Mackenzie Financial Corp Boosts Stock Position in EverQuote, Inc. (NASDAQ:EVER)

Mackenzie Financial Corp increased its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 65.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,303 shares of the company's stock after purchasing an additional 41,222 shares during the period. Mackenzie Financial Corp owned approximately 0.30% of EverQuote worth $2,085,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of EverQuote by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company's stock valued at $40,314,000 after buying an additional 24,347 shares during the period. Toronado Partners LLC raised its position in EverQuote by 59.7% in the 4th quarter. Toronado Partners LLC now owns 718,774 shares of the company's stock worth $14,368,000 after purchasing an additional 268,670 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in EverQuote by 32.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company's stock valued at $13,076,000 after buying an additional 161,426 shares during the period. Divisadero Street Capital Management LP purchased a new stake in EverQuote during the 4th quarter valued at about $12,311,000. Finally, Geode Capital Management LLC increased its stake in EverQuote by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 600,365 shares of the company's stock worth $12,004,000 after purchasing an additional 5,210 shares during the period. Institutional investors and hedge funds own 91.54% of the company's stock.

Insiders Place Their Bets

In related news, CEO Jayme Mendal sold 65,117 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $28.07, for a total value of $1,827,834.19. Following the sale, the chief executive officer now directly owns 619,156 shares in the company, valued at approximately $17,379,708.92. The trade was a 9.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO David Brainard sold 1,291 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $23.11, for a total value of $29,835.01. Following the sale, the chief technology officer now directly owns 141,374 shares in the company, valued at $3,267,153.14. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 198,330 shares of company stock worth $5,376,526 in the last three months. 29.79% of the stock is owned by company insiders.

EverQuote Stock Down 0.6%

EVER stock traded down $0.15 during trading on Wednesday, reaching $24.13. The company's stock had a trading volume of 303,898 shares, compared to its average volume of 549,347. The company's fifty day moving average is $23.26 and its 200-day moving average is $21.97. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $30.03. The company has a market capitalization of $862.02 million, a P/E ratio of 70.97 and a beta of 0.33.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Needham & Company LLC restated a "buy" rating and issued a $38.00 price objective on shares of EverQuote in a report on Tuesday, May 6th. Canaccord Genuity Group reduced their target price on EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a report 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 report 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 stock. According to data from MarketBeat.com, EverQuote presently has a consensus rating of "Buy" and a consensus 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.