Schroder Investment Management Group Buys New Shares in EverQuote, Inc. (NASDAQ:EVER)

Schroder Investment Management Group bought a new stake in EverQuote, Inc. (NASDAQ:EVER - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 134,947 shares of the company's stock, valued at approximately $2,657,000. Schroder Investment Management Group owned 0.38% of EverQuote as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in shares of EverQuote by 255.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company's stock worth $5,072,000 after buying an additional 172,785 shares during the period. BNP Paribas Financial Markets boosted its stake in EverQuote by 29.9% in the third quarter. BNP Paribas Financial Markets now owns 19,570 shares of the company's stock valued at $413,000 after acquiring an additional 4,506 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in EverQuote by 19.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company's stock worth $177,000 after acquiring an additional 1,363 shares during the period. Verition Fund Management LLC bought a new stake in shares of EverQuote during the 3rd quarter valued at $219,000. Finally, Centiva Capital LP acquired a new position in shares of EverQuote in the 3rd quarter valued at $367,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EVER. JPMorgan Chase & Co. lifted their price objective on EverQuote from $25.00 to $29.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Canaccord Genuity Group decreased their target price on EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Needham & Company LLC upped 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 raised shares of EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price objective on the stock in a research note on Thursday, December 26th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $32.33.

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Insider Buying and Selling

In related news, major shareholder Ventures Lllp Link sold 1,022 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $28.75, for a total transaction of $29,382.50. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO David Brainard sold 4,113 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $22.41, for a total value of $92,172.33. Following the completion of the sale, the chief technology officer now owns 143,874 shares in the company, valued at $3,224,216.34. The trade was a 2.78 % 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 worth $4,969,642 over the last ninety days. Company insiders own 29.79% of the company's stock.

EverQuote Trading Down 4.4 %

Shares of NASDAQ EVER traded down $0.94 during mid-day trading on Friday, reaching $20.21. 426,446 shares of the company's stock were exchanged, compared to its average volume of 543,697. EverQuote, Inc. has a twelve month low of $16.63 and a twelve month high of $30.03. The firm has a market capitalization of $721.98 million, a price-to-earnings ratio of 59.44 and a beta of 0.77. The business has a fifty day simple moving average of $24.34 and a 200 day simple moving average of $20.89.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its earnings results on Monday, February 24th. The company reported $0.33 earnings per share (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 business had revenue of $147.46 million during the quarter, compared to analysts' expectations of $133.83 million. Equities research analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

EverQuote Company 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.