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

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of EverQuote, Inc. (NASDAQ:EVER) by 47.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,372 shares of the company’s stock after purchasing an additional 49,643 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.44% of EverQuote worth $3,086,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Donaldson Capital Management LLC purchased a new position in shares of EverQuote during the 4th quarter worth approximately $982,000. AlphaQuest LLC raised its position in EverQuote by 53.9% in the fourth quarter. AlphaQuest LLC now owns 7,704 shares of the company’s stock worth $154,000 after acquiring an additional 2,698 shares in the last quarter. Aigen Investment Management LP acquired a new stake in EverQuote in the fourth quarter valued at $249,000. Victory Capital Management Inc. lifted its holdings in EverQuote by 119.2% in the fourth quarter. Victory Capital Management Inc. now owns 63,613 shares of the company’s stock valued at $1,272,000 after acquiring an additional 34,594 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of EverQuote by 28.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 309,344 shares of the company’s stock worth $6,184,000 after purchasing an additional 68,862 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

EverQuote Price Performance

Shares of EverQuote stock opened at $28.05 on Tuesday. The business has a 50 day moving average price of $21.88 and a 200 day moving average price of $20.45. The company has a market capitalization of $1.00 billion, a P/E ratio of 82.50 and a beta of 1.01. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $28.38.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, topping 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 return on equity of 13.94% and a net margin of 3.31%. As a group, research analysts expect that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on EVER shares. Needham & Company LLC raised their price objective on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Canaccord Genuity Group reduced their price target on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. upped their price target on EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Finally, Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a report on Thursday, December 26th. 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 data from MarketBeat.com, EverQuote presently has a consensus rating of “Buy” and an average target price of $32.33.

Insider Buying and Selling at EverQuote

In other EverQuote news, 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 transaction of $196,680.84. Following the transaction, the chief accounting officer now owns 58,045 shares of the company’s stock, valued at $1,492,917.40. This represents a 11.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CTO David Brainard sold 2,238 shares of EverQuote stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $26.14, for a total value of $58,501.32. Following the completion of the sale, the chief technology officer now directly owns 153,336 shares of the company’s stock, valued at approximately $4,008,203.04. This represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,863 shares of company stock worth $1,204,605. Corporate insiders own 29.79% of the company’s stock.

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.