Royce & Associates LP Decreases Position in EverQuote, Inc. (NASDAQ:EVER)

Royce & Associates LP lowered its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 13.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 590,152 shares of the company's stock after selling 88,220 shares during the period. Royce & Associates LP owned approximately 1.68% of EverQuote worth $12,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of EVER. Quarry LP increased its position in EverQuote by 215.5% during the 2nd quarter. Quarry LP now owns 1,442 shares of the company's stock valued at $30,000 after purchasing an additional 985 shares during the period. nVerses Capital LLC acquired a new position in shares of EverQuote in the second quarter valued at about $35,000. CWM LLC raised its position in EverQuote by 133.2% during the 2nd quarter. CWM LLC now owns 1,861 shares of the company's stock worth $39,000 after buying an additional 1,063 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in EverQuote in the second quarter valued at $76,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of EverQuote in the second quarter worth about $147,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on EVER shares. JPMorgan Chase & Co. decreased their price objective on shares of EverQuote from $34.00 to $28.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. 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 research report on Tuesday, August 6th. B. Riley decreased their price target on EverQuote from $36.50 to $29.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Finally, Craig Hallum lifted their target price on shares of EverQuote from $30.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $28.50.

Insiders Place Their Bets

In other news, Director George R. Neble sold 2,500 shares of the firm's stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the sale, the director now owns 54,970 shares in the company, valued at approximately $1,067,517.40. This trade represents a 4.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO David Brainard sold 1,641 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total value of $33,181.02. Following the transaction, the chief technology officer now directly owns 155,491 shares of the company's stock, valued at approximately $3,144,028.02. This trade represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,305 shares of company stock valued at $363,780 over the last quarter. Company insiders own 29.79% of the company's stock.

EverQuote Price Performance

Shares of EVER stock traded down $1.01 during trading hours on Friday, reaching $17.80. 680,367 shares of the stock were exchanged, compared to its average volume of 650,115. EverQuote, Inc. has a 12-month low of $8.18 and a 12-month high of $28.09. The business's fifty day moving average is $19.93 and its two-hundred day moving average is $21.78. The firm has a market capitalization of $624.42 million, a P/E ratio of 52.35 and a beta of 1.06.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm had revenue of $144.53 million during the quarter, compared to the consensus estimate of $140.30 million. During the same period in the prior year, the company posted ($0.40) earnings per share. The firm's quarterly revenue was up 162.7% compared to the same quarter last year. As a group, equities research analysts predict that EverQuote, Inc. will post 0.69 earnings per share for the current fiscal year.

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.