Squarepoint Ops LLC Purchases 119,189 Shares of EverQuote, Inc. (NASDAQ:EVER)

Squarepoint Ops LLC boosted its holdings in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 47.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 371,595 shares of the company's stock after purchasing an additional 119,189 shares during the period. Squarepoint Ops LLC owned 1.05% of EverQuote worth $7,428,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Counterpoint Mutual Funds LLC grew its holdings in shares of EverQuote by 74.3% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 38,053 shares of the company's stock worth $761,000 after purchasing an additional 16,217 shares during the last quarter. Intech Investment Management LLC acquired a new position in EverQuote in the fourth quarter valued at approximately $236,000. Jump Financial LLC boosted its stake in EverQuote by 18.2% in the fourth quarter. Jump Financial LLC now owns 72,000 shares of the company's stock valued at $1,439,000 after acquiring an additional 11,072 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in EverQuote by 24.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 210,700 shares of the company's stock worth $4,212,000 after acquiring an additional 41,500 shares during the period. Finally, Lighthouse Investment Partners LLC acquired a new stake in EverQuote during the 4th quarter worth $2,713,000. Institutional investors own 91.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Needham & Company LLC reissued a "buy" rating and issued a $38.00 price target on shares of EverQuote in a research note on Tuesday, May 6th. JPMorgan Chase & Co. increased their target price on EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Finally, Canaccord Genuity Group reduced their target price on EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $32.50.

EverQuote Stock Up 3.6%

EVER traded up $0.81 during trading hours on Tuesday, hitting $23.40. 561,966 shares of the company's stock were exchanged, compared to its average volume of 552,189. The stock has a market cap of $835.94 million, a price-to-earnings ratio of 68.82 and a beta of 0.45. EverQuote, Inc. has a 1-year low of $16.63 and a 1-year high of $30.03. The stock's 50-day moving average is $23.93 and its two-hundred day moving average is $21.81.

EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.15 by $0.18. The firm had revenue of $147.46 million for the quarter, compared to analysts' expectations of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. On average, equities research analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current year.

Insider Activity at EverQuote

In other EverQuote news, major shareholder Ventures Lllp Link sold 1,022 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $28.75, for a total value of $29,382.50. Following the transaction, the insider now directly owns 3,498,667 shares in the company, valued at $100,586,676.25. The trade was a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jayme Mendal sold 14,360 shares of the firm'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 $338,034.40. Following the sale, the chief executive officer now owns 573,149 shares of the company's stock, valued at $13,491,927.46. This trade represents a 2.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 206,924 shares of company stock valued at $5,601,873. 29.79% of the stock is owned by insiders.

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.