Point72 Asset Management L.P. Has $9.22 Million Holdings in EverQuote, Inc. (NASDAQ:EVER)

Point72 Asset Management L.P. raised its stake in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 2,301.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 461,013 shares of the company's stock after buying an additional 441,815 shares during the quarter. Point72 Asset Management L.P. owned about 1.30% of EverQuote worth $9,216,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of EverQuote by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company's stock worth $40,314,000 after buying an additional 24,347 shares during the period. Toronado Partners LLC grew its position in shares of EverQuote by 59.7% during the 4th quarter. Toronado Partners LLC now owns 718,774 shares of the company's stock worth $14,368,000 after buying an additional 268,670 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of EverQuote by 32.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company's stock worth $13,076,000 after buying an additional 161,426 shares during the period. Divisadero Street Capital Management LP acquired a new position in shares of EverQuote during the 4th quarter worth about $12,311,000. Finally, Geode Capital Management LLC grew its position in shares of EverQuote by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 600,365 shares of the company's stock worth $12,004,000 after buying an additional 5,210 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other EverQuote news, major shareholder Ventures Lllp Link sold 1,022 shares of the company's stock in a transaction that occurred 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 owns 3,498,667 shares of the company's stock, valued at $100,586,676.25. This represents a 0.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO David Brainard sold 6,609 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $23.54, for a total value of $155,575.86. Following the transaction, the chief technology officer now directly owns 142,665 shares of the company's stock, valued at approximately $3,358,334.10. This trade represents a 4.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,924 shares of company stock valued at $5,601,873 in the last quarter. 29.79% of the stock is currently owned by insiders.

EverQuote Stock Down 0.3%

Shares of EVER traded down $0.06 on Friday, hitting $22.59. The company's stock had a trading volume of 412,667 shares, compared to its average volume of 552,150. The firm's fifty day moving average price is $24.04 and its 200-day moving average price is $21.75. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03. The firm has a market capitalization of $807.01 million, a price-to-earnings ratio of 66.44 and a beta of 0.45.

EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm had revenue of $147.46 million during the quarter, compared to the consensus estimate of $133.83 million. As a group, equities analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Needham & Company LLC restated a "buy" rating and set a $38.00 target price on shares of EverQuote in a research report on Tuesday, May 6th. JPMorgan Chase & Co. boosted 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. Finally, Canaccord Genuity Group decreased their price objective on EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, February 24th. 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 has a consensus rating of "Buy" and an average target price of $32.50.

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.