EverQuote, Inc. (NASDAQ:EVER) Shares Purchased by Barclays PLC

Barclays PLC increased its position in EverQuote, Inc. (NASDAQ:EVER) by 331.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,983 shares of the company’s stock after acquiring an additional 39,160 shares during the period. Barclays PLC owned approximately 0.14% of EverQuote worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EVER. Geode Capital Management LLC boosted its holdings in shares of EverQuote by 10.4% in the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock valued at $12,554,000 after acquiring an additional 56,114 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in EverQuote during the third quarter valued at $757,000. MML Investors Services LLC purchased a new stake in EverQuote in the third quarter valued at $290,000. Zacks Investment Management boosted its stake in shares of EverQuote by 249.8% in the third quarter. Zacks Investment Management now owns 52,067 shares of the company’s stock worth $1,098,000 after buying an additional 37,182 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in EverQuote during the third quarter worth about $1,641,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

EVER has been the topic of several recent research reports. B. Riley lowered their price objective on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price target on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Finally, Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Thursday, December 26th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $31.67.

EverQuote Stock Performance

EverQuote stock opened at $17.91 on Wednesday. The company’s 50 day simple moving average is $18.81 and its 200-day simple moving average is $20.74. EverQuote, Inc. has a 1 year low of $10.21 and a 1 year high of $28.09. The company has a market capitalization of $633.14 million, a price-to-earnings ratio of 52.68 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. The business had revenue of $144.53 million for the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business’s quarterly revenue was up 162.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.40) earnings per share. Equities analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Insider Buying and Selling at EverQuote

In related news, CTO David Brainard sold 14,590 shares of EverQuote stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $17.44, for a total value of $254,449.60. Following the completion of the transaction, the chief technology officer now directly owns 137,291 shares in the company, valued at approximately $2,394,355.04. This trade represents a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 52,668 shares of company stock valued at $1,005,134 in the last 90 days. Company insiders own 29.79% of the company’s stock.

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.