Mackenzie Financial Corp boosted its holdings in shares of EverQuote, Inc. (NASDAQ:EVER) by 21.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 76,114 shares of the company’s stock after purchasing an additional 13,515 shares during the period. Mackenzie Financial Corp’s holdings in EverQuote were worth $1,418,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. lifted its holdings in EverQuote by 20.4% during the second quarter. BlackRock Inc. now owns 1,268,862 shares of the company’s stock worth $41,467,000 after acquiring an additional 215,098 shares in the last quarter. Vanguard Group Inc. lifted its holdings in EverQuote by 2.7% during the second quarter. Vanguard Group Inc. now owns 877,433 shares of the company’s stock worth $28,674,000 after acquiring an additional 23,286 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in EverQuote by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 873,135 shares of the company’s stock worth $28,533,000 after acquiring an additional 4,910 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in EverQuote by 23.7% during the third quarter. Kornitzer Capital Management Inc. KS now owns 620,990 shares of the company’s stock worth $11,569,000 after acquiring an additional 119,170 shares in the last quarter. Finally, State Street Corp lifted its holdings in EverQuote by 4.2% during the second quarter. State Street Corp now owns 417,982 shares of the company’s stock worth $13,660,000 after acquiring an additional 16,761 shares in the last quarter. Hedge funds and other institutional investors own 50.34% of the company’s stock.
EVER has been the topic of a number of research reports. Needham & Company LLC cut their price target on EverQuote from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, November 2nd. Oppenheimer cut their price target on EverQuote from $45.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, November 2nd. cut their price target on EverQuote from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, November 2nd. They noted that the move was a valuation call. Raymond James cut their price target on EverQuote from $41.00 to $26.00 and set an “outperform” rating on the stock in a report on Tuesday, November 2nd. Finally, JPMorgan Chase & Co. lowered EverQuote from a “neutral” rating to an “underweight” rating and cut their price target for the company from $17.00 to $13.00 in a report on Wednesday, December 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $23.43.
EverQuote (NASDAQ:EVER) last released its earnings results on Sunday, October 31st. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.02). The company had revenue of $107.60 million during the quarter, compared to analyst estimates of $108.40 million. EverQuote had a negative net margin of 3.56% and a negative return on equity of 18.71%. EverQuote’s revenue was up 19.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.12) EPS. Research analysts anticipate that EverQuote, Inc. will post -0.7 EPS for the current year.
In other EverQuote news, Director David B. Blundin purchased 20,306 shares of the stock in a transaction on Thursday, January 6th. The shares were purchased at an average price of $14.97 per share, with a total value of $303,980.82. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tomas Revesz, Jr. sold 10,278 shares of the business’s stock in a transaction that occurred on Wednesday, December 29th. The stock was sold at an average price of $14.84, for a total value of $152,525.52. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 415,799 shares of company stock worth $5,953,092 and sold 20,142 shares worth $319,851. 45.70% of the stock is currently owned by insiders.
EverQuote, Inc operates as an online insurance marketplace connecting consumers with insurance providers. It offers car, home and life insurance. The firm’s data and technology platform matches and connects consumers seeking to purchase insurance with relevant options from its broad direct network of insurance providers.
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