EverQuote, Inc. (NASDAQ:EVER) Shares Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. lifted its position in shares of EverQuote, Inc. (NASDAQ:EVER) by 389.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,703 shares of the company’s stock after purchasing an additional 10,903 shares during the quarter. Point72 Asset Management L.P.’s holdings in EverQuote were worth $286,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP grew its stake in EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after acquiring an additional 985 shares during the period. nVerses Capital LLC acquired a new stake in EverQuote in the 2nd quarter valued at $35,000. CWM LLC grew its stake in EverQuote by 133.2% in the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after acquiring an additional 1,063 shares during the period. Meeder Asset Management Inc. acquired a new stake in EverQuote in the 2nd quarter valued at $76,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in EverQuote in the 2nd quarter valued at $147,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at EverQuote

In other news, CAO Jon Ayotte sold 3,199 shares of the business’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $25.00, for a total transaction of $79,975.00. Following the completion of the transaction, the chief accounting officer now directly owns 48,650 shares of the company’s stock, valued at approximately $1,216,250. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Jon Ayotte sold 3,199 shares of the business’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $25.00, for a total transaction of $79,975.00. Following the completion of the transaction, the chief accounting officer now directly owns 48,650 shares of the company’s stock, valued at approximately $1,216,250. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO David Brainard sold 1,641 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 114,029 shares of company stock valued at $2,940,633. 29.79% of the stock is currently owned by corporate insiders.

EverQuote Price Performance

NASDAQ EVER opened at $20.76 on Friday. The company has a market cap of $720.89 million, a P/E ratio of -14.72 and a beta of 1.04. The stock has a 50-day moving average of $22.57 and a two-hundred day moving average of $21.73. EverQuote, Inc. has a 1-year low of $6.64 and a 1-year high of $28.09.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.14. The company had revenue of $117.14 million during the quarter, compared to the consensus estimate of $102.81 million. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. EverQuote’s revenue was up 72.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.31) EPS. On average, 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.