Emerald Mutual Fund Advisers Trust Buys New Position in EverQuote, Inc. (NASDAQ:EVER)

Emerald Mutual Fund Advisers Trust bought a new stake in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 320,097 shares of the company's stock, valued at approximately $8,383,000. Emerald Mutual Fund Advisers Trust owned approximately 0.90% of EverQuote as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in EVER. KLP Kapitalforvaltning AS purchased a new position in EverQuote during the 4th quarter valued at about $90,000. AlphaQuest LLC grew its holdings in shares of EverQuote by 53.9% during the fourth quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock worth $154,000 after purchasing an additional 2,698 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of EverQuote during the first quarter worth about $157,000. Tower Research Capital LLC TRC grew its holdings 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 worth $179,000 after purchasing an additional 1,724 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of EverQuote during the fourth quarter worth about $180,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

EverQuote Stock Performance

EVER traded up $0.05 during midday trading on Tuesday, hitting $24.64. The stock had a trading volume of 328,627 shares, compared to its average volume of 544,570. The company has a market cap of $880.14 million, a P/E ratio of 24.16 and a beta of 0.34. The business has a fifty day moving average of $24.16 and a 200 day moving average of $23.21. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $30.03.

Insider Buying and Selling

In other EverQuote news, CTO David Brainard sold 5,710 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $24.57, for a total value of $140,294.70. Following the completion of the sale, the chief technology officer owned 128,720 shares in the company, valued at approximately $3,162,650.40. The trade was a 4.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Julia Brncic sold 1,808 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $24.31, for a total value of $43,952.48. Following the completion of the sale, the general counsel owned 123,397 shares of the company's stock, valued at $2,999,781.07. The trade was a 1.44% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,162 shares of company stock worth $1,425,777. Company insiders own 29.79% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Needham & Company LLC reissued a "buy" rating and set a $38.00 price objective on shares of EverQuote in a report on Tuesday, May 6th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $32.50.

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.