Sei Investments Co. Has $2.49 Million Position in EverQuote, Inc. (NASDAQ:EVER)

Sei Investments Co. lowered its position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 14.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 124,763 shares of the company's stock after selling 20,953 shares during the quarter. Sei Investments Co. owned 0.35% of EverQuote worth $2,494,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in EverQuote by 255.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company's stock valued at $5,072,000 after acquiring an additional 172,785 shares during the last quarter. Geode Capital Management LLC lifted its stake in EverQuote by 10.4% during the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company's stock valued at $12,554,000 after purchasing an additional 56,114 shares during the last quarter. Counterpoint Mutual Funds LLC lifted its stake in EverQuote by 74.3% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 38,053 shares of the company's stock valued at $761,000 after purchasing an additional 16,217 shares during the last quarter. Barclays PLC boosted its stake in shares of EverQuote by 331.2% during the 3rd quarter. Barclays PLC now owns 50,983 shares of the company's stock worth $1,076,000 after acquiring an additional 39,160 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in EverQuote in the 4th quarter worth about $236,000. 91.54% of the stock is owned by institutional investors and hedge funds.

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EverQuote Price Performance

EVER traded up $1.15 on Wednesday, hitting $21.66. The company had a trading volume of 878,678 shares, compared to its average volume of 541,251. EverQuote, Inc. has a 1-year low of $16.63 and a 1-year high of $30.03. The company's fifty day moving average price is $24.35 and its 200 day moving average price is $20.90. The stock has a market cap of $773.78 million, a price-to-earnings ratio of 63.71 and a beta of 0.77.

EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, topping 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 business had revenue of $147.46 million during the quarter, compared to analysts' expectations of $133.83 million. On average, sell-side analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current year.

Insider Buying and Selling at EverQuote

In other news, CTO David Brainard sold 4,113 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $22.41, for a total transaction of $92,172.33. Following the completion of the transaction, the chief technology officer now directly owns 143,874 shares in the company, valued at $3,224,216.34. The trade was a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the firm's stock in a transaction on 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 sale, the insider now owns 3,498,667 shares in the company, valued at approximately $100,586,676.25. The trade was a 0.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 180,857 shares of company stock worth $4,992,367 over the last ninety days. Company insiders own 29.79% of the company's stock.

Wall Street Analysts Forecast Growth

EVER has been the topic of a number of research analyst reports. 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 report on Thursday, December 26th. Needham & Company LLC boosted their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. increased their price objective on EverQuote from $25.00 to $29.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group lowered their target price on 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, EverQuote has an average rating of "Buy" and a consensus price target of $32.33.

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.