SG Americas Securities LLC Increases Holdings in EverQuote, Inc. (NASDAQ:EVER)

SG Americas Securities LLC boosted its position in EverQuote, Inc. (NASDAQ:EVER) by 105.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,281 shares of the company’s stock after buying an additional 13,978 shares during the period. SG Americas Securities LLC owned approximately 0.08% of EverQuote worth $545,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Emerald Mutual Fund Advisers Trust lifted its stake in EverQuote by 572.1% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock valued at $10,631,000 after acquiring an additional 429,084 shares during the period. Emerald Advisers LLC raised its holdings in shares of EverQuote by 165.8% during 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. JPMorgan Chase & Co. lifted its position in EverQuote by 3,022.8% during the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock valued at $8,133,000 after purchasing an additional 373,280 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in EverQuote by 255.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock valued at $5,072,000 after purchasing an additional 172,785 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in EverQuote by 285.7% in the second quarter. AQR Capital Management LLC now owns 204,835 shares of the company’s stock valued at $4,273,000 after purchasing an additional 151,723 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Insider Activity at EverQuote

In related news, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $20.00, for a total value of $40,000.00. Following the sale, the director now directly owns 28,515 shares in the company, valued at approximately $570,300. The trade was a 6.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO David Brainard sold 3,675 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $19.52, for a total value of $71,736.00. Following the transaction, the chief technology officer now directly owns 108,244 shares of the company’s stock, valued at $2,112,922.88. The trade was a 3.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,668 shares of company stock valued at $1,045,134. 29.79% of the stock is owned by company insiders.

EverQuote Stock Down 2.9 %

NASDAQ:EVER opened at $20.20 on Friday. EverQuote, Inc. has a 52 week low of $12.53 and a 52 week high of $28.09. The stock’s 50-day moving average price is $18.82 and its 200-day moving average price is $20.55. The stock has a market capitalization of $714.07 million, a PE ratio of 59.41 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. The company 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%. EverQuote’s quarterly revenue was up 162.7% compared to the same quarter last year. During the same period last year, the company earned ($0.40) earnings per share. Sell-side analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

EVER has been the subject of a number of recent research reports. Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research note on Thursday, December 26th. B. Riley reduced their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. decreased their price target on EverQuote from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, EverQuote has an average rating of “Buy” and an average price target of $31.67.

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.