Sierra Summit Advisors LLC Invests $585,000 in EverQuote, Inc. (NASDAQ:EVER)

Sierra Summit Advisors LLC purchased a new stake in EverQuote, Inc. (NASDAQ:EVER - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,255 shares of the company's stock, valued at approximately $585,000. Sierra Summit Advisors LLC owned approximately 0.08% of EverQuote at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EVER. R Squared Ltd purchased a new stake in shares of EverQuote in the 4th quarter valued at approximately $34,000. Quarry LP boosted its position in shares of EverQuote by 100.7% during the third quarter. Quarry LP now owns 2,894 shares of the company's stock worth $61,000 after buying an additional 1,452 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of EverQuote by 80.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock valued at $90,000 after buying an additional 2,042 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of EverQuote in the 4th quarter valued at $90,000. Finally, AlphaQuest LLC lifted its stake in EverQuote by 53.9% during the 4th quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock worth $154,000 after acquiring an additional 2,698 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Raymond James raised shares of EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price target on the stock in a research report on Thursday, December 26th. JPMorgan Chase & Co. boosted their price target on shares of 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 report on Monday, February 24th. Finally, Needham & Company LLC increased their price target on EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, EverQuote currently has a consensus rating of "Buy" and an average target price of $32.33.

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Insider Activity at EverQuote

In other news, Director David B. Blundin sold 77,600 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $28.67, for a total transaction of $2,224,792.00. Following the transaction, the director now directly owns 97,920 shares in the company, valued at approximately $2,807,366.40. This trade represents a 44.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the company's stock in a transaction on Monday, March 24th. The shares were 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 of the company's stock, valued at approximately $100,586,676.25. This trade represents a 0.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 179,607 shares of company stock valued at $4,969,642 over the last ninety days. Insiders own 29.79% of the company's stock.

EverQuote Stock Performance

NASDAQ EVER traded down $0.94 during 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 1 year low of $16.63 and a 1 year high of $30.03. The stock has a market cap of $721.98 million, a P/E ratio of 59.44 and a beta of 0.77. The company has a 50 day moving average price of $24.34 and a two-hundred day moving average price of $20.89.

EverQuote (NASDAQ:EVER - Get Free Report) last released 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 company had revenue of $147.46 million for the quarter, compared to analysts' expectations of $133.83 million. Research analysts forecast that EverQuote, Inc. will post 0.72 EPS 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.