The Manufacturers Life Insurance Company Acquires New Stake in EverQuote, Inc. (NASDAQ:EVER)

The Manufacturers Life Insurance Company bought a new position in EverQuote, Inc. (NASDAQ:EVER) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,669 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also bought and sold shares of EVER. Vanguard Group Inc. raised its stake in shares of EverQuote by 2.7% in the first quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock worth $21,487,000 after buying an additional 30,577 shares during the period. First Eagle Investment Management LLC raised its stake in EverQuote by 3.6% during the 1st quarter. First Eagle Investment Management LLC now owns 532,138 shares of the company’s stock worth $9,876,000 after acquiring an additional 18,523 shares during the period. Acadian Asset Management LLC lifted its holdings in EverQuote by 62.6% during the second quarter. Acadian Asset Management LLC now owns 517,331 shares of the company’s stock valued at $10,786,000 after purchasing an additional 199,187 shares in the last quarter. Marshall Wace LLP boosted its position in shares of EverQuote by 18.2% in the second quarter. Marshall Wace LLP now owns 464,826 shares of the company’s stock worth $9,696,000 after purchasing an additional 71,491 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of EverQuote by 331.9% in the second quarter. Renaissance Technologies LLC now owns 293,708 shares of the company’s stock worth $6,127,000 after purchasing an additional 225,700 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director David B. Blundin sold 65,718 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $27.08, for a total value of $1,779,643.44. Following the transaction, the director now owns 192,305 shares of the company’s stock, valued at $5,207,619.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director David B. Blundin sold 65,718 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $27.08, for a total transaction of $1,779,643.44. Following the sale, the director now directly owns 192,305 shares in the company, valued at approximately $5,207,619.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Ventures Lllp Link sold 7,680 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $27.08, for a total value of $207,974.40. Following the completion of the transaction, the insider now directly owns 3,510,721 shares of the company’s stock, valued at $95,070,324.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,403 shares of company stock valued at $2,750,863 in the last ninety days. 29.79% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EVER. Craig Hallum upped their target price on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. increased their target price on EverQuote from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Finally, Needham & Company LLC boosted their price target on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $29.58.

EverQuote Trading Up 0.4 %

Shares of EVER opened at $19.24 on Friday. EverQuote, Inc. has a 12 month low of $6.64 and a 12 month high of $28.09. The stock has a fifty day moving average price of $21.54 and a 200-day moving average price of $21.86. The firm has a market cap of $668.11 million, a PE ratio of -13.65 and a beta of 1.04.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share (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 analysts’ expectations of $102.81 million. During the same period last year, the business posted ($0.31) earnings per share. The company’s revenue for the quarter was up 72.3% compared to the same quarter last year. As a group, research analysts forecast that EverQuote, Inc. will post 0.57 EPS for the current year.

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.