Mackenzie Financial Corp Has $1.56 Million Stake in EverQuote, Inc. (NASDAQ:EVER)

Key Points

• Mackenzie Financial Corp has reduced its stake in EverQuote, Inc. by 43.1%, now holding 59,362 shares worth approximately $1.56 million.
• Insider transactions include CEO Jayme Mendal selling 14,360 shares and Director John L. Shields selling 2,000 shares, reflecting a decrease in their ownership stakes.
• Analysts have issued mixed ratings on EverQuote, with an average target price of $32.50 and a buy rating from five investment analysts.

Mackenzie Financial Corp decreased its holdings in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 43.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,362 shares of the company's stock after selling 44,941 shares during the quarter. Mackenzie Financial Corp owned approximately 0.17% of EverQuote worth $1,555,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new position in EverQuote during the fourth quarter worth $90,000. FNY Investment Advisers LLC acquired a new position in EverQuote during the first quarter worth $157,000. Tower Research Capital LLC TRC boosted its holdings in EverQuote by 23.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company's stock worth $179,000 after purchasing an additional 1,724 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in EverQuote during the fourth quarter worth $180,000. Finally, Arizona State Retirement System bought a new stake in EverQuote during the first quarter worth $202,000. Institutional investors and hedge funds own 91.54% of the company's stock.

Insider Buying and Selling

In other news, CEO Jayme Mendal sold 14,360 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $24.87, for a total value of $357,133.20. Following the transaction, the chief executive officer directly owned 527,140 shares of the company's stock, valued at $13,109,971.80. This represents a 2.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Shields sold 2,000 shares of the firm's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $24.30, for a total transaction of $48,600.00. Following the transaction, the director directly owned 31,219 shares in the company, valued at approximately $758,621.70. This represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,162 shares of company stock valued at $1,524,781. 29.79% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on EVER. JPMorgan Chase & Co. upped their price target on shares of EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $38.00 price target on shares of EverQuote in a research report on Tuesday, May 6th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $32.50.

EverQuote Price Performance

Shares of EVER opened at $25.76 on Tuesday. The firm has a market capitalization of $920.15 million, a PE ratio of 25.26 and a beta of 0.37. The company's 50-day moving average is $24.59 and its 200-day moving average is $23.83. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03.

EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. The company had revenue of $156.63 million for the quarter, compared to analyst estimates of $157.19 million. EverQuote had a net margin of 6.64% and a return on equity of 35.40%. The company's revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 earnings per share. Analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

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.

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