Y Intercept Hong Kong Ltd Takes $757,000 Position in EverQuote, Inc. (NASDAQ:EVER)

Y Intercept Hong Kong Ltd purchased a new position in EverQuote, Inc. (NASDAQ:EVER - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 35,906 shares of the company's stock, valued at approximately $757,000. Y Intercept Hong Kong Ltd owned about 0.10% of EverQuote at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in EVER. CWM LLC boosted its stake in EverQuote by 133.2% in the 2nd quarter. CWM LLC now owns 1,861 shares of the company's stock worth $39,000 after purchasing an additional 1,063 shares in the last quarter. SG Americas Securities LLC acquired a new stake in EverQuote during the 2nd quarter worth about $808,000. Calamos Advisors LLC lifted its position in EverQuote by 9.5% during the 2nd quarter. Calamos Advisors LLC now owns 96,087 shares of the company's stock worth $2,004,000 after acquiring an additional 8,376 shares during the period. Bank of New York Mellon Corp grew its stake in EverQuote by 18.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 86,394 shares of the company's stock valued at $1,802,000 after purchasing an additional 13,536 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of EverQuote in the second quarter valued at about $3,796,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EverQuote

In other news, Director George R. Neble sold 2,500 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the sale, the director now owns 54,970 shares of the company's stock, valued at $1,067,517.40. This represents a 4.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO David Brainard sold 1,641 shares of EverQuote stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total transaction of $33,181.02. Following the sale, the chief technology officer now directly owns 155,491 shares in the company, valued at approximately $3,144,028.02. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,716 shares of company stock valued at $188,810 over the last ninety days. Insiders own 29.79% of the company's stock.

EverQuote Price Performance

NASDAQ EVER traded up $0.43 during trading hours on Friday, reaching $18.06. The company's stock had a trading volume of 291,582 shares, compared to its average volume of 472,426. The firm has a market capitalization of $638.44 million, a price-to-earnings ratio of 53.12 and a beta of 0.96. The company's 50-day moving average is $18.86 and its two-hundred day moving average is $21.14. EverQuote, Inc. has a 1-year low of $10.21 and a 1-year high of $28.09.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $144.53 million for the quarter, compared to the consensus estimate of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The company's revenue was up 162.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.40) earnings per share. Equities analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EVER shares. JPMorgan Chase & Co. reduced their price target on shares of EverQuote from $34.00 to $28.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. B. Riley cut their price target on EverQuote from $36.50 to $29.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $31.60.

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.