EverQuote, Inc. (NASDAQ:EVER) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC trimmed its position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 6.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 305,082 shares of the company's stock after selling 20,014 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.86% of EverQuote worth $6,099,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in EverQuote by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company's stock worth $40,314,000 after buying an additional 24,347 shares during the last quarter. Toronado Partners LLC lifted its stake in shares of EverQuote by 59.7% in the 4th quarter. Toronado Partners LLC now owns 718,774 shares of the company's stock valued at $14,368,000 after purchasing an additional 268,670 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of EverQuote by 32.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company's stock valued at $13,076,000 after purchasing an additional 161,426 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of EverQuote by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 600,365 shares of the company's stock valued at $12,004,000 after purchasing an additional 5,210 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new position in shares of EverQuote in the 4th quarter valued at $11,618,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at EverQuote

In other EverQuote news, CEO Jayme Mendal sold 14,360 shares of the stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $21.36, for a total value of $306,729.60. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 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 represents a 0.03% 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 quarter. Corporate insiders own 29.79% of the company's stock.

Wall Street Analyst Weigh In

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

EverQuote Trading Up 0.4%

EVER traded up $0.10 during mid-day trading on Friday, hitting $23.23. 438,896 shares of the stock were exchanged, compared to its average volume of 549,677. The firm's fifty day moving average is $24.48 and its two-hundred day moving average is $21.37. EverQuote, Inc. has a 1-year low of $16.63 and a 1-year high of $30.03. The company has a market cap of $829.87 million, a PE ratio of 68.32 and a beta of 0.45.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its earnings results on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.18. The firm had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. As a group, research analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current year.

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.