Massachusetts Financial Services Co. MA Reduces Holdings in EverQuote, Inc. (NASDAQ:EVER)

Massachusetts Financial Services Co. MA reduced its position in EverQuote, Inc. (NASDAQ:EVER) by 2.4% in the 3rd quarter, Holdings Channel reports. The firm owned 100,824 shares of the company’s stock after selling 2,442 shares during the period. Massachusetts Financial Services Co. MA’s holdings in EverQuote were worth $2,126,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. nVerses Capital LLC grew its position in EverQuote by 41.2% during the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $51,000 after purchasing an additional 700 shares during the last quarter. Quarry LP boosted its stake in shares of EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after buying an additional 985 shares during the period. CWM LLC grew its holdings in shares of EverQuote by 133.2% during the second quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after buying an additional 1,063 shares during the last quarter. Gladius Capital Management LP acquired a new position in EverQuote in the 3rd quarter valued at about $26,000. Finally, Meeder Asset Management Inc. purchased a new stake in EverQuote during the 2nd quarter valued at approximately $76,000. 91.54% of the stock is owned by institutional investors and hedge funds.

EverQuote Stock Down 2.6 %

Shares of EVER opened at $19.16 on Thursday. EverQuote, Inc. has a 52-week low of $8.44 and a 52-week high of $28.09. The company has a 50-day simple moving average of $19.48 and a 200-day simple moving average of $21.58. The company has a market capitalization of $677.31 million, a PE ratio of 56.35 and a beta of 1.06.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The company had revenue of $144.53 million during the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The firm’s quarterly revenue was up 162.7% compared to the same quarter last year. During the same period last year, the company posted ($0.40) earnings per share. On average, research analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current year.

Insider Buying and Selling

In other news, CTO David Brainard sold 1,641 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total value of $33,181.02. Following the completion of the transaction, the chief technology officer now owns 155,491 shares in the company, valued at $3,144,028.02. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George R. Neble sold 2,500 shares of EverQuote stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $19.42, for a total value of $48,550.00. Following the transaction, the director now directly owns 54,970 shares of the company’s stock, valued at $1,067,517.40. This trade represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,716 shares of company stock valued at $188,810. 29.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EVER. B. Riley dropped their target price on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC upped their price objective on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Craig Hallum lifted their target price on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, EverQuote has an average rating of “Buy” and an average target price of $28.50.

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.