MML Investors Services LLC Buys Shares of 13,730 EverQuote, Inc. (NASDAQ:EVER)

MML Investors Services LLC purchased a new position in shares of EverQuote, Inc. (NASDAQ:EVER) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,730 shares of the company’s stock, valued at approximately $290,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EVER. Emerald Mutual Fund Advisers Trust grew its holdings in EverQuote by 572.1% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock worth $10,631,000 after acquiring an additional 429,084 shares during the last quarter. Emerald Advisers LLC grew its stake in shares of EverQuote by 165.8% in the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after purchasing an additional 399,257 shares during the last quarter. Renaissance Technologies LLC increased its holdings in EverQuote by 331.9% in the second quarter. Renaissance Technologies LLC now owns 293,708 shares of the company’s stock valued at $6,127,000 after purchasing an additional 225,700 shares during the period. Cubist Systematic Strategies LLC raised its position in EverQuote by 335.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 265,944 shares of the company’s stock worth $5,548,000 after purchasing an additional 204,835 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in EverQuote by 62.6% during the 2nd quarter. Acadian Asset Management LLC now owns 517,331 shares of the company’s stock worth $10,786,000 after buying an additional 199,187 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. B. Riley decreased their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $31.60.

EverQuote Price Performance

Shares of NASDAQ:EVER opened at $18.32 on Thursday. EverQuote, Inc. has a 1 year low of $10.21 and a 1 year high of $28.09. The business’s 50-day moving average is $18.50 and its 200-day moving average is $20.80. The company has a market capitalization of $647.63 million, a price-to-earnings ratio of 53.88 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. The firm had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company’s revenue was up 162.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.40) earnings per share. Analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current year.

Insiders Place Their Bets

In other EverQuote news, CTO David Brainard sold 1,641 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total value of $33,181.02. Following the transaction, the chief technology officer now owns 155,491 shares in the company, valued at approximately $3,144,028.02. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the sale, the director now owns 54,970 shares of the company’s stock, valued at approximately $1,067,517.40. This represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,306 shares of company stock worth $443,260. 29.79% of the stock is currently owned by company 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.