Teacher Retirement System of Texas Purchases 82,498 Shares of EverQuote, Inc. (NASDAQ:EVER)

Teacher Retirement System of Texas raised its holdings in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 161.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 133,583 shares of the company's stock after purchasing an additional 82,498 shares during the quarter. Teacher Retirement System of Texas owned 0.38% of EverQuote worth $2,670,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. R Squared Ltd acquired a new stake in EverQuote in the fourth quarter valued at about $34,000. Quarry LP lifted its holdings in shares of EverQuote by 100.7% in the third quarter. Quarry LP now owns 2,894 shares of the company's stock worth $61,000 after acquiring an additional 1,452 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company's stock valued at $74,000 after purchasing an additional 1,874 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock valued at $90,000 after purchasing an additional 2,042 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in EverQuote during the 3rd quarter worth approximately $158,000. Institutional investors own 91.54% of the company's stock.

EverQuote Stock Performance

Shares of EVER traded down $1.21 during mid-day trading on Friday, reaching $26.88. 936,658 shares of the company were exchanged, compared to its average volume of 529,601. The business has a 50 day simple moving average of $23.60 and a two-hundred day simple moving average of $20.81. The stock has a market capitalization of $960.26 million, a PE ratio of 79.06 and a beta of 1.01. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03.

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EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly 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 net margin of 3.31% and a return on equity of 13.94%. The firm had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. On average, analysts predict that EverQuote, Inc. will post 0.72 EPS for the current year.

Analyst Ratings Changes

EVER has been the topic of a number of research analyst reports. Canaccord Genuity Group cut their target price on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Needham & Company LLC increased their target price on EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Raymond James upgraded EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price target on the stock in a report on Thursday, December 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of EverQuote from $25.00 to $29.00 and gave the company an "overweight" rating in a 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 company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $32.33.

Insider Buying and Selling at EverQuote

In related news, Director David B. Blundin sold 77,600 shares of the company's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $28.67, for a total transaction of $2,224,792.00. Following the sale, the director now owns 97,920 shares in the company, valued at $2,807,366.40. This represents a 44.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Ventures Lllp Link sold 1,022 shares of EverQuote stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $28.75, for a total value 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. The trade was a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 180,548 shares of company stock valued at $4,967,872. 29.79% of the stock is currently owned by insiders.

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.