Marshall Wace LLP Sells 282,909 Shares of EverQuote, Inc. (NASDAQ:EVER)

Marshall Wace LLP trimmed its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 32.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 577,221 shares of the company's stock after selling 282,909 shares during the quarter. Marshall Wace LLP owned 1.63% of EverQuote worth $11,539,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of EverQuote during the fourth quarter valued at about $34,000. Asset Management One Co. Ltd. raised its position in EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock valued at $90,000 after purchasing an additional 2,042 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in EverQuote during the 4th quarter valued at approximately $90,000. AlphaQuest LLC lifted its holdings in EverQuote by 53.9% in the 4th quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock worth $154,000 after buying an additional 2,698 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of EverQuote in the 4th quarter worth approximately $205,000. 91.54% of the stock is currently owned by institutional investors.

EverQuote Trading Up 0.7 %

NASDAQ EVER traded up $0.16 on Friday, reaching $23.37. 354,609 shares of the stock were exchanged, compared to its average volume of 546,027. The firm has a market capitalization of $834.87 million, a PE ratio of 68.74 and a beta of 0.77. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03. The company's 50-day simple moving average is $24.42 and its two-hundred day simple moving average is $20.98.

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

Wall Street Analyst Weigh In

EVER has been the subject of several research reports. Canaccord Genuity Group decreased 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. Needham & Company LLC increased their price target on shares of EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Raymond James upgraded shares of EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price objective for the company in a report on Thursday, December 26th. Finally, JPMorgan Chase & Co. upped their target price on EverQuote from $25.00 to $29.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $32.33.

Insider Buying and Selling

In other EverQuote news, major shareholder Ventures Lllp Link sold 1,022 shares of EverQuote stock in a transaction 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 sale, the insider now directly owns 3,498,667 shares in the company, valued at approximately $100,586,676.25. The trade was a 0.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jayme Mendal sold 14,360 shares of the business's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $21.36, for a total transaction of $306,729.60. Following the completion of the sale, the chief executive officer now owns 587,509 shares in the company, valued at approximately $12,549,192.24. The trade was a 2.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 195,967 shares of company stock valued at $5,318,231. Corporate insiders own 29.79% of the company's stock.

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.