EverQuote, Inc. (NASDAQ:EVER) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its stake in EverQuote, Inc. (NASDAQ:EVER) by 13.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,649 shares of the company’s stock after selling 39,733 shares during the period. Dimensional Fund Advisors LP owned about 0.76% of EverQuote worth $5,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in EVER. Russell Investments Group Ltd. increased its stake in shares of EverQuote by 244,503.3% during the first quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock worth $5,448,000 after buying an additional 293,404 shares during the period. Emerald Advisers LLC acquired a new stake in shares of EverQuote in the 2nd quarter valued at $5,023,000. Acadian Asset Management LLC lifted its position in shares of EverQuote by 206.9% during the 1st quarter. Acadian Asset Management LLC now owns 318,144 shares of the company’s stock worth $5,903,000 after purchasing an additional 214,486 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of EverQuote during the second quarter worth $3,796,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in EverQuote in the first quarter valued at $2,167,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on EVER. Needham & Company LLC lifted their price target on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Craig Hallum upped their price target on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. increased 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $29.58.

EverQuote Stock Up 0.5 %

NASDAQ:EVER opened at $19.83 on Wednesday. The company has a market capitalization of $688.60 million, a PE ratio of -14.00 and a beta of 1.04. EverQuote, Inc. has a 52-week low of $6.64 and a 52-week high of $28.09. The stock’s 50 day moving average price is $22.45 and its 200 day moving average price is $21.81.

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

Insider Activity

In related news, Director John L. Shields sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $21.54, for a total transaction of $43,080.00. Following the transaction, the director now owns 32,515 shares of the company’s stock, valued at $700,373.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CTO David Brainard sold 1,641 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02. Following the completion of the sale, the chief technology officer now directly owns 155,491 shares of the company’s stock, valued at $3,144,028.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction on Friday, July 12th. The shares were sold at an average price of $21.54, for a total transaction of $43,080.00. Following the completion of the transaction, the director now owns 32,515 shares in the company, valued at approximately $700,373.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 109,029 shares of company stock valued at $2,829,083. Insiders own 29.79% of the company’s stock.

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.