Franklin Resources Inc. Acquires 31,644 Shares of EverQuote, Inc. (NASDAQ:EVER)

Franklin Resources Inc. increased its holdings in shares of EverQuote, Inc. (NASDAQ:EVER) by 116.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,781 shares of the company’s stock after buying an additional 31,644 shares during the quarter. Franklin Resources Inc. owned 0.17% of EverQuote worth $1,147,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of EverQuote by 255.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock worth $5,072,000 after buying an additional 172,785 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in EverQuote by 636.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock worth $2,209,000 after purchasing an additional 90,500 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in EverQuote in the second quarter valued at about $782,000. Emerald Advisers LLC boosted its stake in shares of EverQuote by 165.8% during the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after purchasing an additional 399,257 shares in the last quarter. Finally, Inspire Investing LLC bought a new stake in shares of EverQuote during the second quarter worth about $842,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EVER. B. Riley dropped their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $32.17.

EverQuote Stock Down 2.1 %

EVER opened at $19.68 on Friday. EverQuote, Inc. has a twelve month low of $10.21 and a twelve month high of $28.09. The company has a fifty day moving average of $18.53 and a 200-day moving average of $20.77. The stock has a market cap of $695.71 million, a PE ratio of 57.88 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 for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm had revenue of $144.53 million during the quarter, compared to the consensus estimate of $140.30 million. During the same period last year, the business posted ($0.40) EPS. The business’s revenue was up 162.7% compared to the same quarter last year. Sell-side analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director George R. Neble sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $19.42, for a total transaction of $48,550.00. Following the transaction, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO David Brainard sold 1,641 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total value of $33,181.02. Following the completion of the sale, the chief technology officer now directly owns 155,491 shares of the company’s stock, valued at $3,144,028.02. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,306 shares of company stock worth $443,260. 29.79% of the stock is owned by corporate insiders.

EverQuote Company 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.