EverQuote, Inc. (NASDAQ:EVER) Shares Acquired by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC boosted its holdings in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 16.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 216,694 shares of the company's stock after purchasing an additional 30,619 shares during the period. Essex Investment Management Co. LLC owned approximately 0.62% of EverQuote worth $4,570,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP grew its position in EverQuote by 215.5% during the 2nd quarter. Quarry LP now owns 1,442 shares of the company's stock worth $30,000 after purchasing an additional 985 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of EverQuote in the 2nd quarter worth $35,000. CWM LLC lifted its stake in shares of EverQuote by 133.2% in the 2nd quarter. CWM LLC now owns 1,861 shares of the company's stock worth $39,000 after acquiring an additional 1,063 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of EverQuote in the 2nd quarter worth $76,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of EverQuote in the 2nd quarter worth $147,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at EverQuote

In other EverQuote news, Director George R. Neble sold 2,500 shares of EverQuote stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the transaction, the director now directly owns 54,970 shares of the company's stock, valued at $1,067,517.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other EverQuote news, Director George R. Neble sold 2,500 shares of EverQuote stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the transaction, the director now directly owns 54,970 shares of the company's stock, valued at $1,067,517.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO David Brainard sold 1,641 shares of EverQuote stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total transaction of $33,181.02. Following the transaction, the chief technology officer now directly owns 155,491 shares in the company, valued at approximately $3,144,028.02. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 109,529 shares of company stock worth $2,834,553. 29.79% of the stock is owned by company insiders.

EverQuote Trading Up 2.0 %

Shares of NASDAQ EVER traded up $0.39 during midday trading on Friday, reaching $20.04. 498,524 shares of the stock were exchanged, compared to its average volume of 457,001. The company has a market capitalization of $703.00 million, a P/E ratio of -23.86 and a beta of 1.04. EverQuote, Inc. has a 52-week low of $6.64 and a 52-week high of $28.09. The stock has a 50 day moving average price of $21.98 and a 200-day moving average price of $21.85.

EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.14. EverQuote had a negative net margin of 8.55% and a negative return on equity of 13.24%. The business had revenue of $117.14 million during the quarter, compared to the consensus estimate of $102.81 million. During the same period in the previous year, the firm posted ($0.31) earnings per share. The company's quarterly revenue was up 72.3% compared to the same quarter last year. On average, analysts forecast that EverQuote, Inc. will post 0.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EVER shares. JPMorgan Chase & Co. raised their target price on shares of EverQuote from $29.00 to $34.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 6th. Needham & Company LLC raised their price objective on shares of EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a research note on Tuesday, August 6th. Finally, Craig Hallum raised their price objective on shares of EverQuote from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, EverQuote has an average rating of "Buy" and a consensus target price of $29.58.

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.