Inspire Investing LLC Raises Position in EverQuote, Inc. (NASDAQ:EVER)

Inspire Investing LLC lifted its stake in shares of EverQuote, Inc. (NASDAQ:EVER) by 25.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,148 shares of the company’s stock after acquiring an additional 9,868 shares during the quarter. Inspire Investing LLC’s holdings in EverQuote were worth $962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of EVER. Gladius Capital Management LP acquired a new position in EverQuote during the 3rd quarter worth $26,000. Quarry LP boosted its stake in shares of EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after buying an additional 985 shares during the period. nVerses Capital LLC grew its position in shares of EverQuote by 41.2% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $51,000 after buying an additional 700 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of EverQuote by 115.1% during the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after buying an additional 1,874 shares during the period. Finally, CWM LLC raised its holdings in EverQuote by 143.0% in the third quarter. CWM LLC now owns 4,522 shares of the company’s stock valued at $95,000 after acquiring an additional 2,661 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

EverQuote Price Performance

NASDAQ EVER opened at $18.11 on Friday. The company has a fifty day moving average of $18.70 and a two-hundred day moving average of $20.63. The company has a market capitalization of $640.19 million, a PE ratio of 53.26 and a beta of 0.96. EverQuote, Inc. has a 1 year low of $12.10 and a 1 year high of $28.09.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. The business had revenue of $144.53 million during the quarter, compared to the consensus estimate of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The business’s quarterly revenue was up 162.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.40) EPS. On average, research analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EVER has been the topic of a number of recent analyst reports. Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research report on Thursday, December 26th. B. Riley dropped their target price on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. decreased their price target on EverQuote from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, January 10th. 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.com, the stock presently has a consensus rating of “Buy” and an average target price of $31.67.

Insider Buying and Selling at EverQuote

In other EverQuote news, CTO David Brainard sold 3,675 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $19.52, for a total transaction of $71,736.00. Following the transaction, the chief technology officer now directly 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 document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 52,668 shares of company stock worth $1,005,134. 29.79% of the stock is owned by insiders.

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.