Driehaus Capital Management LLC Increases Stock Holdings in EverQuote, Inc. (NASDAQ:EVER)

Driehaus Capital Management LLC lifted its stake in EverQuote, Inc. (NASDAQ:EVER) by 9.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,036,361 shares of the company’s stock after purchasing an additional 169,333 shares during the quarter. Driehaus Capital Management LLC owned about 5.86% of EverQuote worth $42,478,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in EverQuote by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock valued at $21,487,000 after acquiring an additional 30,577 shares during the period. BNP Paribas Financial Markets boosted its holdings in EverQuote by 127.6% during the 1st quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock valued at $1,016,000 after acquiring an additional 30,699 shares during the period. Russell Investments Group Ltd. boosted its holdings in EverQuote by 244,503.3% during the 1st quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock valued at $5,448,000 after acquiring an additional 293,404 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in EverQuote during the 1st quarter valued at $2,167,000. Finally, Inspire Investing LLC purchased a new position in EverQuote during the 2nd quarter valued at $842,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Trading Up 1.1 %

EVER opened at $21.00 on Friday. The firm has a market cap of $736.68 million, a price-to-earnings ratio of -14.89 and a beta of 1.04. EverQuote, Inc. has a 12 month low of $6.57 and a 12 month high of $28.09. The stock has a fifty day moving average price of $23.05 and a 200-day moving average price of $21.64.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Craig Hallum boosted their price objective on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Needham & Company LLC lifted their target price on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lifted their target price on EverQuote from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $29.58.

Insider Buying and Selling at EverQuote

In other EverQuote news, major shareholder Ventures Lllp Link sold 7,680 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $27.08, for a total value of $207,974.40. Following the completion of the sale, the insider now directly owns 3,510,721 shares in the company, valued at $95,070,324.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, major shareholder Ventures Lllp Link sold 7,680 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $27.08, for a total value of $207,974.40. Following the transaction, the insider now directly owns 3,510,721 shares of the company’s stock, valued at $95,070,324.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David B. Blundin sold 65,718 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 value of $1,779,643.44. Following the completion of the transaction, the director now directly owns 192,305 shares in the company, valued at $5,207,619.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,998 shares of company stock worth $3,356,708. 29.79% of the stock is owned by insiders.

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.