Sherbrooke Park Advisers LLC Increases Position in EverQuote, Inc. (NASDAQ:EVER)

Sherbrooke Park Advisers LLC grew its stake in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 94.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,282 shares of the company's stock after acquiring an additional 17,648 shares during the quarter. Sherbrooke Park Advisers LLC owned about 0.10% of EverQuote worth $725,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in EVER. Franklin Resources Inc. lifted its holdings in shares of EverQuote by 116.6% in the 3rd quarter. Franklin Resources Inc. now owns 58,781 shares of the company's stock worth $1,147,000 after acquiring an additional 31,644 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of EverQuote by 105.1% in the 4th quarter. SG Americas Securities LLC now owns 27,281 shares of the company's stock worth $545,000 after acquiring an additional 13,978 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of EverQuote by 25.8% in the 4th quarter. Inspire Investing LLC now owns 48,148 shares of the company's stock worth $962,000 after acquiring an additional 9,868 shares during the last quarter. R Squared Ltd acquired a new position in shares of EverQuote in the 4th quarter worth approximately $34,000. Finally, Asset Management One Co. Ltd. increased its stake in EverQuote by 80.4% during the fourth 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 during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EVER shares. Needham & Company LLC restated a "buy" rating and issued a $38.00 price target on shares of EverQuote in a research note on Tuesday, May 6th. Canaccord Genuity Group cut their price target on EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. lifted 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. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, EverQuote presently has a consensus rating of "Buy" and an average target price of $32.50.

EverQuote Price Performance

Shares of EVER traded up $0.07 during mid-day trading on Thursday, reaching $22.68. The company's stock had a trading volume of 201,804 shares, compared to its average volume of 548,246. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03. The stock has a market cap of $810.08 million, a PE ratio of 66.71 and a beta of 0.45. The company's 50 day moving average is $24.22 and its 200 day moving average is $21.67.

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

Insider Activity at EverQuote

In other EverQuote news, Director David B. Blundin sold 77,600 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $28.67, for a total transaction of $2,224,792.00. Following the transaction, the director now owns 97,920 shares of the company's stock, valued at approximately $2,807,366.40. This trade represents a 44.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the firm'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 transaction, the insider now owns 3,498,667 shares in the company, valued at approximately $100,586,676.25. This trade represents a 0.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 186,629 shares of company stock valued at $5,122,322 over the last ninety days. 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.