EverQuote, Inc. (NASDAQ:EVER) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC boosted its position in EverQuote, Inc. (NASDAQ:EVER) by 25.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,148 shares of the company’s stock after purchasing an additional 9,868 shares during the quarter. Inspire Investing LLC owned about 0.14% of EverQuote worth $962,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new position in EverQuote during the third quarter worth about $26,000. Quarry LP boosted its holdings in shares of EverQuote by 215.5% during the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 985 shares during the last quarter. nVerses Capital LLC grew its position in shares of EverQuote by 41.2% in the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after purchasing an additional 700 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of 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 purchasing an additional 1,874 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of 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 purchasing an additional 2,661 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Stock Down 0.6 %

Shares of EverQuote stock opened at $18.11 on Friday. The firm has a market cap of $640.19 million, a PE ratio of 53.26 and a beta of 0.96. EverQuote, Inc. has a 52 week low of $12.10 and a 52 week high of $28.09. The business’s fifty day simple moving average is $18.70 and its 200-day simple moving average is $20.63.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, November 4th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The company had revenue of $144.53 million for the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. EverQuote’s revenue for the quarter was up 162.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.40) earnings per share. As a group, equities analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on EverQuote from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, January 10th. B. Riley dropped their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Thursday, December 26th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $31.67.

Insider Buying and Selling

In other EverQuote news, CTO David Brainard sold 29,248 shares of the company’s stock in a transaction 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 transaction, the chief technology officer now directly owns 116,212 shares in the company, valued at $2,316,105.16. This represents a 20.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 52,668 shares of company stock valued at $1,005,134. Company insiders own 29.79% of the company’s stock.

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.