Y Intercept Hong Kong Ltd Sells 14,263 Shares of EverQuote, Inc. (NASDAQ:EVER)

Y Intercept Hong Kong Ltd trimmed its position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 39.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,643 shares of the company's stock after selling 14,263 shares during the period. Y Intercept Hong Kong Ltd owned about 0.06% of EverQuote worth $433,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in EverQuote by 255.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company's stock worth $5,072,000 after purchasing an additional 172,785 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake 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 in the last quarter. Geode Capital Management LLC lifted its holdings in shares of EverQuote by 10.4% during the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company's stock valued at $12,554,000 after purchasing an additional 56,114 shares during the last quarter. Barclays PLC raised its stake in EverQuote by 331.2% during the third quarter. Barclays PLC now owns 50,983 shares of the company's stock valued at $1,076,000 after buying an additional 39,160 shares during the last quarter. Finally, Emerald Advisers LLC boosted its stake in EverQuote by 165.8% in the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company's stock worth $13,498,000 after purchasing an additional 399,257 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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EverQuote Stock Performance

Shares of EverQuote stock traded up $0.29 on Thursday, hitting $26.15. 162,646 shares of the company's stock were exchanged, compared to its average volume of 533,941. The stock has a market capitalization of $924.25 million, a PE ratio of 77.04 and a beta of 1.01. EverQuote, Inc. has a 1 year low of $14.62 and a 1 year high of $28.09. The company has a 50-day simple moving average of $20.90 and a 200-day simple moving average of $20.27.

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

Insider Activity at EverQuote

In related news, Director John L. Shields sold 2,000 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $20.00, for a total transaction of $40,000.00. Following the completion of the sale, the director now owns 28,515 shares in the company, valued at approximately $570,300. This trade represents a 6.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jon Ayotte sold 7,647 shares of EverQuote stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $25.72, for a total value of $196,680.84. Following the sale, the chief accounting officer now directly owns 58,045 shares in the company, valued at $1,492,917.40. This trade represents a 11.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,453 shares of company stock worth $1,459,054. 29.79% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

EVER has been the topic of a number of recent analyst reports. Raymond James upgraded shares of 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. Canaccord Genuity Group dropped their target price on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Needham & Company LLC increased their price target on EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lifted their price objective on EverQuote from $25.00 to $29.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, EverQuote currently has a consensus rating of "Buy" and an average target price of $32.33.

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.