Geode Capital Management LLC Raises Position in EverQuote, Inc. (NASDAQ:EVER)

Geode Capital Management LLC increased its holdings in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 10.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 595,155 shares of the company's stock after buying an additional 56,114 shares during the period. Geode Capital Management LLC owned about 1.70% of EverQuote worth $12,554,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new stake in EverQuote in the 3rd quarter valued at about $26,000. Quarry LP raised its holdings in EverQuote by 215.5% in the second quarter. Quarry LP now owns 1,442 shares of the company's stock valued at $30,000 after acquiring an additional 985 shares in the last quarter. nVerses Capital LLC purchased a new position in EverQuote in the second quarter worth approximately $35,000. Quantbot Technologies LP lifted its stake in 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. acquired a new position in EverQuote during the 2nd quarter worth approximately $76,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EverQuote

In related news, CTO David Brainard sold 1,641 shares of the firm's 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 owns 155,491 shares of the company's stock, valued at $3,144,028.02. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director George R. Neble sold 2,500 shares of the business's stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the transaction, the director now owns 54,970 shares in the company, valued at $1,067,517.40. This trade represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,554 shares of company stock worth $1,026,172. 29.79% of the stock is owned by insiders.

EverQuote Stock Up 1.5 %

EVER traded up $0.30 on Tuesday, reaching $19.99. The company had a trading volume of 343,097 shares, compared to its average volume of 473,438. EverQuote, Inc. has a 1 year low of $10.21 and a 1 year high of $28.09. The stock has a market capitalization of $706.67 million, a PE ratio of 58.79 and a beta of 0.96. The stock has a 50-day moving average price of $18.57 and a 200-day moving average price of $20.78.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on EVER. Raymond James upgraded shares of EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price objective on the stock in a report on Thursday, December 26th. 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. Finally, B. Riley decreased their price target on EverQuote from $36.50 to $29.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus 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.