Lazard Asset Management LLC Increases Stake in EverQuote, Inc. (NASDAQ:EVER)

Lazard Asset Management LLC boosted its stake in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 75.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,383 shares of the company's stock after purchasing an additional 22,560 shares during the period. Lazard Asset Management LLC owned about 0.15% of EverQuote worth $1,047,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of EVER. Franklin Resources Inc. increased its stake in EverQuote by 116.6% in the 3rd quarter. Franklin Resources Inc. now owns 58,781 shares of the company's stock worth $1,147,000 after purchasing an additional 31,644 shares during the period. SG Americas Securities LLC increased its stake in EverQuote by 105.1% in the 4th quarter. SG Americas Securities LLC now owns 27,281 shares of the company's stock worth $545,000 after purchasing an additional 13,978 shares during the period. Inspire Investing LLC increased its stake in EverQuote by 25.8% in the 4th quarter. Inspire Investing LLC now owns 48,148 shares of the company's stock worth $962,000 after purchasing an additional 9,868 shares during the period. R Squared Ltd purchased a new position in EverQuote in the 4th quarter worth approximately $34,000. Finally, 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 purchasing an additional 2,042 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

EverQuote Stock Performance

EVER opened at $23.99 on Tuesday. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $30.03. The stock has a market capitalization of $857.02 million, a PE ratio of 70.56 and a beta of 0.45. The stock's 50 day moving average price is $24.35 and its 200-day moving average price is $21.65.

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

Insider Buying and Selling

In other EverQuote news, CAO Jon Ayotte sold 7,647 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $25.72, for a total value of $196,680.84. Following the sale, the chief accounting officer now directly owns 58,045 shares of the company's stock, valued at approximately $1,492,917.40. The trade was a 11.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David B. Blundin sold 77,600 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $28.67, for a total value of $2,224,792.00. Following the completion of the sale, the director now directly owns 97,920 shares in the company, valued at $2,807,366.40. This trade represents a 44.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 193,967 shares of company stock valued at $5,278,231 over the last ninety days. Company insiders own 29.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EVER shares. Canaccord Genuity Group decreased their price target on 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. boosted 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, Needham & Company LLC reissued a "buy" rating and set a $38.00 target price on shares of EverQuote in a research note on Tuesday, May 6th. Five equities 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 data from MarketBeat.com, EverQuote currently has an average rating of "Buy" and an average price target of $32.50.

EverQuote 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.

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