EverQuote, Inc. (NASDAQ:EVER) Shares Sold by Royce & Associates LP

Royce & Associates LP lessened its holdings in EverQuote, Inc. (NASDAQ:EVER) by 23.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 449,722 shares of the company’s stock after selling 140,430 shares during the period. Royce & Associates LP owned approximately 1.27% of EverQuote worth $8,990,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in EverQuote by 255.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock valued at $5,072,000 after buying an additional 172,785 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of EverQuote by 636.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock worth $2,209,000 after purchasing an additional 90,500 shares during the period. Geode Capital Management LLC increased its holdings in EverQuote by 10.4% in the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock valued at $12,554,000 after purchasing an additional 56,114 shares during the last quarter. Barclays PLC increased its holdings in EverQuote by 331.2% in the 3rd quarter. Barclays PLC now owns 50,983 shares of the company’s stock valued at $1,076,000 after purchasing an additional 39,160 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in EverQuote by 3,022.8% during the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock worth $8,133,000 after purchasing an additional 373,280 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at EverQuote

In related news, CAO Jon Ayotte sold 7,647 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $25.72, for a total transaction of $196,680.84. Following the sale, the chief accounting officer now directly owns 58,045 shares in the company, valued at approximately $1,492,917.40. This trade represents a 11.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO David Brainard sold 3,675 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $19.52, for a total value of $71,736.00. Following the completion of the transaction, the chief technology officer now owns 108,244 shares in the company, valued at approximately $2,112,922.88. This trade represents a 3.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,863 shares of company stock worth $1,204,605 in the last 90 days. 29.79% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

EverQuote Price Performance

NASDAQ EVER opened at $26.46 on Wednesday. The company has a market capitalization of $945.26 million, a P/E ratio of 77.82 and a beta of 1.01. EverQuote, Inc. has a 1-year low of $16.63 and a 1-year high of $28.27. The business has a 50 day moving average price of $22.02 and a 200 day moving average price of $20.46.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm had revenue of $147.46 million for the quarter, compared to analysts’ expectations of $133.83 million. On average, research analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

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.