Integrated Quantitative Investments LLC purchased a new position in EverQuote, Inc. (NASDAQ:EVER - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,871 shares of the company's stock, valued at approximately $297,000.
Several other large investors have also added to or reduced their stakes in EVER. Charles Schwab Investment Management Inc. lifted its position in shares of EverQuote by 255.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company's stock worth $5,072,000 after purchasing an additional 172,785 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. BNP Paribas Financial Markets lifted its holdings in EverQuote by 29.9% in the third quarter. BNP Paribas Financial Markets now owns 19,570 shares of the company's stock worth $413,000 after buying an additional 4,506 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in EverQuote by 19.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company's stock valued at $177,000 after acquiring an additional 1,363 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of EverQuote during the 3rd quarter worth approximately $219,000. Institutional investors own 91.54% of the company's stock.
Insiders Place Their Bets
In related news, major shareholder Ventures Lllp Link sold 1,022 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $28.75, for a total value of $29,382.50. Following the completion of the sale, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO David Brainard sold 4,113 shares of EverQuote stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $22.41, for a total transaction of $92,172.33. Following the transaction, the chief technology officer now directly owns 143,874 shares in the company, valued at $3,224,216.34. This represents a 2.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 179,607 shares of company stock valued at $4,969,642. Company insiders own 29.79% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on EverQuote from $25.00 to $29.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Needham & Company LLC raised their price objective on EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Canaccord Genuity Group reduced their target price on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Finally, 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. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $32.33.
Check Out Our Latest Report on EVER
EverQuote Stock Down 4.4 %
Shares of NASDAQ:EVER traded down $0.94 on Friday, hitting $20.21. 426,446 shares of the company traded hands, compared to its average volume of 543,697. The company has a market cap of $721.98 million, a PE ratio of 59.44 and a beta of 0.77. The stock has a 50 day simple moving average of $24.34 and a 200-day simple moving average of $20.89. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03.
EverQuote (NASDAQ:EVER - Get Free Report) last issued 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 business had revenue of $147.46 million during the quarter, compared to analysts' expectations of $133.83 million. As a group, sell-side analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current year.
EverQuote Company Profile
(
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.
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