SG Americas Securities LLC Grows Stock Holdings in EverQuote, Inc. (NASDAQ:EVER)

SG Americas Securities LLC lifted its holdings in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 105.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,281 shares of the company's stock after buying an additional 13,978 shares during the period. SG Americas Securities LLC owned about 0.08% of EverQuote worth $545,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Gladius Capital Management LP bought a new position in EverQuote during the third quarter valued at $26,000. Quarry LP grew its holdings 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 last quarter. nVerses Capital LLC raised its position in EverQuote by 41.2% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company's stock worth $51,000 after purchasing an additional 700 shares during the period. Quantbot Technologies LP lifted its stake in EverQuote by 115.1% in the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company's stock worth $74,000 after purchasing an additional 1,874 shares during the last quarter. Finally, CWM LLC boosted its position in shares of EverQuote by 143.0% during the third quarter. CWM LLC now owns 4,522 shares of the company's stock valued at $95,000 after buying an additional 2,661 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at EverQuote

In related news, CTO David Brainard sold 14,590 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $17.44, for a total transaction of $254,449.60. Following the completion of the transaction, the chief technology officer now directly owns 137,291 shares in the company, valued at $2,394,355.04. The trade was a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John L. Shields sold 2,000 shares of the business's stock in a transaction on 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 transaction, the director now owns 28,515 shares of the company's stock, valued at approximately $570,300. This represents a 6.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,668 shares of company stock worth $1,045,134. 29.79% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. B. Riley decreased their price target on EverQuote from $36.50 to $29.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Raymond James raised shares of EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price target for the company in a research note on Thursday, December 26th. Finally, JPMorgan Chase & Co. dropped their price objective on EverQuote from $28.00 to $25.00 and set an "overweight" rating on the stock in a research note on Friday, January 10th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $31.67.

EverQuote Trading Up 7.7 %

Shares of EVER traded up $1.54 during trading hours on Tuesday, hitting $21.63. The company had a trading volume of 412,928 shares, compared to its average volume of 442,660. The company has a market capitalization of $764.62 million, a PE ratio of 63.62 and a beta of 0.96. The company's fifty day moving average price is $18.86 and its two-hundred day moving average price is $20.46. EverQuote, Inc. has a one year low of $13.07 and a one year high of $28.09.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. The company had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm's quarterly revenue was up 162.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.40) EPS. Analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current 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.