ratio of 57.88 and a beta of 0.96. EverQuote, Inc. has a fifty-two week low of $10.21 and a fifty-two week high of $28.09.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.09. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The business had revenue of $144.53 million during the quarter, compared to analysts' expectations of $140.30 million. During the same period in the previous year, the firm earned ($0.40) earnings per share. The firm's quarterly revenue was up 162.7% compared to the same quarter last year. Research analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Activity at EverQuote

In other EverQuote news, CTO David Brainard sold 1,641 shares of EverQuote stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02. Following the transaction, the chief technology officer now directly owns 155,491 shares in the company, valued at approximately $3,144,028.02. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director George R. Neble sold 2,500 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the sale, the director now owns 54,970 shares of the company's stock, valued at $1,067,517.40. This trade represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,306 shares of company stock worth $443,260 in the last ninety days. Company insiders own 29.79% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on EVER shares. 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. B. Riley lowered their target price on EverQuote from $36.50 to $29.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. cut their price target on EverQuote from $34.00 to $28.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $32.17.

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.