Geode Capital Management LLC Acquires 56,114 Shares of EverQuote, Inc. (NASDAQ:EVER)

Geode Capital Management LLC raised its holdings in EverQuote, Inc. (NASDAQ:EVER) by 10.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 595,155 shares of the company’s stock after purchasing an additional 56,114 shares during the period. Geode Capital Management LLC owned 1.70% of EverQuote worth $12,554,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bank of New York Mellon Corp grew its stake in EverQuote by 18.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 86,394 shares of the company’s stock valued at $1,802,000 after buying an additional 13,536 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in EverQuote during the 2nd quarter worth about $3,796,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in EverQuote in the 2nd quarter worth about $147,000. nVerses Capital LLC bought a new position in EverQuote in the 2nd quarter worth about $35,000. Finally, Rhumbline Advisers boosted its stake in EverQuote by 18.3% in the 2nd quarter. Rhumbline Advisers now owns 35,793 shares of the company’s stock worth $747,000 after purchasing an additional 5,534 shares during the period. Institutional investors own 91.54% of the company’s stock.

EverQuote Stock Up 0.1 %

NASDAQ:EVER opened at $19.69 on Tuesday. The business’s 50-day moving average price is $18.53 and its two-hundred day moving average price is $20.77. EverQuote, Inc. has a twelve month low of $10.21 and a twelve month high of $28.09. The stock has a market cap of $696.06 million, a P/E ratio of 57.91 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The company had revenue of $144.53 million for the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. EverQuote’s revenue for the quarter was up 162.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.40) EPS. On average, equities research analysts expect that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EVER shares. B. Riley cut their target price on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research note on Thursday, December 26th. Finally, JPMorgan Chase & Co. lowered their price target on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $32.17.

Insider Activity at EverQuote

In related news, CTO David Brainard sold 1,641 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02. Following the transaction, the chief technology officer now directly owns 155,491 shares of the company’s stock, valued at approximately $3,144,028.02. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director George R. Neble sold 2,500 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the transaction, the director now directly owns 54,970 shares in the company, valued at approximately $1,067,517.40. This represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,554 shares of company stock valued at $1,026,172. Corporate insiders own 29.79% of the company’s stock.

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.