Intech Investment Management LLC Makes New Investment in EverQuote, Inc. (NASDAQ:EVER)

Intech Investment Management LLC bought a new position in EverQuote, Inc. (NASDAQ:EVER - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 11,784 shares of the company's stock, valued at approximately $236,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its stake in shares of EverQuote by 255.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company's stock worth $5,072,000 after buying an additional 172,785 shares during the period. Geode Capital Management LLC increased its holdings in EverQuote by 10.4% in the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company's stock worth $12,554,000 after acquiring an additional 56,114 shares in the last quarter. Counterpoint Mutual Funds LLC lifted its holdings in EverQuote by 74.3% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 38,053 shares of the company's stock valued at $761,000 after purchasing an additional 16,217 shares in the last quarter. Barclays PLC lifted its holdings in EverQuote by 331.2% during the third quarter. Barclays PLC now owns 50,983 shares of the company's stock valued at $1,076,000 after purchasing an additional 39,160 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of EverQuote by 3,022.8% in the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company's stock worth $8,133,000 after purchasing an additional 373,280 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In related news, Director David B. Blundin sold 8,746 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $28.75, for a total value of $251,447.50. Following the completion of the sale, the director now directly owns 89,174 shares of the company's stock, valued at $2,563,752.50. This represents a 8.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $28.75, for a total transaction of $29,382.50. Following the completion of the sale, the insider now owns 3,498,667 shares of the company's stock, valued at approximately $100,586,676.25. This represents a 0.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 180,548 shares of company stock valued at $4,967,872. 29.79% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective 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. Canaccord Genuity Group cut their price objective on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a report on Monday, February 24th. Raymond James raised shares of EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 target price on the stock in a report on Thursday, December 26th. Finally, Needham & Company LLC upped their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $32.33.

EverQuote Trading Down 4.3 %

NASDAQ:EVER traded down $1.21 during midday trading on Friday, hitting $26.88. 936,658 shares of the company traded hands, compared to its average volume of 529,601. The firm has a market capitalization of $960.26 million, a P/E ratio of 79.06 and a beta of 1.01. The firm's fifty day moving average is $23.60 and its 200-day moving average is $20.81. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03.

EverQuote (NASDAQ:EVER - Get Free Report) last released its earnings results on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.18. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The firm had revenue of $147.46 million during the quarter, compared to analyst estimates of $133.83 million. On average, research analysts expect that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

EverQuote Company 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.