Quantbot Technologies LP raised its holdings in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 1,207.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,793 shares of the company's stock after buying an additional 42,291 shares during the period. Quantbot Technologies LP owned approximately 0.13% of EverQuote worth $915,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Rhumbline Advisers raised its holdings in EverQuote by 4.0% in the fourth quarter. Rhumbline Advisers now owns 34,899 shares of the company's stock valued at $698,000 after acquiring an additional 1,332 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of EverQuote by 19.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company's stock valued at $177,000 after purchasing an additional 1,363 shares in the last quarter. Quarry LP lifted its position in shares of EverQuote by 100.7% during the 3rd quarter. Quarry LP now owns 2,894 shares of the company's stock worth $61,000 after purchasing an additional 1,452 shares during the last quarter. R Squared Ltd acquired a new position in shares of EverQuote during the fourth quarter worth $34,000. Finally, Asset Management One Co. Ltd. lifted its holdings in 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 buying an additional 2,042 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.
Insider Activity at EverQuote
In other news, CTO David Brainard sold 3,675 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $19.52, for a total transaction of $71,736.00. Following the transaction, the chief technology officer now directly owns 108,244 shares in the company, valued at $2,112,922.88. The trade was a 3.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John L. Shields sold 2,000 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $20.00, for a total transaction of $40,000.00. Following the completion of the sale, the director now owns 28,515 shares of the company's stock, valued at approximately $570,300. The trade was a 6.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 180,548 shares of company stock worth $4,967,872 in the last quarter. Company insiders own 29.79% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on EVER. JPMorgan Chase & Co. increased their price objective on EverQuote from $25.00 to $29.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Needham & Company LLC raised their price objective on shares of EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Raymond James upgraded shares of EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 target price for the company in a report on Thursday, December 26th. Finally, Canaccord Genuity Group cut their price target on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $32.33.
Check Out Our Latest Stock Analysis on EVER
EverQuote Price Performance
Shares of EVER traded down $1.21 during mid-day trading on Friday, reaching $26.88. 936,658 shares of the company's stock were exchanged, compared to its average volume of 529,601. The business's fifty day simple moving average is $23.60 and its 200-day simple moving average is $20.81. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $30.03. The stock has a market capitalization of $960.26 million, a PE ratio of 79.06 and a beta of 1.01.
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, beating analysts' consensus estimates of $0.15 by $0.18. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The company had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. Equities research analysts predict 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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