Essex Investment Management Co. LLC Has $3.62 Million Position in EverQuote, Inc. (NASDAQ:EVER)

Essex Investment Management Co. LLC lowered its position in EverQuote, Inc. (NASDAQ:EVER) by 16.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 180,818 shares of the company’s stock after selling 35,876 shares during the quarter. Essex Investment Management Co. LLC owned 0.51% of EverQuote worth $3,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Gladius Capital Management LP bought a new stake in EverQuote in the third quarter valued at approximately $26,000. R Squared Ltd bought a new stake in EverQuote in the fourth quarter valued at approximately $34,000. Quarry LP boosted its holdings in EverQuote by 100.7% in the third quarter. Quarry LP now owns 2,894 shares of the company’s stock valued at $61,000 after acquiring an additional 1,452 shares during the last quarter. Quantbot Technologies LP boosted its holdings in EverQuote by 115.1% in the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock valued at $74,000 after acquiring an additional 1,874 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted 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 acquiring an additional 2,042 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Ratings Changes

EVER has been the topic of several analyst reports. Canaccord Genuity Group reduced their target price 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 $25.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Needham & Company LLC upped their target price on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a report on Thursday, December 26th. 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 company currently has an average rating of “Buy” and a consensus target price of $32.33.

Insider Buying and Selling

In related news, CTO David Brainard sold 14,590 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $17.44, for a total value of $254,449.60. Following the transaction, the chief technology officer now directly owns 137,291 shares in the company, valued at $2,394,355.04. This trade represents a 9.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jon Ayotte sold 7,647 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $25.72, for a total value of $196,680.84. Following the completion of the transaction, the chief accounting officer now owns 58,045 shares in the company, valued at approximately $1,492,917.40. This represents a 11.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,453 shares of company stock worth $1,459,054 in the last ninety days. Corporate insiders own 29.79% of the company’s stock.

EverQuote Stock Performance

EverQuote stock opened at $25.77 on Friday. The stock has a market capitalization of $911.00 million, a price-to-earnings ratio of 75.79 and a beta of 1.01. EverQuote, Inc. has a 52-week low of $15.24 and a 52-week high of $28.09. The stock’s 50 day moving average price is $21.15 and its two-hundred day moving average price is $20.32.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping 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 company had revenue of $147.46 million for the quarter, compared to analysts’ expectations of $133.83 million. On average, equities research analysts forecast that EverQuote, Inc. will post 0.72 EPS 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.