Dimensional Fund Advisors LP Acquires 35,152 Shares of EverQuote, Inc. (NASDAQ:EVER)

Dimensional Fund Advisors LP boosted its stake in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 297,801 shares of the company's stock after purchasing an additional 35,152 shares during the period. Dimensional Fund Advisors LP owned approximately 0.84% of EverQuote worth $5,953,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in EVER. JPMorgan Chase & Co. boosted its position in EverQuote by 3,022.8% in the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company's stock worth $8,133,000 after purchasing an additional 373,280 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 worth $14,368,000 after purchasing an additional 268,670 shares during the period. Boston Partners purchased a new position in shares of EverQuote in the fourth quarter worth approximately $3,668,000. Arrowstreet Capital Limited Partnership grew its position in EverQuote by 32.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company's stock valued at $13,076,000 after buying an additional 161,426 shares during the period. Finally, Schroder Investment Management Group purchased a new stake in EverQuote during the fourth quarter valued at approximately $2,657,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other EverQuote news, CTO David Brainard sold 2,238 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $26.14, for a total transaction of $58,501.32. Following the completion of the transaction, the chief technology officer now owns 153,336 shares of the company's stock, valued at $4,008,203.04. This represents a 1.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David B. Blundin sold 77,600 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $28.67, for a total value of $2,224,792.00. Following the transaction, the director now owns 97,920 shares of the company's stock, valued at approximately $2,807,366.40. The trade was a 44.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 193,967 shares of company stock worth $5,278,231 over the last quarter. Insiders own 29.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective 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. Needham & Company LLC reissued a "buy" rating and set a $38.00 price target on shares of EverQuote in a report on Tuesday, May 6th. Finally, 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 research note on Monday, February 24th. 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, the stock presently has a consensus rating of "Buy" and an average price target of $32.50.

EverQuote Trading Up 0.2%

Shares of EVER traded up $0.04 during trading hours on Wednesday, reaching $24.94. 450,621 shares of the stock traded hands, compared to its average volume of 549,602. The company has a market cap of $890.96 million, a P/E ratio of 73.35 and a beta of 0.45. The company's 50-day moving average price is $24.42 and its two-hundred day moving average price is $21.44. 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 announced its quarterly earnings data on Monday, February 24th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The business had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. On average, research analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current year.

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.