Russell Investments Group Ltd. Sells 99,959 Shares of EverQuote, Inc. (NASDAQ:EVER)

Russell Investments Group Ltd. lessened its holdings in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 86.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,259 shares of the company's stock after selling 99,959 shares during the quarter. Russell Investments Group Ltd.'s holdings in EverQuote were worth $304,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in EverQuote during the fourth quarter worth $34,000. Asset Management One Co. Ltd. boosted its holdings 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 worth $90,000 after buying an additional 2,042 shares during the period. KLP Kapitalforvaltning AS acquired a new position in EverQuote in the 4th quarter valued at about $90,000. AlphaQuest LLC raised its holdings in EverQuote by 53.9% in the 4th quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock valued at $154,000 after acquiring an additional 2,698 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in EverQuote in the 4th quarter valued at about $205,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

EverQuote Trading Up 0.0 %

Shares of EVER traded up $0.01 during mid-day trading on Wednesday, reaching $23.74. 665,973 shares of the stock traded hands, compared to its average volume of 547,020. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $30.03. The firm has a fifty day moving average price of $24.56 and a 200 day moving average price of $21.08. The company has a market cap of $848.09 million, a price-to-earnings ratio of 69.82 and a beta of 0.77.

EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.18. The firm had revenue of $147.46 million during the quarter, compared to the consensus estimate 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 anticipate that EverQuote, Inc. will post 0.72 EPS for the current year.

Analyst Upgrades and Downgrades

EVER has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price target on shares of EverQuote from $25.00 to $29.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Canaccord Genuity Group dropped their price target on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Finally, Needham & Company LLC increased their price target on EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, EverQuote has a consensus rating of "Buy" and a consensus price target of $32.33.

Insider Activity at EverQuote

In other EverQuote news, CAO Jon Ayotte sold 7,647 shares of EverQuote stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $25.72, for a total value of $196,680.84. Following the transaction, the chief accounting officer now directly owns 58,045 shares of the company's stock, valued at $1,492,917.40. The trade was a 11.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David B. Blundin sold 77,600 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $28.67, for a total value of $2,224,792.00. Following the completion of the sale, the director now owns 97,920 shares of the company's stock, valued at $2,807,366.40. The trade was a 44.21 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 193,967 shares of company stock valued at $5,278,231. Corporate insiders own 29.79% of the company's stock.

About EverQuote

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.