Sierra Summit Advisors LLC Buys New Position in EverQuote, Inc. (NASDAQ:EVER)

Sierra Summit Advisors LLC purchased a new position in shares of EverQuote, Inc. (NASDAQ:EVER) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 29,255 shares of the company’s stock, valued at approximately $585,000. Sierra Summit Advisors LLC owned approximately 0.08% of EverQuote at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new stake in EverQuote during the fourth quarter worth approximately $34,000. Quarry LP boosted its holdings in shares of EverQuote by 100.7% during the third quarter. Quarry LP now owns 2,894 shares of the company’s stock worth $61,000 after purchasing an additional 1,452 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of EverQuote during the fourth quarter worth $90,000. Asset Management One Co. Ltd. grew its position in shares of 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 purchasing an additional 2,042 shares during the period. Finally, AlphaQuest LLC increased its stake 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 purchasing an additional 2,698 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

EverQuote Stock Down 11.3 %

EVER opened at $21.66 on Monday. The company has a 50 day moving average of $24.29 and a two-hundred day moving average of $20.91. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $30.03. The company has a market cap of $773.78 million, a P/E ratio of 63.71 and a beta of 0.77.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results 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 firm had revenue of $147.46 million during 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%. Research analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Canaccord Genuity Group decreased their price target on EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. raised their target price on shares of EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Needham & Company LLC boosted their target price on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research report on Thursday, December 26th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, EverQuote presently has an average rating of “Buy” and an average target price of $32.33.

Insider Buying and Selling

In other EverQuote news, Director John L. Shields sold 2,000 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $20.00, for a total value of $40,000.00. Following the transaction, the director now owns 28,515 shares in the company, valued at $570,300. The trade was a 6.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Joseph Sanborn sold 1,063 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $26.29, for a total value of $27,946.27. Following the completion of the sale, the chief financial officer now owns 270,865 shares of the company’s stock, valued at $7,121,040.85. This trade represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 176,744 shares of company stock valued at $4,900,194. Corporate insiders own 29.79% of the company’s stock.

EverQuote 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.