Boston Partners Buys Shares of 183,508 EverQuote, Inc. (NASDAQ:EVER)

Boston Partners purchased a new stake in EverQuote, Inc. (NASDAQ:EVER) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 183,508 shares of the company’s stock, valued at approximately $3,668,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in EVER. Rhumbline Advisers grew its position in EverQuote by 4.0% in the fourth quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock worth $698,000 after acquiring an additional 1,332 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of EverQuote by 19.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock valued at $177,000 after purchasing an additional 1,363 shares during the last quarter. Quarry LP grew its holdings in shares of EverQuote by 100.7% during the 3rd 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 period. R Squared Ltd acquired a new stake in shares of EverQuote during the 4th quarter worth about $34,000. Finally, Quantbot Technologies LP raised its holdings in EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock valued at $74,000 after buying an additional 1,874 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research note on Thursday, December 26th. Needham & Company LLC lifted 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. 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. Finally, JPMorgan Chase & Co. lifted their price objective on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $32.33.

EverQuote Trading Up 2.4 %

EverQuote stock opened at $28.71 on Friday. The firm has a market capitalization of $1.03 billion, a P/E ratio of 84.44 and a beta of 1.01. EverQuote, Inc. has a twelve month low of $16.63 and a twelve month high of $29.07. The stock’s fifty day simple moving average is $22.60 and its 200-day simple moving average is $20.60.

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, beating analysts’ consensus estimates of $0.15 by $0.18. The company had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. Sell-side analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Insiders Place Their Bets

In other news, CTO David Brainard sold 3,675 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $19.52, for a total transaction of $71,736.00. Following the sale, the chief technology officer now owns 108,244 shares of the company’s stock, valued at approximately $2,112,922.88. This trade represents a 3.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jayme Mendal sold 65,117 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $28.07, for a total value of $1,827,834.19. Following the completion of the transaction, the chief executive officer now directly owns 619,156 shares of the company’s stock, valued at $17,379,708.92. This trade represents a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 122,428 shares of company stock worth $3,045,162 in the last 90 days. Corporate 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.