Ieq Capital LLC Takes Position in EverQuote, Inc. (NASDAQ:EVER)

Ieq Capital LLC purchased a new position in shares of EverQuote, Inc. (NASDAQ:EVER) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 17,051 shares of the company’s stock, valued at approximately $341,000.

Other large investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in EverQuote by 4.0% in the 4th quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock worth $698,000 after buying an additional 1,332 shares during the period. Asset Management One Co. Ltd. increased its holdings in EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock valued at $90,000 after purchasing an additional 2,042 shares in the last quarter. R Squared Ltd bought a new position in shares of EverQuote in the fourth quarter valued at about $34,000. Inspire Investing LLC lifted its position in shares of EverQuote by 25.8% during the fourth quarter. Inspire Investing LLC now owns 48,148 shares of the company’s stock worth $962,000 after purchasing an additional 9,868 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in EverQuote by 105.1% in the 4th quarter. SG Americas Securities LLC now owns 27,281 shares of the company’s stock valued at $545,000 after buying an additional 13,978 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

Insider Activity at EverQuote

In related news, Director John L. Shields sold 2,000 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $20.00, for a total transaction of $40,000.00. Following the completion of the sale, the director now owns 28,515 shares in the company, valued at approximately $570,300. This represents a 6.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO David Brainard sold 14,590 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $17.44, for a total value of $254,449.60. Following the transaction, the chief technology officer now 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 disclosure for this sale can be found here. Insiders sold 63,806 shares of company stock valued at $1,262,374 in the last three months. Corporate insiders own 29.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EVER. Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a research note on Thursday, December 26th. JPMorgan Chase & Co. increased their price target on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday. Needham & Company LLC increased their price target on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday. B. Riley lowered their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Canaccord Genuity Group reduced their price target on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, EverQuote currently has an average rating of “Buy” and an average target price of $32.33.

EverQuote Stock Performance

NASDAQ:EVER opened at $25.78 on Friday. EverQuote, Inc. has a fifty-two week low of $14.28 and a fifty-two week high of $28.09. The company has a 50 day simple moving average of $20.25 and a two-hundred day simple moving average of $20.17. The company has a market capitalization of $911.35 million, a PE ratio of 75.82 and a beta of 0.96.

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

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.