Algert Global LLC Buys New Holdings in EverQuote, Inc. (NASDAQ:EVER)

Algert Global LLC acquired a new stake in shares of EverQuote, Inc. (NASDAQ:EVER) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 51,718 shares of the company’s stock, valued at approximately $1,034,000.

Other large investors have also made changes to their positions in the company. Jane Street Group LLC boosted its holdings in EverQuote by 88.7% in the fourth quarter. Jane Street Group LLC now owns 12,081 shares of the company’s stock valued at $241,000 after purchasing an additional 5,678 shares during the last quarter. Freestone Grove Partners LP purchased a new stake in EverQuote in the 4th quarter worth approximately $11,618,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of EverQuote during the 4th quarter worth approximately $248,000. AQR Capital Management LLC increased its holdings in shares of EverQuote by 68.5% during the 4th quarter. AQR Capital Management LLC now owns 394,874 shares of the company’s stock valued at $7,894,000 after purchasing an additional 160,494 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of EverQuote by 12.6% in the 4th quarter. Northern Trust Corp now owns 255,641 shares of the company’s stock valued at $5,110,000 after purchasing an additional 28,536 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

EverQuote Stock Up 0.4 %

EverQuote stock opened at $23.23 on Friday. The company has a fifty day simple moving average of $24.48 and a 200-day simple moving average of $21.35. The firm has a market capitalization of $829.87 million, a price-to-earnings ratio of 68.32 and a beta of 0.45. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $30.03.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.18. The business had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. On average, research analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other EverQuote news, CTO David Brainard sold 6,609 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $21.49, for a total value of $142,027.41. Following the transaction, the chief technology officer now directly owns 156,783 shares in the company, valued at $3,369,266.67. The trade was a 4.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $28.75, for a total transaction of $29,382.50. Following the sale, the insider now owns 3,498,667 shares of the company’s stock, valued at $100,586,676.25. This represents a 0.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 193,967 shares of company stock valued at $5,278,231 in the last three months. 29.79% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EVER. JPMorgan Chase & Co. increased their target price on shares of EverQuote from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 6th. Needham & Company LLC restated a “buy” rating and issued a $38.00 price objective on shares of EverQuote in a research report on Tuesday, May 6th. Finally, Canaccord Genuity Group decreased their target price on EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, EverQuote has a consensus rating of “Buy” and an average target price of $32.50.

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.