Inspire Investing LLC Makes New $842,000 Investment in EverQuote, Inc. (NASDAQ:EVER)

Inspire Investing LLC acquired a new stake in EverQuote, Inc. (NASDAQ:EVER) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 40,388 shares of the company’s stock, valued at approximately $842,000. Inspire Investing LLC owned about 0.12% of EverQuote at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in EverQuote by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock valued at $21,487,000 after purchasing an additional 30,577 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of EverQuote by 3.6% during the first quarter. First Eagle Investment Management LLC now owns 532,138 shares of the company’s stock worth $9,876,000 after buying an additional 18,523 shares during the period. Acadian Asset Management LLC boosted its stake in shares of EverQuote by 62.6% during the second 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. Renaissance Technologies LLC grew its holdings in shares of EverQuote by 331.9% during the second quarter. Renaissance Technologies LLC now owns 293,708 shares of the company’s stock worth $6,127,000 after buying an additional 225,700 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in EverQuote by 244,503.3% in the 1st quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock valued at $5,448,000 after acquiring an additional 293,404 shares during the period. 91.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Ventures Lllp Link sold 7,680 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $27.08, for a total value of $207,974.40. Following the sale, the insider now owns 3,510,721 shares in the company, valued at approximately $95,070,324.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder Ventures Lllp Link sold 7,680 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $27.08, for a total value of $207,974.40. Following the sale, the insider now directly owns 3,510,721 shares in the company, valued at approximately $95,070,324.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mira Wilczek sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $22.31, for a total transaction of $111,550.00. Following the transaction, the director now owns 94,544 shares of the company’s stock, valued at $2,109,276.64. The disclosure for this sale can be found here. In the last three months, insiders sold 133,998 shares of company stock worth $3,356,708. Company insiders own 29.79% of the company’s stock.

Analysts Set New Price Targets

EVER has been the topic of a number of recent research reports. Needham & Company LLC boosted their target price on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price objective on shares of EverQuote from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Finally, Craig Hallum upped their price objective on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $29.58.

EverQuote Price Performance

EverQuote stock opened at $22.31 on Friday. The stock’s 50 day moving average price is $23.32 and its 200 day moving average price is $21.46. The company has a market cap of $774.71 million, a PE ratio of -15.82 and a beta of 1.04. EverQuote, Inc. has a 1-year low of $6.44 and a 1-year high of $28.09.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.14. EverQuote had a negative net margin of 8.55% and a negative return on equity of 13.24%. The business had revenue of $117.14 million for the quarter, compared to analysts’ expectations of $102.81 million. During the same period in the prior year, the company posted ($0.31) EPS. The business’s revenue for the quarter was up 72.3% on a year-over-year basis. On average, equities research analysts anticipate that EverQuote, Inc. will post 0.57 EPS for the current fiscal year.

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.