Graham Capital Management L.P. Raises Stock Position in EverQuote, Inc. (NASDAQ:EVER)

Graham Capital Management L.P. grew its position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 85.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,790 shares of the company's stock after buying an additional 15,994 shares during the period. Graham Capital Management L.P. owned 0.10% of EverQuote worth $695,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of EverQuote during the fourth quarter worth $34,000. Asset Management One Co. Ltd. lifted its holdings in EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock worth $90,000 after purchasing an additional 2,042 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in EverQuote in the 4th quarter worth about $90,000. AlphaQuest LLC boosted its stake in EverQuote by 53.9% in the 4th quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock worth $154,000 after purchasing an additional 2,698 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in 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 buying an additional 1,724 shares in the last quarter. Institutional investors own 91.54% of the company's stock.

EverQuote Stock Down 2.0%

Shares of NASDAQ EVER traded down $0.49 during mid-day trading on Tuesday, reaching $23.50. 167,054 shares of the company were exchanged, compared to its average volume of 609,035. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03. The stock has a market capitalization of $839.51 million, a PE ratio of 69.12 and a beta of 0.45. The company's 50 day moving average price is $24.35 and its 200 day moving average price is $21.65.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.18. The company had revenue of $147.46 million for the quarter, compared to analysts' expectations of $133.83 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. On average, sell-side analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Insiders Place Their Bets

In other news, CTO David Brainard sold 6,609 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $21.49, for a total transaction of $142,027.41. Following the completion of the sale, the chief technology officer now directly owns 156,783 shares in the company, valued at approximately $3,369,266.67. This represents a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jayme Mendal sold 14,360 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $21.36, for a total value of $306,729.60. Following the transaction, the chief executive officer now owns 587,509 shares in the company, valued at approximately $12,549,192.24. This represents a 2.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 193,967 shares of company stock valued at $5,278,231. 29.79% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EVER. 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. Canaccord Genuity Group cut their price target on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a report on Monday, February 24th. Finally, Needham & Company LLC restated a "buy" rating and set a $38.00 price target on shares of EverQuote in a research report on Tuesday, May 6th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average 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.