Warm Springs Advisors Inc. Acquires Shares of 75,000 EverQuote, Inc. (NASDAQ:EVER)

Warm Springs Advisors Inc. acquired a new position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 75,000 shares of the company's stock, valued at approximately $1,499,000. EverQuote comprises about 1.4% of Warm Springs Advisors Inc.'s portfolio, making the stock its 25th largest holding. Warm Springs Advisors Inc. owned approximately 0.21% of EverQuote as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in EverQuote by 34.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,500 shares of the company's stock worth $950,000 after buying an additional 12,118 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of EverQuote by 47.2% during the fourth quarter. Squarepoint Ops LLC now owns 371,595 shares of the company's stock worth $7,428,000 after acquiring an additional 119,189 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of EverQuote by 59.7% in the 4th quarter. Two Sigma Advisers LP now owns 52,700 shares of the company's stock worth $1,053,000 after acquiring an additional 19,700 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of EverQuote by 258.2% in the 4th quarter. Two Sigma Investments LP now owns 177,843 shares of the company's stock worth $3,555,000 after acquiring an additional 128,194 shares during the last quarter. Finally, State of Wyoming boosted its stake in shares of EverQuote by 51.5% in the 4th quarter. State of Wyoming now owns 11,353 shares of the company's stock valued at $227,000 after purchasing an additional 3,858 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at EverQuote

In other EverQuote news, 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 transaction of $155,575.86. Following the transaction, the chief technology officer now owns 142,665 shares in the company, valued at approximately $3,358,334.10. This represents a 4.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jayme Mendal sold 65,117 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 619,156 shares of the company's stock, valued at $17,379,708.92. This represents a 9.52% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 197,039 shares of company stock valued at $5,346,691. 29.79% of the stock is currently owned by company insiders.

EverQuote Trading Down 1.5%

Shares of EVER stock traded down $0.35 during mid-day trading on Thursday, reaching $22.92. The stock had a trading volume of 111,481 shares, compared to its average volume of 551,101. The firm has a market capitalization of $818.62 million, a PE ratio of 67.44 and a beta of 0.45. The stock's 50-day moving average price is $23.72 and its two-hundred day moving average price is $21.83. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $30.03.

EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, beating 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 business had revenue of $147.46 million during the quarter, compared to analyst estimates of $133.83 million. On average, equities research analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EVER. Needham & Company LLC reiterated a "buy" rating and issued a $38.00 target price on shares of EverQuote in a research report on Tuesday, May 6th. JPMorgan Chase & Co. raised their price objective on EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Finally, Canaccord Genuity Group lowered their target price on EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target 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.