Victory Capital Management Inc. Takes Position in EverQuote, Inc. (NASDAQ:EVER)

Victory Capital Management Inc. purchased a new position in shares of EverQuote, Inc. (NASDAQ:EVER) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,708 shares of the company’s stock, valued at approximately $307,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in shares of EverQuote during the 2nd quarter valued at about $35,000. CWM LLC boosted its position in EverQuote by 133.2% during the second quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after purchasing an additional 1,063 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in EverQuote in the second quarter valued at approximately $147,000. State Board of Administration of Florida Retirement System acquired a new position in shares of EverQuote during the 1st quarter worth approximately $211,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of EverQuote during the 1st quarter valued at approximately $672,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Needham & Company LLC boosted their price target on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Craig Hallum boosted their target price on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of EverQuote from $29.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, EverQuote presently has an average rating of “Buy” and a consensus target price of $29.58.

Insider Buying and Selling at EverQuote

In other news, CTO David Brainard sold 2,043 shares of EverQuote stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $20.96, for a total transaction of $42,821.28. Following the transaction, the chief technology officer now owns 169,956 shares in the company, valued at approximately $3,562,277.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Jayme Mendal sold 20,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $20.71, for a total value of $414,200.00. Following the completion of the transaction, the chief executive officer now directly owns 424,305 shares in the company, valued at $8,787,356.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO David Brainard sold 2,043 shares of EverQuote stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $20.96, for a total value of $42,821.28. Following the completion of the sale, the chief technology officer now owns 169,956 shares in the company, valued at approximately $3,562,277.76. The disclosure for this sale can be found here. Insiders sold a total of 133,998 shares of company stock worth $3,356,708 in the last three months. 29.79% of the stock is owned by corporate insiders.

EverQuote Stock Down 4.8 %

Shares of NASDAQ EVER opened at $21.23 on Tuesday. The stock has a market capitalization of $737.21 million, a price-to-earnings ratio of -15.06 and a beta of 1.04. EverQuote, Inc. has a 52 week low of $6.52 and a 52 week high of $28.09. The firm has a 50-day simple moving average of $23.30 and a 200-day simple moving average of $21.59.

EverQuote (NASDAQ:EVER) last released its 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. The business had revenue of $117.14 million for the quarter, compared to analyst estimates of $102.81 million. EverQuote had a negative net margin of 8.55% and a negative return on equity of 13.24%. The business’s revenue was up 72.3% on a year-over-year basis. During the same period last year, the company posted ($0.31) EPS. As a group, equities research analysts expect that EverQuote, Inc. will post 0.57 EPS for the current 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.