EverQuote, Inc. (NASDAQ:EVER) Stock Position Raised by nVerses Capital LLC

nVerses Capital LLC lifted its stake in shares of EverQuote, Inc. (NASDAQ:EVER) by 41.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,400 shares of the company’s stock after purchasing an additional 700 shares during the period. nVerses Capital LLC’s holdings in EverQuote were worth $51,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of EVER. Vanguard Group Inc. boosted its holdings in shares of EverQuote by 2.7% in the first quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock worth $21,487,000 after buying an additional 30,577 shares during the period. BNP Paribas Financial Markets boosted its stake in EverQuote by 127.6% in the 1st quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock worth $1,016,000 after purchasing an additional 30,699 shares during the period. Russell Investments Group Ltd. raised its stake in EverQuote by 244,503.3% during the 1st quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock valued at $5,448,000 after purchasing an additional 293,404 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of EverQuote in the first quarter valued at $2,167,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of EverQuote in the second quarter valued at $782,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

EverQuote Price Performance

Shares of NASDAQ EVER opened at $18.99 on Tuesday. EverQuote, Inc. has a one year low of $6.64 and a one year high of $28.09. The business’s 50-day moving average price is $21.49 and its two-hundred day moving average price is $21.88. The company has a market capitalization of $659.43 million, a P/E ratio of -13.47 and a beta of 1.04.

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

Insider Buying and Selling at EverQuote

In other EverQuote news, Director David B. Blundin sold 3,255 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $26.81, for a total transaction of $87,266.55. Following the completion of the transaction, the director now owns 264,273 shares of the company’s stock, valued at $7,085,159.13. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director David B. Blundin sold 3,255 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $26.81, for a total transaction of $87,266.55. Following the completion of the transaction, the director now owns 264,273 shares of the company’s stock, valued at approximately $7,085,159.13. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the sale, the director now owns 54,970 shares in the company, valued at approximately $1,067,517.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,303 shares of company stock worth $2,516,083 over the last 90 days. Insiders own 29.79% of the company’s stock.

EverQuote 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.