Lisanti Capital Growth LLC acquired a new stake in EverQuote, Inc. (NASDAQ:EVER - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 108,670 shares of the company's stock, valued at approximately $2,846,000. Lisanti Capital Growth LLC owned approximately 0.30% of EverQuote as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Divisadero Street Capital Management LP acquired a new stake in shares of EverQuote during the 4th quarter valued at about $12,311,000. Freestone Grove Partners LP acquired a new stake in EverQuote during the fourth quarter valued at approximately $11,618,000. Point72 Asset Management L.P. grew its stake in shares of EverQuote by 2,301.4% in the 4th quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company's stock valued at $9,216,000 after purchasing an additional 441,815 shares during the period. Toronado Partners LLC lifted its position in shares of EverQuote by 59.7% during the 4th quarter. Toronado Partners LLC now owns 718,774 shares of the company's stock worth $14,368,000 after buying an additional 268,670 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in EverQuote by 1,553.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 243,385 shares of the company's stock valued at $6,464,000 after buying an additional 228,663 shares in the last quarter. 91.54% of the stock is owned by institutional investors.
EverQuote Trading Down 0.9%
NASDAQ EVER traded down $0.23 during trading hours on Wednesday, reaching $24.19. 408,999 shares of the company's stock were exchanged, compared to its average volume of 544,713. The firm has a fifty day moving average of $24.13 and a 200-day moving average of $22.77. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03. The stock has a market cap of $864.07 million, a PE ratio of 23.72 and a beta of 0.34.
Insiders Place Their Bets
In other news, CEO Jayme Mendal sold 14,360 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $24.20, for a total transaction of $347,512.00. Following the sale, the chief executive officer directly owned 558,789 shares of the company's stock, valued at $13,522,693.80. This represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO David Brainard sold 6,609 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $23.54, for a total transaction of $155,575.86. Following the completion of the transaction, the chief technology officer owned 142,665 shares of the company's stock, valued at $3,358,334.10. This trade represents a 4.43% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,694 shares of company stock valued at $1,349,912. Insiders own 29.79% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $38.00 target price on shares of EverQuote in a report on Tuesday, May 6th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $32.50.
View Our Latest Analysis on EverQuote
About EverQuote
(
Free Report)
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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