Empower Advisory Group LLC Buys Shares of 12,420 EverQuote, Inc. (NASDAQ:EVER)

Empower Advisory Group LLC bought a new stake in shares of EverQuote, Inc. (NASDAQ:EVER) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,420 shares of the company’s stock, valued at approximately $262,000.

A number of other hedge funds have also made changes to their positions in EVER. nVerses Capital LLC increased its holdings in shares of EverQuote by 41.2% in the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after purchasing an additional 700 shares during the last quarter. Quarry LP increased its holdings in shares of EverQuote by 215.5% in the second quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after purchasing an additional 985 shares during the last quarter. CWM LLC grew its position in EverQuote by 133.2% in the second quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after acquiring an additional 1,063 shares during the period. Meeder Asset Management Inc. purchased a new position in EverQuote in the second quarter worth approximately $76,000. Finally, Rhumbline Advisers grew its position in EverQuote by 18.3% in the second quarter. Rhumbline Advisers now owns 35,793 shares of the company’s stock worth $747,000 after acquiring an additional 5,534 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

Insider Activity

In other EverQuote news, CTO David Brainard sold 1,641 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total value of $33,181.02. Following the sale, the chief technology officer now directly owns 155,491 shares in the company, valued at $3,144,028.02. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George R. Neble sold 2,500 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 54,970 shares in the company, valued at approximately $1,067,517.40. This represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,305 shares of company stock worth $363,780. Corporate insiders own 29.79% of the company’s stock.

EverQuote Stock Down 5.4 %

EVER opened at $17.80 on Friday. The firm has a market cap of $624.50 million, a P/E ratio of 52.35 and a beta of 1.06. EverQuote, Inc. has a 52 week low of $8.18 and a 52 week high of $28.09. The business has a fifty day simple moving average of $19.93 and a 200-day simple moving average of $21.76.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, beating 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 return on equity of 13.94% and a net margin of 3.31%. The company’s revenue for the quarter was up 162.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.40) earnings per share. Sell-side analysts expect that EverQuote, Inc. will post 0.69 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC raised their price target on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. B. Riley lowered their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Craig Hallum raised their price target on EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $28.50.

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.