Victory Capital Management Inc. Purchases 34,594 Shares of EverQuote, Inc. (NASDAQ:EVER)

Victory Capital Management Inc. lifted its holdings in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 119.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 63,613 shares of the company's stock after acquiring an additional 34,594 shares during the quarter. Victory Capital Management Inc. owned 0.18% of EverQuote worth $1,272,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EVER. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of EverQuote by 636.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company's stock worth $2,209,000 after acquiring an additional 90,500 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in EverQuote by 255.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company's stock valued at $5,072,000 after buying an additional 172,785 shares during the last quarter. Quantbot Technologies LP raised its holdings in EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company's stock valued at $74,000 after buying an additional 1,874 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in EverQuote by 29.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 19,570 shares of the company's stock valued at $413,000 after buying an additional 4,506 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in EverQuote during the 3rd quarter valued at $158,000. 91.54% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of research firms recently commented on EVER. Raymond James upgraded shares of EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price target for the company in a report on Thursday, December 26th. Needham & Company LLC upped 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. Canaccord Genuity Group lowered their price target on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. upped their price target 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 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, EverQuote has a consensus rating of "Buy" and an average price target of $32.33.

EverQuote Price Performance

EverQuote stock traded up $0.66 during mid-day trading on Friday, reaching $28.71. 1,098,265 shares of the company traded hands, compared to its average volume of 516,270. The firm's 50 day moving average price is $22.60 and its 200 day moving average price is $20.59. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 84.44 and a beta of 1.01. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $29.07.

EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.18. The business had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. On average, sell-side analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current year.

Insider Transactions at EverQuote

In other news, CEO Jayme Mendal sold 65,117 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $28.07, for a total value of $1,827,834.19. Following the sale, the chief executive officer now directly owns 619,156 shares of the company's stock, valued at $17,379,708.92. This represents a 9.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO David Brainard sold 29,248 shares of the company's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $19.93, for a total transaction of $582,912.64. Following the completion of the sale, the chief technology officer now directly owns 116,212 shares in the company, valued at $2,316,105.16. This represents a 20.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 122,428 shares of company stock valued at $3,045,162 in the last three months. 29.79% of the stock is currently owned by company insiders.

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.