Gotham Asset Management LLC Buys 14,196 Shares of EverQuote, Inc. (NASDAQ:EVER)

Gotham Asset Management LLC grew its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 37.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,907 shares of the company's stock after acquiring an additional 14,196 shares during the period. Gotham Asset Management LLC owned about 0.15% of EverQuote worth $1,038,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EVER. R Squared Ltd acquired a new position in shares of EverQuote in the fourth quarter valued at approximately $34,000. Asset Management One Co. Ltd. grew its holdings in EverQuote by 80.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock valued at $90,000 after purchasing an additional 2,042 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in EverQuote during the fourth quarter worth approximately $90,000. AlphaQuest LLC grew its stake in EverQuote by 53.9% during the fourth quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock worth $154,000 after buying an additional 2,698 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in 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 buying an additional 1,724 shares during the period. Hedge funds and other institutional investors own 91.54% of the company's stock.

EverQuote Stock Down 0.3%

NASDAQ EVER traded down $0.06 during trading on Friday, reaching $22.59. 412,667 shares of the stock traded hands, compared to its average volume of 551,277. The firm has a market cap of $807.01 million, a price-to-earnings ratio of 66.44 and a beta of 0.45. The stock's 50-day moving average price is $24.04 and its 200 day moving average price is $21.74. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on EVER shares. JPMorgan Chase & Co. increased their price target on shares of 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 reiterated a "buy" rating and issued a $38.00 price objective on shares of EverQuote in a report on Tuesday, May 6th. Finally, Canaccord Genuity Group dropped their price target on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $32.50.

Insider Buying and Selling

In related news, Director John L. Shields sold 2,000 shares of the company's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $20.93, for a total value of $41,860.00. Following the transaction, the director now directly owns 26,515 shares in the company, valued at approximately $554,958.95. This represents a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $28.75, for a total transaction of $29,382.50. Following the completion of the transaction, the insider now directly owns 3,498,667 shares of the company's stock, valued at $100,586,676.25. This trade represents a 0.03% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 206,924 shares of company stock worth $5,601,873. Insiders own 29.79% of the company's stock.

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.