Rhumbline Advisers Has $698,000 Position in EverQuote, Inc. (NASDAQ:EVER)

Rhumbline Advisers increased its position in shares of EverQuote, Inc. (NASDAQ:EVER) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,899 shares of the company’s stock after buying an additional 1,332 shares during the quarter. Rhumbline Advisers owned 0.10% of EverQuote worth $698,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in EverQuote by 10.4% in the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock valued at $12,554,000 after buying an additional 56,114 shares during the period. JPMorgan Chase & Co. boosted its position in shares of EverQuote by 3,022.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock valued at $8,133,000 after acquiring an additional 373,280 shares in the last quarter. Jacobs Asset Management LLC boosted its position in shares of EverQuote by 50.1% during the 3rd quarter. Jacobs Asset Management LLC now owns 249,840 shares of the company’s stock valued at $5,269,000 after acquiring an additional 83,419 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 acquiring an additional 172,785 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in EverQuote by 636.0% in the third 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. 91.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EVER shares. Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price for the company in a report on Thursday, December 26th. JPMorgan Chase & Co. increased their price objective on EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Canaccord Genuity Group reduced their target price on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Finally, Needham & Company LLC increased their target price on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $32.33.

EverQuote Trading Down 1.0 %

EverQuote stock opened at $25.77 on Friday. The firm has a market capitalization of $911.00 million, a P/E ratio of 75.79 and a beta of 1.01. The business has a 50-day moving average of $21.02 and a 200-day moving average of $20.31. EverQuote, Inc. has a 1 year low of $15.24 and a 1 year high of $28.09.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, February 24th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.18. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business had revenue of $147.46 million during the quarter, compared to analysts’ expectations of $133.83 million. Research analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Insider Activity at EverQuote

In other news, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction that occurred on Monday, January 27th. The shares were 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 $570,300. This trade represents a 6.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO David Brainard sold 29,248 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $19.93, for a total transaction of $582,912.64. Following the completion of the transaction, the chief technology officer now directly owns 116,212 shares of the company’s stock, valued at approximately $2,316,105.16. This trade represents a 20.11 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,453 shares of company stock valued at $1,459,054. 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.