Hillsdale Investment Management Inc. Raises Stake in EverQuote, Inc. (NASDAQ:EVER)

Hillsdale Investment Management Inc. lifted its stake in shares of EverQuote, Inc. (NASDAQ:EVER) by 24.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 210,700 shares of the company’s stock after acquiring an additional 41,500 shares during the period. Hillsdale Investment Management Inc. owned 0.60% of EverQuote worth $4,212,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of EverQuote by 3,022.8% during the 3rd 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 during the period. Boston Partners acquired a new stake in shares of EverQuote during the fourth quarter valued at about $3,668,000. Charles Schwab Investment Management Inc. raised its stake 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 valued at $5,072,000 after acquiring an additional 172,785 shares during the period. Monimus Capital Management LP acquired a new position in shares of EverQuote in the 4th quarter worth approximately $2,140,000. Finally, Los Angeles Capital Management LLC boosted its position in shares of EverQuote by 183.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 164,466 shares of the company’s stock worth $3,288,000 after purchasing an additional 106,492 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

EverQuote Stock Performance

EVER stock opened at $28.71 on Friday. The company’s 50 day moving average price is $22.60 and its 200 day moving average price is $20.59. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 84.44 and a beta of 1.01. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $29.07.

EverQuote (NASDAQ:EVER) last announced 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 business had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. Equities analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling at EverQuote

In other EverQuote news, CAO Jon Ayotte sold 7,647 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $25.72, for a total transaction of $196,680.84. Following the sale, the chief accounting officer now owns 58,045 shares of the company’s stock, valued at approximately $1,492,917.40. This trade represents a 11.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Shields sold 2,000 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $20.00, for a total transaction of $40,000.00. Following the completion of the transaction, the director now owns 28,515 shares of the company’s stock, valued at approximately $570,300. The trade was a 6.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 122,428 shares of company stock worth $3,045,162 over the last ninety days. Corporate insiders own 29.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EVER. Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a report on Thursday, December 26th. Needham & Company LLC boosted their price target on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Canaccord Genuity Group lowered their price objective on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. upped their target price 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. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, EverQuote currently has a consensus rating of “Buy” and a consensus price target of $32.33.

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.