D. E. Shaw & Co. Inc. Trims Stock Holdings in EverQuote, Inc. (NASDAQ:EVER)

D. E. Shaw & Co. Inc. lowered its stake in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 21.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,567 shares of the company's stock after selling 11,946 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.13% of EverQuote worth $891,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of EverQuote during the fourth quarter worth about $34,000. Asset Management One Co. Ltd. boosted its position in EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock worth $90,000 after buying an additional 2,042 shares during the period. KLP Kapitalforvaltning AS bought a new stake in EverQuote during the 4th quarter worth approximately $90,000. AlphaQuest LLC increased its position in EverQuote by 53.9% in the 4th quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock valued at $154,000 after acquiring an additional 2,698 shares during the period. Finally, Tower Research Capital LLC TRC increased 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 acquiring an additional 1,724 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

EverQuote Stock Down 0.6%

EVER traded down $0.14 during trading on Thursday, reaching $23.12. 338,478 shares of the stock traded hands, compared to its average volume of 552,880. The stock's 50-day moving average is $23.60 and its 200 day moving average is $21.84. EverQuote, Inc. has a 12 month low of $16.63 and a 12 month high of $30.03. The stock has a market capitalization of $825.94 million, a PE ratio of 68.00 and a beta of 0.45.

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

Insiders Place Their Bets

In other EverQuote news, Director David B. Blundin sold 8,746 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 transaction of $251,447.50. Following the transaction, the director now owns 89,174 shares in the company, valued at approximately $2,563,752.50. This represents a 8.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Ventures Lllp Link sold 1,022 shares of EverQuote stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $28.75, for a total transaction of $29,382.50. Following the transaction, the insider now owns 3,498,667 shares of the company's stock, valued at $100,586,676.25. This represents a 0.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 198,330 shares of company stock worth $5,376,526. 29.79% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EVER has been the topic of several analyst reports. Canaccord Genuity Group reduced their price objective on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. upped their price target on EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Finally, 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. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $32.50.

EverQuote Company 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.