Legato Capital Management LLC Increases Stake in EverQuote, Inc. (NASDAQ:EVER)

Legato Capital Management LLC boosted its stake in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 75.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,308 shares of the company's stock after purchasing an additional 23,781 shares during the period. Legato Capital Management LLC owned approximately 0.15% of EverQuote worth $1,449,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new stake in EverQuote during the 4th quarter worth approximately $90,000. FNY Investment Advisers LLC purchased a new stake in EverQuote during the 1st quarter worth approximately $157,000. Tower Research Capital LLC TRC boosted its position in EverQuote by 23.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company's stock valued at $179,000 after buying an additional 1,724 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in EverQuote in the fourth quarter valued at approximately $180,000. Finally, Arizona State Retirement System purchased a new stake in EverQuote in the first quarter valued at approximately $202,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

Insiders Place Their Bets

In other EverQuote news, CFO Joseph Sanborn sold 1,063 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $24.13, for a total value of $25,650.19. Following the sale, the chief financial officer owned 261,390 shares in the company, valued at approximately $6,307,340.70. This represents a 0.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John L. Shields sold 2,000 shares of the company's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $24.30, for a total value of $48,600.00. Following the completion of the sale, the director owned 31,219 shares in the company, valued at approximately $758,621.70. This represents a 6.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,162 shares of company stock worth $1,524,781. Corporate insiders own 29.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on EVER shares. JPMorgan Chase & Co. upped their target price on EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Needham & Company LLC reiterated a "buy" rating and issued a $38.00 target price on shares of EverQuote in a research report on Tuesday, May 6th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $32.50.

EverQuote Trading Down 0.6%

EverQuote stock traded down $0.15 during mid-day trading on Friday, hitting $25.71. The company had a trading volume of 614,016 shares, compared to its average volume of 345,187. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03. The company's fifty day moving average is $24.39 and its 200-day moving average is $23.53. The company has a market capitalization of $918.36 million, a price-to-earnings ratio of 25.21 and a beta of 0.34.

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.