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

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

Other large investors also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of EverQuote during the fourth quarter worth $34,000. Asset Management One Co. Ltd. increased its position in shares of EverQuote by 80.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock worth $90,000 after acquiring an additional 2,042 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of EverQuote during the fourth quarter worth $90,000. AlphaQuest LLC increased its position in shares of EverQuote by 53.9% during the fourth quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock worth $154,000 after acquiring an additional 2,698 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of EverQuote by 23.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company's stock worth $179,000 after acquiring an additional 1,724 shares in the last quarter. Institutional investors own 91.54% of the company's stock.

EverQuote Stock Performance

EverQuote stock traded down $0.28 during mid-day trading on Monday, reaching $23.99. The company's stock had a trading volume of 332,178 shares, compared to its average volume of 547,377. The company has a market capitalization of $857.02 million, a price-to-earnings ratio of 70.56 and a beta of 0.45. EverQuote, Inc. has a 12 month low of $16.63 and a 12 month high of $30.03. The business's 50 day simple moving average is $24.35 and its 200 day simple moving average is $21.65.

EverQuote (NASDAQ:EVER - Get Free Report) last released its earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.18. The business had revenue of $147.46 million during 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%. As a group, sell-side analysts expect that EverQuote, Inc. will post 0.72 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on EVER shares. JPMorgan Chase & Co. increased their price objective on shares of EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Canaccord Genuity Group lowered their price objective on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Finally, Needham & Company LLC reissued a "buy" rating and set a $38.00 price objective on shares of EverQuote in a research report on Tuesday, May 6th. Five research 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.com, the company presently has a consensus rating of "Buy" and a consensus price target of $32.50.

Insider Activity

In other news, CEO Jayme Mendal sold 14,360 shares of EverQuote stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $21.36, for a total value of $306,729.60. Following the completion of the transaction, the chief executive officer now owns 587,509 shares of the company's stock, valued at $12,549,192.24. This trade represents a 2.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jon Ayotte sold 7,647 shares of EverQuote stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $25.72, for a total transaction of $196,680.84. Following the completion of the transaction, the chief accounting officer now directly owns 58,045 shares of the company's stock, valued at approximately $1,492,917.40. This trade represents a 11.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 193,967 shares of company stock valued at $5,278,231 in the last quarter. Company insiders own 29.79% of the company's stock.

EverQuote 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.