Massachusetts Financial Services Co. MA Purchases 23,034 Shares of EverQuote, Inc. (NASDAQ:EVER)

Massachusetts Financial Services Co. MA grew its holdings in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 22.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,858 shares of the company's stock after acquiring an additional 23,034 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.35% of EverQuote worth $2,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. R Squared Ltd acquired a new position in EverQuote in the 4th quarter valued at approximately $34,000. Quarry LP increased its holdings in EverQuote by 100.7% in the 3rd 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. KLP Kapitalforvaltning AS acquired a new position in shares of EverQuote in the 4th quarter valued at $90,000. Asset Management One Co. Ltd. lifted its holdings in shares of EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock worth $90,000 after acquiring an additional 2,042 shares during the period. Finally, AlphaQuest LLC lifted its holdings in shares of EverQuote by 53.9% during the 4th quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock worth $154,000 after acquiring an additional 2,698 shares during the period. Institutional investors and hedge funds own 91.54% of the company's stock.

Insiders Place Their Bets

In other EverQuote news, major shareholder Ventures Lllp Link sold 1,022 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $28.75, for a total value of $29,382.50. Following the transaction, the insider now directly owns 3,498,667 shares in the company, valued at approximately $100,586,676.25. This trade represents a 0.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David B. Blundin sold 8,746 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $28.75, for a total value of $251,447.50. Following the sale, the director now owns 89,174 shares of the company's stock, valued at approximately $2,563,752.50. The trade was a 8.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 179,607 shares of company stock valued at $4,969,642 in the last 90 days. 29.79% of the stock is currently owned by insiders.

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EverQuote Price Performance

Shares of EVER traded up $0.18 on Monday, hitting $20.39. The company's stock had a trading volume of 41,627 shares, compared to its average volume of 541,929. The company has a 50 day moving average price of $24.34 and a 200 day moving average price of $20.89. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03. The company has a market capitalization of $728.23 million, a PE ratio of 59.96 and a beta of 0.77.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. On average, equities analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current year.

Wall Street Analyst Weigh In

EVER has been the subject of several recent research reports. Canaccord Genuity Group dropped their price target on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. increased 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. Needham & Company LLC boosted their price target on EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Finally, Raymond James upgraded EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price objective for the company in a research note on Thursday, December 26th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, EverQuote presently has a consensus rating of "Buy" and a consensus target price of $32.33.

EverQuote 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.