EverQuote, Inc. (NASDAQ:EVER) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in EverQuote, Inc. (NASDAQ:EVER) by 161.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 133,583 shares of the company’s stock after acquiring an additional 82,498 shares during the quarter. Teacher Retirement System of Texas’ holdings in EverQuote were worth $2,670,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted 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 purchasing an additional 172,785 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of EverQuote by 636.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock worth $2,209,000 after acquiring an additional 90,500 shares during the period. Geode Capital Management LLC boosted its stake in shares of EverQuote by 10.4% during the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock worth $12,554,000 after acquiring an additional 56,114 shares in the last quarter. Counterpoint Mutual Funds LLC grew its position in shares of EverQuote by 74.3% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 38,053 shares of the company’s stock valued at $761,000 after acquiring an additional 16,217 shares during the period. Finally, Barclays PLC increased its stake in shares of EverQuote by 331.2% in the 3rd quarter. Barclays PLC now owns 50,983 shares of the company’s stock valued at $1,076,000 after purchasing an additional 39,160 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Insider Activity

In other news, CAO Jon Ayotte sold 7,647 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were 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 approximately $1,492,917.40. The trade was a 11.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John L. Shields sold 2,000 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $20.00, for a total transaction of $40,000.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 200,028 shares of company stock worth $5,269,954 over the last ninety days. Corporate insiders own 29.79% of the company’s stock.

Wall Street Analysts Forecast Growth

EVER has been the topic of several research analyst reports. Raymond James raised 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. Canaccord Genuity Group cut their price target on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a report on Monday, February 24th. Needham & Company LLC increased their price objective on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted 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 analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $32.33.

EverQuote Stock Up 2.2 %

Shares of EVER opened at $29.71 on Wednesday. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $30.03. The stock has a market cap of $1.06 billion, a PE ratio of 87.38 and a beta of 1.01. The firm’s fifty day moving average is $23.06 and its two-hundred day moving average is $20.68.

EverQuote (NASDAQ:EVER) last posted 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. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The firm had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. As a group, research analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current year.

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.