EverQuote, Inc. (NASDAQ:EVER) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its stake in EverQuote, Inc. (NASDAQ:EVER) by 47.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 154,372 shares of the company’s stock after purchasing an additional 49,643 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in EverQuote were worth $3,086,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in EVER. JPMorgan Chase & Co. boosted its holdings in EverQuote by 3,022.8% in the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock valued at $8,133,000 after acquiring an additional 373,280 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of EverQuote by 255.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock worth $5,072,000 after purchasing an additional 172,785 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of EverQuote by 183.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 164,466 shares of the company’s stock valued at $3,288,000 after purchasing an additional 106,492 shares in the last quarter. Jacobs Asset Management LLC grew its holdings in shares of EverQuote by 50.1% during the 3rd quarter. Jacobs Asset Management LLC now owns 249,840 shares of the company’s stock worth $5,269,000 after purchasing an additional 83,419 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in EverQuote during the 3rd quarter worth approximately $1,641,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on EVER. Canaccord Genuity Group reduced their price target on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. 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. Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a research report on Thursday, December 26th. Finally, JPMorgan Chase & Co. raised their price objective on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $32.33.

Insider Activity at EverQuote

In other news, CTO David Brainard sold 29,248 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $19.93, for a total transaction of $582,912.64. Following the completion of the transaction, the chief technology officer now directly owns 116,212 shares in the company, valued at approximately $2,316,105.16. This represents a 20.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jon Ayotte sold 7,647 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $1,492,917.40. The trade was a 11.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,863 shares of company stock valued at $1,204,605. Insiders own 29.79% of the company’s stock.

EverQuote Trading Up 5.4 %

Shares of EVER stock opened at $28.05 on Tuesday. The firm has a fifty day simple moving average of $21.88 and a 200-day simple moving average of $20.45. The company has a market capitalization of $1.00 billion, a PE ratio of 82.50 and a beta of 1.01. EverQuote, Inc. has a twelve month low of $16.63 and a twelve month high of $28.38.

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