EverQuote, Inc. (NASDAQ:EVER) Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC increased its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 37.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 51,907 shares of the company's stock after purchasing an additional 14,196 shares during the period. Gotham Asset Management LLC owned 0.15% of EverQuote worth $1,038,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of EverQuote by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company's stock valued at $40,314,000 after purchasing an additional 24,347 shares during the last quarter. Toronado Partners LLC raised its stake in EverQuote by 59.7% during the 4th quarter. Toronado Partners LLC now owns 718,774 shares of the company's stock valued at $14,368,000 after acquiring an additional 268,670 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in EverQuote by 32.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company's stock valued at $13,076,000 after acquiring an additional 161,426 shares during the last quarter. Divisadero Street Capital Management LP purchased a new stake in EverQuote during the 4th quarter valued at approximately $12,311,000. Finally, Geode Capital Management LLC raised its stake in EverQuote by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 600,365 shares of the company's stock valued at $12,004,000 after acquiring an additional 5,210 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EVER has been the subject of several analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $38.00 price objective on shares of EverQuote in a research note on Tuesday, May 6th. Canaccord Genuity Group reduced their price objective on EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. upped their price objective on EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating 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 company's stock. According to MarketBeat, EverQuote has a consensus rating of "Buy" and a consensus target price of $32.50.

EverQuote Price Performance

NASDAQ EVER traded down $1.04 on Wednesday, hitting $22.61. 548,748 shares of the company's stock were exchanged, compared to its average volume of 548,972. The firm's 50-day moving average price is $24.30 and its two-hundred day moving average price is $21.66. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03. The firm has a market cap of $807.72 million, a price-to-earnings ratio of 66.50 and a beta of 0.45.

EverQuote (NASDAQ:EVER - Get Free Report) last released its 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 return on equity of 13.94% and a net margin of 3.31%. The company had revenue of $147.46 million for the quarter, compared to analysts' expectations of $133.83 million. On average, research analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CTO David Brainard sold 6,609 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $21.49, for a total value of $142,027.41. Following the sale, the chief technology officer now owns 156,783 shares in the company, valued at $3,369,266.67. This represents a 4.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $28.75, for a total value of $29,382.50. Following the completion of the sale, the insider now owns 3,498,667 shares in the company, valued at approximately $100,586,676.25. This represents a 0.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 193,238 shares of company stock worth $5,264,349. Company insiders own 29.79% of the company's stock.

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.