Squarepoint Ops LLC Takes Position in EverQuote, Inc. $EVER

Key Points

• Squarepoint Ops LLC acquired 121,453 EverQuote shares during the second quarter, valued at approximately $2.89 million. Institutional investors collectively own 91.54% of the company.
• EverQuote reported quarterly EPS of $0.53, exceeding estimates by $0.01, while revenue rose 24.6% year over year to $195.09 million. Analysts expect $1.72 in full-year EPS.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $28.17, although insiders sold 42,043 shares worth about $1.06 million over the past 90 days.

Squarepoint Ops LLC bought a new stake in EverQuote, Inc. (NASDAQ:EVER - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 121,453 shares of the company's stock, valued at approximately $2,889,000. Squarepoint Ops LLC owned about 0.34% of EverQuote at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Royal Bank of Canada increased its position in shares of EverQuote by 1,705.9% during the first quarter. Royal Bank of Canada now owns 65,428 shares of the company's stock worth $1,713,000 after purchasing an additional 61,805 shares in the last quarter. Amundi acquired a new position in EverQuote during the first quarter worth approximately $290,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in EverQuote by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company's stock valued at $393,000 after buying an additional 624 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in EverQuote by 615.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company's stock valued at $8,896,000 after buying an additional 292,172 shares during the last quarter. Finally, Creative Planning boosted its holdings in shares of EverQuote by 32.4% in the second quarter. Creative Planning now owns 10,526 shares of the company's stock valued at $255,000 after acquiring an additional 2,576 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

EverQuote Stock Performance

EverQuote stock opened at $23.98 on Monday. The company has a market cap of $864.00 million, a P/E ratio of 7.79 and a beta of 0.67. EverQuote, Inc. has a one year low of $13.88 and a one year high of $28.73. The business has a fifty day moving average of $25.19 and a two-hundred day moving average of $20.50.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.01. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The business had revenue of $195.09 million for the quarter, compared to analysts' expectations of $191.06 million. During the same period in the prior year, the company posted $0.39 EPS. The business's revenue for the quarter was up 24.6% on a year-over-year basis. Sell-side analysts predict that EverQuote, Inc. will post 1.72 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on EVER shares. Weiss Ratings raised shares of EverQuote from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 26th. Wall Street Zen upgraded shares of EverQuote from a "hold" rating to a "buy" rating in a research note on Saturday. B. Riley Financial reissued a "buy" rating and set a $34.00 price objective (up from $30.00) on shares of EverQuote in a research report on Tuesday, August 4th. Zacks Research lowered shares of EverQuote from a "hold" rating to a "strong sell" rating in a research note on Friday, August 7th. Finally, Needham & Company LLC upped their target price on shares of EverQuote from $25.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.17.

Insider Buying and Selling

In other EverQuote news, CFO Joseph Sanborn sold 6,667 shares of the business's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $25.51, for a total transaction of $170,075.17. Following the sale, the chief financial officer directly owned 305,241 shares in the company, valued at approximately $7,786,697.91. The trade was a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mira Wilczek sold 9,500 shares of the company's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $25.07, for a total value of $238,165.00. Following the completion of the sale, the director directly owned 110,353 shares in the company, valued at $2,766,549.71. This trade represents a 7.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 42,043 shares of company stock valued at $1,058,112 in the last 90 days. 23.68% of the stock is owned by corporate insiders.

EverQuote Profile

EverQuote, Inc NASDAQ: EVER operates an online insurance marketplace that connects consumers with insurance providers and agents. The company uses data, technology and digital marketing to help shoppers compare insurance options and connect with providers that may be able to meet their coverage needs.

EverQuote's marketplace has primarily focused on auto insurance and has also supported shopping for home, renters, life, health and commercial insurance products. Its platform provides insurance companies and agencies with consumer leads and customer-acquisition solutions designed to help them reach prospective policyholders.

Founded in 2011 and headquartered in Cambridge, Massachusetts, EverQuote serves consumers and insurance providers in the United States.

Want to see what other hedge funds are holding EVER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EverQuote, Inc. (NASDAQ:EVER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.