EverQuote, Inc. (NASDAQ:EVER) Stock Position Lowered by Quarry LP

Quarry LP decreased its position in EverQuote, Inc. (NASDAQ:EVER) by 20.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,291 shares of the company’s stock after selling 603 shares during the quarter. Quarry LP’s holdings in EverQuote were worth $46,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Nebula Research & Development LLC bought a new position in shares of EverQuote during the 4th quarter valued at about $378,000. Voya Investment Management LLC acquired a new position in EverQuote in the fourth quarter worth approximately $298,000. Dark Forest Capital Management LP acquired a new position in EverQuote in the fourth quarter worth approximately $518,000. Hsbc Holdings PLC lifted its position in shares of EverQuote by 37.1% during the 4th quarter. Hsbc Holdings PLC now owns 29,363 shares of the company’s stock valued at $578,000 after acquiring an additional 7,944 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of 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 acquiring an additional 1,724 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

EverQuote Trading Up 1.9 %

NASDAQ:EVER opened at $26.71 on Friday. The business’s fifty day moving average price is $24.71 and its 200 day moving average price is $21.17. The firm has a market capitalization of $954.19 million, a price-to-earnings ratio of 78.56 and a beta of 0.77. EverQuote, Inc. has a 1-year low of $16.63 and a 1-year high of $30.03.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $133.83 million. Equities analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Needham & Company LLC boosted their target price on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. boosted their price objective on EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group decreased their target price 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. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, EverQuote has a consensus rating of “Buy” and an average target price of $32.33.

Insider Buying and Selling at EverQuote

In related news, CTO David Brainard sold 6,609 shares of the stock in a transaction on Thursday, February 20th. The stock was 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 trade represents a 4.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $28.75, for a total value of $29,382.50. Following the completion of the transaction, the insider now directly owns 3,498,667 shares in the company, valued at approximately $100,586,676.25. The trade was a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 193,967 shares of company stock valued at $5,278,231 in the last quarter. Company 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.