Voya Investment Management LLC Invests $298,000 in EverQuote, Inc. (NASDAQ:EVER)

Voya Investment Management LLC purchased a new position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,917 shares of the company's stock, valued at approximately $298,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EVER. JPMorgan Chase & Co. increased its stake in shares of EverQuote by 3,022.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company's stock worth $8,133,000 after purchasing an additional 373,280 shares during the last quarter. Toronado Partners LLC increased its holdings in shares of EverQuote by 59.7% during the 4th quarter. Toronado Partners LLC now owns 718,774 shares of the company's stock worth $14,368,000 after acquiring an additional 268,670 shares during the last quarter. Boston Partners acquired a new position in shares of EverQuote during the 4th quarter worth approximately $3,668,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of EverQuote by 32.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company's stock worth $13,076,000 after acquiring an additional 161,426 shares during the last quarter. Finally, Schroder Investment Management Group acquired a new position in shares of EverQuote during the 4th quarter worth approximately $2,657,000. 91.54% of the stock is owned by institutional investors.

EverQuote Stock Performance

EVER stock opened at $23.23 on Monday. The company's 50-day simple moving average is $24.48 and its 200 day simple moving average is $21.37. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03. The company has a market capitalization of $829.87 million, a PE ratio of 68.32 and a beta of 0.45.

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 the consensus estimate of $0.15 by $0.18. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. On average, analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Canaccord Genuity Group decreased their target price on EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Finally, Needham & Company LLC restated a "buy" rating and set a $38.00 price objective on shares of EverQuote in a research report on Tuesday, May 6th. Five 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 data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $32.50.

Insider Activity at EverQuote

In related news, CTO David Brainard sold 6,609 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $21.49, for a total transaction of $142,027.41. Following the sale, the chief technology officer now owns 156,783 shares in the company, valued at approximately $3,369,266.67. This trade represents a 4.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jayme Mendal sold 14,360 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $21.36, for a total transaction of $306,729.60. Following the sale, the chief executive officer now owns 587,509 shares in the company, valued at $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 three months, insiders have sold 193,967 shares of company stock worth $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.

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