Balyasny Asset Management L.P. Sells 204,380 Shares of EverQuote, Inc. (NASDAQ:EVER)

Balyasny Asset Management L.P. lowered its holdings in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 33.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 415,864 shares of the company's stock after selling 204,380 shares during the period. Balyasny Asset Management L.P. owned approximately 1.18% of EverQuote worth $8,313,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. R Squared Ltd bought a new stake in shares of EverQuote during the 4th quarter valued at $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 valued at $90,000 after buying an additional 2,042 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of EverQuote during the fourth quarter valued at about $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 valued at $154,000 after buying an additional 2,698 shares during the period. 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 valued at $179,000 after buying an additional 1,724 shares during the period. Institutional investors own 91.54% of the company's stock.

EverQuote Trading Up 3.3%

Shares of NASDAQ:EVER traded up $0.80 during trading on Tuesday, reaching $24.90. The company had a trading volume of 534,518 shares, compared to its average volume of 549,997. The company has a fifty day moving average of $24.44 and a two-hundred day moving average of $21.42. The stock has a market capitalization of $889.53 million, a P/E ratio of 73.24 and a beta of 0.45. EverQuote, Inc. has a 12 month low of $16.63 and a 12 month high of $30.03.

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

Insider Buying and Selling at EverQuote

In other news, major shareholder Ventures Lllp Link sold 1,022 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $28.75, for a total transaction of $29,382.50. Following the transaction, the insider now directly owns 3,498,667 shares of the company's stock, valued at approximately $100,586,676.25. This trade represents a 0.03% 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, CTO David Brainard sold 6,609 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $21.49, for a total value of $142,027.41. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 193,967 shares of company stock worth $5,278,231 over the last ninety days. Insiders own 29.79% of the company's stock.

Wall Street Analyst Weigh In

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

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.