AlphaQuest LLC Raises Stock Holdings in EverQuote, Inc. (NASDAQ:EVER)

AlphaQuest LLC grew its stake in EverQuote, Inc. (NASDAQ:EVER) by 53.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,704 shares of the company’s stock after acquiring an additional 2,698 shares during the quarter. AlphaQuest LLC’s holdings in EverQuote were worth $154,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Gladius Capital Management LP purchased a new stake in shares of EverQuote in the third quarter valued at $26,000. Rhumbline Advisers lifted its position in EverQuote by 4.0% during the fourth 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. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in EverQuote by 19.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock worth $177,000 after buying an additional 1,363 shares during the period. Quarry LP increased its stake in EverQuote by 100.7% during the third quarter. Quarry LP now owns 2,894 shares of the company’s stock worth $61,000 after acquiring an additional 1,452 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in EverQuote during the fourth quarter worth about $34,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at EverQuote

In other news, CAO Jon Ayotte sold 7,647 shares of EverQuote stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $25.72, for a total transaction of $196,680.84. Following the transaction, the chief accounting officer now directly owns 58,045 shares in the company, valued at approximately $1,492,917.40. This trade represents a 11.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO David Brainard sold 3,675 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $19.52, for a total value of $71,736.00. Following the completion of the sale, the chief technology officer now directly owns 108,244 shares in the company, valued at $2,112,922.88. This represents a 3.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,863 shares of company stock worth $1,204,605 in the last three months. 29.79% of the stock is owned by company insiders.

EverQuote Price Performance

EVER opened at $28.05 on Tuesday. EverQuote, Inc. has a 12 month low of $16.63 and a 12 month high of $28.25. The stock has a market cap of $1.00 billion, a P/E ratio of 82.50 and a beta of 1.01. The stock’s 50 day moving average price is $21.88 and its 200 day moving average price is $20.45.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, beating 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 firm had revenue of $147.46 million for the quarter, compared to analysts’ expectations of $133.83 million. Equities analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on EVER shares. Raymond James upgraded 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 report on Tuesday, February 25th. Canaccord Genuity Group reduced their target price on EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Finally, Needham & Company LLC increased their target price on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EverQuote has a consensus rating of “Buy” and a consensus price target of $32.33.

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.