EverQuote, Inc. (NASDAQ:EVER) Shares Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. increased its position in shares of EverQuote, Inc. (NASDAQ:EVER) by 2,301.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 461,013 shares of the company’s stock after purchasing an additional 441,815 shares during the period. Point72 Asset Management L.P.’s holdings in EverQuote were worth $9,216,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of EverQuote during the 4th quarter worth $34,000. KLP Kapitalforvaltning AS acquired a new position in EverQuote during the fourth quarter worth about $90,000. Asset Management One Co. Ltd. increased its holdings in EverQuote by 80.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock valued at $90,000 after buying an additional 2,042 shares in the last quarter. AlphaQuest LLC increased its holdings in EverQuote by 53.9% in the fourth quarter. AlphaQuest LLC now owns 7,704 shares of the company’s stock valued at $154,000 after buying an additional 2,698 shares in 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 period. Institutional investors and hedge funds own 91.54% of the company’s stock.

Insider Buying and Selling at EverQuote

In other news, major shareholder Ventures Lllp Link sold 1,022 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were 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 owns 3,498,667 shares of the company’s stock, valued at $100,586,676.25. The trade was a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jayme Mendal sold 14,360 shares of the firm’s 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 approximately $12,549,192.24. This trade represents a 2.39% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 193,967 shares of company stock worth $5,278,231. Corporate insiders own 29.79% of the company’s stock.

Wall Street Analysts Forecast Growth

EVER has been the topic of a number of research reports. Canaccord Genuity Group lowered 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. JPMorgan Chase & Co. upped their target price on EverQuote from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, May 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $38.00 price target on shares of EverQuote in a research report on Tuesday, May 6th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $32.50.

EverQuote Stock Performance

EVER stock opened at $24.27 on Monday. The stock’s 50 day moving average price is $24.39 and its 200 day moving average price is $21.60. The firm has a market cap of $867.02 million, a P/E ratio of 71.38 and a beta of 0.45. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $30.03.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.18. The business had revenue of $147.46 million for 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, research analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current year.

EverQuote Company Profile

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.