Lighthouse Investment Partners LLC purchased a new position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 135,729 shares of the company's stock, valued at approximately $2,713,000. Lighthouse Investment Partners LLC owned about 0.38% of EverQuote as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in EVER. R Squared Ltd bought a new stake in EverQuote in the 4th quarter worth approximately $34,000. Asset Management One Co. Ltd. lifted its holdings in shares of EverQuote by 80.4% in the 4th 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 during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of EverQuote in the 4th quarter valued at $90,000. AlphaQuest LLC grew its stake in shares of EverQuote by 53.9% during the fourth quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock valued at $154,000 after buying an additional 2,698 shares during the last quarter. 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 worth $179,000 after buying an additional 1,724 shares during the period. Institutional investors own 91.54% of the company's stock.
Analyst Ratings Changes
Several brokerages recently weighed in on EVER. Needham & Company LLC restated a "buy" rating and set a $38.00 target price on shares of EverQuote in a report on Tuesday, May 6th. Canaccord Genuity Group decreased their target price on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $32.50.
Read Our Latest Analysis on EverQuote
EverQuote Price Performance
NASDAQ:EVER traded down $0.22 during trading hours on Monday, hitting $24.05. The company had a trading volume of 84,166 shares, compared to its average volume of 546,428. The stock has a 50-day moving average price of $24.39 and a 200 day moving average price of $21.60. The company has a market capitalization of $859.20 million, a PE ratio of 70.51 and a beta of 0.45. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03.
EverQuote (NASDAQ:EVER - Get Free Report) last posted its earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.15 by $0.18. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The firm had revenue of $147.46 million during the quarter, compared to analysts' expectations of $133.83 million. Analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.
Insiders Place Their Bets
In other EverQuote news, Director David B. Blundin sold 77,600 shares of EverQuote stock in a transaction on Friday, March 21st. The stock was sold at an average price of $28.67, for a total transaction of $2,224,792.00. Following the completion of the transaction, the director now owns 97,920 shares in the company, valued at approximately $2,807,366.40. The trade was a 44.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $28.75, for a total value of $29,382.50. Following the completion of the sale, the insider now directly owns 3,498,667 shares in the company, valued at $100,586,676.25. This trade represents a 0.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 193,967 shares of company stock worth $5,278,231. Company insiders own 29.79% of the company's stock.
EverQuote Company Profile
(
Free Report)
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.
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