D. E. Shaw & Co. Inc. Reduces Position in EverQuote, Inc. (NASDAQ:EVER)

D. E. Shaw & Co. Inc. trimmed its holdings in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 21.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 44,567 shares of the company's stock after selling 11,946 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.13% of EverQuote worth $891,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in EverQuote in the 4th quarter valued at approximately $34,000. KLP Kapitalforvaltning AS purchased a new stake in shares of EverQuote in the 4th quarter worth $90,000. Asset Management One Co. Ltd. increased its stake in EverQuote by 80.4% in 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 in the last quarter. AlphaQuest LLC increased its stake in EverQuote by 53.9% in the 4th quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock worth $154,000 after buying an additional 2,698 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake 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 in the last quarter. 91.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EVER shares. Canaccord Genuity Group dropped their price objective on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a report on Monday, February 24th. JPMorgan Chase & Co. lifted their price target on shares of EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $32.50.

EverQuote Price Performance

NASDAQ EVER traded up $0.81 on Tuesday, hitting $23.40. The stock had a trading volume of 561,966 shares, compared to its average volume of 552,189. The business's fifty day moving average price is $23.93 and its 200 day moving average price is $21.81. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $30.03. 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 (NASDAQ:EVER - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.18. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. As a group, sell-side analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Jon Ayotte sold 7,647 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $25.72, for a total transaction of $196,680.84. Following the sale, the chief accounting officer now directly owns 58,045 shares of the company's stock, valued at $1,492,917.40. The trade was a 11.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO David Brainard sold 6,609 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $23.54, for a total transaction of $155,575.86. Following the sale, the chief technology officer now directly owns 142,665 shares in the company, valued at $3,358,334.10. This trade represents a 4.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 206,924 shares of company stock valued at $5,601,873. 29.79% of the stock is currently owned by insiders.

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.