Millennium Management LLC Reduces Stock Position in EverQuote, Inc. (NASDAQ:EVER)

Millennium Management LLC cut its holdings in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 14.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 562,984 shares of the company's stock after selling 98,889 shares during the period. Millennium Management LLC owned 1.59% of EverQuote worth $11,254,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in EverQuote in the fourth quarter worth approximately $34,000. KLP Kapitalforvaltning AS bought a new stake in shares of EverQuote during the 4th quarter valued at $90,000. Asset Management One Co. Ltd. raised its position 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 valued at $90,000 after purchasing an additional 2,042 shares during the period. AlphaQuest LLC raised its position in shares of EverQuote by 53.9% during the 4th quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock valued at $154,000 after purchasing an additional 2,698 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of EverQuote by 23.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company's stock valued at $179,000 after purchasing an additional 1,724 shares during the period. 91.54% of the stock is currently owned by institutional investors.

Insider Activity at EverQuote

In related news, CEO Jayme Mendal sold 65,117 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $28.07, for a total transaction of $1,827,834.19. Following the completion of the transaction, the chief executive officer now directly owns 619,156 shares of the company's stock, valued at approximately $17,379,708.92. This trade represents a 9.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Ventures Lllp Link sold 1,022 shares of EverQuote stock in a transaction on Monday, March 24th. The stock was sold at an average price of $28.75, for a total transaction of $29,382.50. Following the completion of the transaction, the insider now directly owns 3,498,667 shares of the company's stock, valued at $100,586,676.25. The trade was a 0.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,039 shares of company stock valued at $5,346,691. Corporate insiders own 29.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Needham & Company LLC restated a "buy" rating and set a $38.00 price objective on shares of EverQuote in a research report on Tuesday, May 6th. Canaccord Genuity Group decreased their price objective 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $32.50.

EverQuote Trading Down 0.6%

EVER traded down $0.13 during trading on Thursday, hitting $23.13. 49,163 shares of the company traded hands, compared to its average volume of 550,835. The company has a market cap of $826.30 million, a PE ratio of 68.03 and a beta of 0.45. The stock's 50-day simple moving average is $23.72 and its two-hundred day simple moving average is $21.83. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $30.03.

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

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.