Schonfeld Strategic Advisors LLC Invests $248,000 in EverQuote, Inc. (NASDAQ:EVER)

Schonfeld Strategic Advisors LLC bought a new position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,400 shares of the company's stock, valued at approximately $248,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Legal & General Group Plc increased its holdings in shares of EverQuote by 4.8% in the fourth quarter. Legal & General Group Plc now owns 21,985 shares of the company's stock valued at $439,000 after purchasing an additional 1,012 shares during the period. Rhumbline Advisers increased its holdings in shares of EverQuote by 4.0% in the fourth quarter. Rhumbline Advisers now owns 34,899 shares of the company's stock valued at $698,000 after purchasing an additional 1,332 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of EverQuote by 2.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 55,600 shares of the company's stock valued at $1,111,000 after purchasing an additional 1,500 shares during the period. R Squared Ltd acquired a new position in shares of EverQuote in the fourth quarter valued at approximately $34,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of EverQuote by 23.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company's stock valued at $179,000 after purchasing an additional 1,724 shares during the period. Hedge funds and other institutional investors own 91.54% of the company's stock.

Insider Activity at EverQuote

In related news, CEO Jayme Mendal sold 14,360 shares of the stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $21.36, for a total transaction of $306,729.60. Following the transaction, the chief executive officer now directly owns 587,509 shares in the company, valued at approximately $12,549,192.24. This represents a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David B. Blundin sold 77,600 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $28.67, for a total value of $2,224,792.00. Following the transaction, the director now owns 97,920 shares in the company, valued at $2,807,366.40. This trade represents a 44.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 193,967 shares of company stock valued at $5,278,231 over the last quarter. Insiders own 29.79% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on EVER shares. Needham & Company LLC reissued a "buy" rating and issued a $38.00 target price on shares of EverQuote in a report on Tuesday, May 6th. Canaccord Genuity Group dropped their price objective on EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. upped their price objective on EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, EverQuote currently has an average rating of "Buy" and a consensus price target of $32.50.

EverQuote Price Performance

EverQuote stock traded down $0.18 during trading hours on Friday, hitting $24.27. The stock had a trading volume of 429,542 shares, compared to its average volume of 547,638. The stock has a market capitalization of $867.02 million, a price-to-earnings ratio of 71.38 and a beta of 0.45. EverQuote, Inc. has a 1-year low of $16.63 and a 1-year high of $30.03. The stock's fifty day moving average is $24.39 and its two-hundred day moving average is $21.56.

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

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.