Lighthouse Investment Partners LLC Makes New Investment in EverQuote, Inc. (NASDAQ:EVER)

Lighthouse Investment Partners LLC purchased a new stake in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) during the 4th quarter, according to its most recent 13F filing 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 0.38% of EverQuote as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC increased its stake in EverQuote by 74.3% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 38,053 shares of the company's stock valued at $761,000 after acquiring an additional 16,217 shares during the period. Intech Investment Management LLC bought a new position in EverQuote during the fourth quarter valued at about $236,000. Barclays PLC increased 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 acquiring an additional 39,160 shares during the period. Jump Financial LLC increased its stake in EverQuote by 18.2% during the fourth quarter. Jump Financial LLC now owns 72,000 shares of the company's stock valued at $1,439,000 after acquiring an additional 11,072 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in EverQuote by 3,022.8% during the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company's stock valued at $8,133,000 after acquiring an additional 373,280 shares during the period. 91.54% of the stock is currently owned by institutional investors.

EverQuote Stock Performance

NASDAQ EVER traded down $0.18 during trading on Friday, reaching $24.27. 429,542 shares of the company traded hands, compared to its average volume of 547,638. The stock's 50 day moving average price is $24.39 and its two-hundred day moving average price is $21.56. The company has a market cap 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.

EverQuote (NASDAQ:EVER - Get Free Report) last announced 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. The business had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. Equities research analysts expect that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Insider Transactions at EverQuote

In other EverQuote news, CTO David Brainard sold 6,609 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $21.49, for a total transaction of $142,027.41. Following the completion of the sale, the chief technology officer now owns 156,783 shares in the company, valued at approximately $3,369,266.67. The trade was a 4.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John L. Shields sold 2,000 shares of the company's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $20.93, for a total transaction of $41,860.00. Following the sale, the director now owns 26,515 shares of the company's stock, valued at $554,958.95. The trade was a 7.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 193,967 shares of company stock valued at $5,278,231 in the last three months. 29.79% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

EVER has been the topic of several research reports. Needham & Company LLC restated a "buy" rating and set a $38.00 price target on shares of EverQuote in a research note on Tuesday, May 6th. Canaccord Genuity Group decreased 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. lifted their price objective on EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $32.50.

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.