XTX Topco Ltd Purchases Shares of 36,241 EverQuote, Inc. (NASDAQ:EVER)

XTX Topco Ltd purchased a new stake in EverQuote, Inc. (NASDAQ:EVER) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 36,241 shares of the company’s stock, valued at approximately $756,000. XTX Topco Ltd owned 0.10% of EverQuote at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in EverQuote by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock valued at $21,487,000 after purchasing an additional 30,577 shares during the period. BNP Paribas Financial Markets boosted its holdings in EverQuote by 127.6% in the 1st quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock valued at $1,016,000 after purchasing an additional 30,699 shares during the period. Russell Investments Group Ltd. boosted its holdings in EverQuote by 244,503.3% in the 1st quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock valued at $5,448,000 after purchasing an additional 293,404 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of EverQuote in the 1st quarter valued at $2,167,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of EverQuote in the 2nd quarter valued at $1,564,000. 91.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EVER shares. JPMorgan Chase & Co. increased their price objective on shares of EverQuote from $29.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. 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 research note on Tuesday, August 6th. Finally, Craig Hallum increased their price objective on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $29.58.

EverQuote Stock Down 0.6 %

Shares of EverQuote stock opened at $22.31 on Monday. The stock has a market capitalization of $774.71 million, a P/E ratio of -15.82 and a beta of 1.04. The company has a 50-day simple moving average of $23.32 and a 200 day simple moving average of $21.50. EverQuote, Inc. has a 12-month low of $6.44 and a 12-month high of $28.09.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.14. The business had revenue of $117.14 million during the quarter, compared to analysts’ expectations of $102.81 million. EverQuote had a negative net margin of 8.55% and a negative return on equity of 13.24%. The firm’s revenue for the quarter was up 72.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.31) EPS. On average, equities analysts anticipate that EverQuote, Inc. will post 0.57 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO David Brainard sold 2,043 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $20.96, for a total transaction of $42,821.28. Following the completion of the sale, the chief technology officer now owns 169,956 shares in the company, valued at approximately $3,562,277.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other EverQuote news, major shareholder Ventures Lllp Link sold 7,680 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $27.08, for a total transaction of $207,974.40. Following the sale, the insider now owns 3,510,721 shares of the company’s stock, valued at approximately $95,070,324.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO David Brainard sold 2,043 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $20.96, for a total transaction of $42,821.28. Following the sale, the chief technology officer now directly owns 169,956 shares in the company, valued at approximately $3,562,277.76. The disclosure for this sale can be found here. Insiders sold 133,998 shares of company stock worth $3,356,708 in the last quarter. 29.79% of the stock is owned by corporate insiders.

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.