Algert Global LLC Acquires Shares of 51,718 EverQuote, Inc. (NASDAQ:EVER)

Algert Global LLC acquired a new position in EverQuote, Inc. (NASDAQ:EVER - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 51,718 shares of the company's stock, valued at approximately $1,034,000. Algert Global LLC owned approximately 0.15% of EverQuote as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in EVER. R Squared Ltd bought a new stake in EverQuote during the fourth quarter worth approximately $34,000. Asset Management One Co. Ltd. increased its position in shares of EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock valued at $90,000 after purchasing an additional 2,042 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of EverQuote during the 4th quarter valued at approximately $90,000. AlphaQuest LLC raised its holdings in EverQuote by 53.9% during the 4th 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 period. Finally, Tower Research Capital LLC TRC lifted its position in 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 last quarter. 91.54% of the stock is currently owned by institutional investors.

Insider Activity

In other EverQuote news, major shareholder Ventures Lllp Link sold 1,022 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $28.75, for a total transaction of $29,382.50. Following the completion of the sale, the insider now directly owns 3,498,667 shares of the company's stock, valued at approximately $100,586,676.25. This represents a 0.03 % 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, CFO Joseph Sanborn sold 1,063 shares of EverQuote stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $26.29, for a total transaction of $27,946.27. Following the completion of the transaction, the chief financial officer now directly owns 270,865 shares in the company, valued at approximately $7,121,040.85. The trade was a 0.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 193,967 shares of company stock worth $5,278,231. Corporate insiders own 29.79% of the company's stock.

EverQuote Stock Performance

Shares of NASDAQ EVER opened at $23.23 on Friday. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $30.03. The firm has a market capitalization of $829.87 million, a price-to-earnings ratio of 68.32 and a beta of 0.45. The stock has a 50 day moving average price of $24.48 and a 200 day moving average price of $21.35.

EverQuote (NASDAQ:EVER - Get Free Report) last issued its earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.18. The business had revenue of $147.46 million during the quarter, compared to analysts' expectations of $133.83 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. Analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EVER. Canaccord Genuity Group reduced 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. Needham & Company LLC reissued a "buy" rating and issued a $38.00 price objective on shares of EverQuote in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. upped their target price on EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, EverQuote has an average rating of "Buy" and a consensus target price of $32.50.

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.

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