Lazard Asset Management LLC increased its position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 75.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,383 shares of the company's stock after acquiring an additional 22,560 shares during the quarter. Lazard Asset Management LLC owned about 0.15% of EverQuote worth $1,047,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of EVER. Franklin Resources Inc. raised its stake in shares of EverQuote by 116.6% during the 3rd quarter. Franklin Resources Inc. now owns 58,781 shares of the company's stock worth $1,147,000 after acquiring an additional 31,644 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of EverQuote by 105.1% during the 4th quarter. SG Americas Securities LLC now owns 27,281 shares of the company's stock worth $545,000 after acquiring an additional 13,978 shares in the last quarter. Inspire Investing LLC raised its stake in shares of EverQuote by 25.8% during the 4th quarter. Inspire Investing LLC now owns 48,148 shares of the company's stock worth $962,000 after acquiring an additional 9,868 shares in the last quarter. R Squared Ltd bought a new position in shares of EverQuote during the 4th quarter worth approximately $34,000. Finally, Asset Management One Co. Ltd. raised its stake in shares of 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 acquiring an additional 2,042 shares in the last quarter. Institutional investors own 91.54% of the company's stock.
EverQuote Price Performance
NASDAQ:EVER traded down $0.06 during trading hours on Friday, hitting $22.59. 412,667 shares of the company were exchanged, compared to its average volume of 552,150. The stock has a market capitalization of $807.01 million, a price-to-earnings ratio of 66.44 and a beta of 0.45. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $30.03. The company's 50 day moving average price is $24.04 and its 200-day moving average price is $21.78.
EverQuote (NASDAQ:EVER - Get Free Report) last released its 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 the consensus estimate of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. On average, equities analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current year.
Insider Activity
In related news, CTO David Brainard sold 2,238 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $26.14, for a total value of $58,501.32. Following the completion of the transaction, the chief technology officer now directly owns 153,336 shares in the company, valued at $4,008,203.04. The trade was a 1.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David B. Blundin sold 77,600 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $28.67, for a total transaction of $2,224,792.00. Following the completion of the transaction, the director now owns 97,920 shares of the company's stock, valued at approximately $2,807,366.40. This represents a 44.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 206,924 shares of company stock valued at $5,601,873 in the last ninety days. Insiders own 29.79% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Needham & Company LLC reiterated a "buy" rating and set a $38.00 price objective on shares of EverQuote in a research note on Tuesday, May 6th. Finally, Canaccord Genuity Group dropped their target price 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 company's stock. According to MarketBeat, EverQuote has a consensus rating of "Buy" and an average price target of $32.50.
Read Our Latest Analysis on EverQuote
About EverQuote
(
Free Report)
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.
Further Reading
Before you consider EverQuote, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EverQuote wasn't on the list.
While EverQuote currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
