Emerald Advisers LLC Takes $11.62 Million Position in EverQuote, Inc. (NASDAQ:EVER)

Emerald Advisers LLC purchased a new position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 443,701 shares of the company's stock, valued at approximately $11,621,000. Emerald Advisers LLC owned about 1.24% of EverQuote at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new position in shares of EverQuote during the fourth quarter valued at about $90,000. AlphaQuest LLC raised its position 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 purchasing an additional 2,698 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in EverQuote in the 1st quarter worth approximately $157,000. Tower Research Capital LLC TRC lifted its holdings in EverQuote by 23.8% in the 4th 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 period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of EverQuote in the 4th quarter worth approximately $180,000. 91.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other EverQuote news, CEO Jayme Mendal sold 14,360 shares of the company's 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 transaction, the chief executive officer owned 558,789 shares in the company, valued at approximately $13,522,693.80. This represents a 2.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Joseph Sanborn sold 1,063 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $24.13, for a total value of $25,650.19. Following the completion of the transaction, the chief financial officer owned 261,390 shares of the company's stock, valued at $6,307,340.70. This trade represents a 0.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,162 shares of company stock worth $1,425,777 in the last three months. Corporate insiders own 29.79% of the company's stock.

EverQuote Stock Up 1.0%

EVER traded up $0.24 on Monday, hitting $24.60. The company had a trading volume of 49,402 shares, compared to its average volume of 544,628. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03. The business's fifty day simple moving average is $24.19 and its 200 day simple moving average is $23.18. The company has a market cap of $878.53 million, a PE ratio of 23.97 and a beta of 0.34.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EVER shares. Needham & Company LLC restated a "buy" rating and issued a $38.00 price objective on shares of EverQuote in a report on Tuesday, May 6th. JPMorgan Chase & Co. increased their price target on shares of EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, 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.