Entropy Technologies LP acquired a new stake in EverQuote, Inc. (NASDAQ:EVER - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,900 shares of the company's stock, valued at approximately $285,000.
Several other institutional investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in EverQuote by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,383 shares of the company's stock valued at $288,000 after purchasing an additional 608 shares during the last quarter. Corton Capital Inc. raised its position in EverQuote by 3.4% in the 4th quarter. Corton Capital Inc. now owns 21,592 shares of the company's stock valued at $432,000 after purchasing an additional 714 shares during the last quarter. Legal & General Group Plc raised its position in EverQuote by 4.8% in the 4th quarter. Legal & General Group Plc now owns 21,985 shares of the company's stock valued at $439,000 after purchasing an additional 1,012 shares during the last quarter. Canada Pension Plan Investment Board raised its position in EverQuote by 2.8% in the 4th quarter. Canada Pension Plan Investment Board now owns 55,600 shares of the company's stock valued at $1,111,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in EverQuote by 23.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company's stock valued at $179,000 after purchasing an additional 1,724 shares during the last quarter. Institutional investors own 91.54% of the company's stock.
Insider Buying and Selling at EverQuote
In related news, CTO David Brainard sold 5,710 shares of EverQuote stock in a transaction on Monday, July 7th. The stock was sold at an average price of $24.57, for a total transaction of $140,294.70. Following the completion of the sale, the chief technology officer directly owned 128,720 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available at this link. Also, CEO Jayme Mendal sold 14,360 shares of EverQuote stock in a transaction on Monday, July 21st. The stock was sold at an average price of $24.87, for a total value of $357,133.20. Following the sale, the chief executive officer directly owned 527,140 shares of the company's stock, valued at approximately $13,109,971.80. This trade represents a 2.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 962,043 shares of company stock valued at $22,494,611 over the last quarter. 25.52% of the stock is owned by corporate insiders.
EverQuote Stock Down 3.1%
Shares of EverQuote stock opened at $23.35 on Friday. EverQuote, Inc. has a 12 month low of $16.63 and a 12 month high of $30.03. The business has a fifty day simple moving average of $24.62 and a 200 day simple moving average of $24.05. The stock has a market cap of $834.06 million, a PE ratio of 18.83 and a beta of 0.37.
EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.04. EverQuote had a return on equity of 36.90% and a net margin of 7.57%. The business had revenue of $156.63 million during the quarter, compared to analysts' expectations of $157.19 million. During the same period in the previous year, the firm earned $0.17 earnings per share. The firm's quarterly revenue was up 33.7% compared to the same quarter last year. Analysts expect that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Needham & Company LLC restated a "buy" rating and set a $38.00 target price on shares of EverQuote in a research report on Tuesday, August 5th. Four 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 company currently has a consensus rating of "Buy" and a consensus target price of $32.40.
View Our Latest Stock Report on EVER
EverQuote Profile
(
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.
Further Reading
Want to see what other hedge funds are holding EVER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EverQuote, Inc. (NASDAQ:EVER - Free Report).

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