Ieq Capital LLC acquired a new position in EverQuote, Inc. (NASDAQ:EVER - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 17,051 shares of the company's stock, valued at approximately $341,000.
Several other hedge funds have also recently made changes to their positions in EVER. Gladius Capital Management LP bought a new stake in EverQuote in the third quarter valued at $26,000. R Squared Ltd bought a new stake in shares of EverQuote during the 4th quarter valued at about $34,000. Quarry LP increased its position in shares of EverQuote by 100.7% during the third quarter. Quarry LP now owns 2,894 shares of the company's stock valued at $61,000 after buying an additional 1,452 shares during the period. Quantbot Technologies LP raised 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 buying an additional 1,874 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in EverQuote by 80.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock worth $90,000 after buying an additional 2,042 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have recently issued reports on EVER shares. Canaccord Genuity Group decreased their target price on EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, February 24th. B. Riley decreased their price objective on EverQuote from $36.50 to $29.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective 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 upped their target price on shares of EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Finally, 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. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, EverQuote currently has a consensus rating of "Buy" and an average target price of $32.33.
Check Out Our Latest Report on EVER
Insider Buying and Selling
In other EverQuote news, Director John L. Shields sold 2,000 shares of the business's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $20.00, for a total value of $40,000.00. Following the completion of the transaction, the director now owns 28,515 shares of the company's stock, valued at approximately $570,300. The trade was a 6.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jon Ayotte sold 7,647 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $25.72, for a total transaction of $196,680.84. Following the sale, the chief accounting officer now directly owns 58,045 shares in the company, valued at approximately $1,492,917.40. The trade was a 11.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,453 shares of company stock worth $1,459,054 in the last three months. Insiders own 29.79% of the company's stock.
EverQuote Stock Down 5.3 %
Shares of NASDAQ:EVER traded down $1.44 on Monday, hitting $25.44. 584,052 shares of the company traded hands, compared to its average volume of 536,437. The stock has a 50 day simple moving average of $20.44 and a 200-day simple moving average of $20.18. The company has a market cap of $899.44 million, a PE ratio of 74.83 and a beta of 0.96. EverQuote, Inc. has a 52 week low of $14.28 and a 52 week high of $28.09.
EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.18. The business had revenue of $147.46 million during the quarter, compared to analyst estimates of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. As a group, sell-side analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current year.
About EverQuote
(
Free Report)
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.
Further Reading
Before you consider EverQuote, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EverQuote wasn't on the list.
While EverQuote currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
