Charles Schwab Investment Management Inc. Raises Stock Holdings in EverQuote, Inc. (NASDAQ:EVER)

Charles Schwab Investment Management Inc. boosted its holdings in shares of EverQuote, Inc. (NASDAQ:EVER) by 28.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 309,344 shares of the company’s stock after acquiring an additional 68,862 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in EverQuote were worth $6,184,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of EVER. R Squared Ltd purchased a new position in shares of EverQuote during the fourth quarter worth approximately $34,000. Quarry LP grew its stake in EverQuote by 100.7% in the third quarter. Quarry LP now owns 2,894 shares of the company’s stock worth $61,000 after purchasing an additional 1,452 shares in the last quarter. Quantbot Technologies LP increased its holdings in EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after purchasing an additional 1,874 shares during the period. Asset Management One Co. Ltd. raised its position 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. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of EverQuote in the 3rd quarter worth $158,000. Institutional investors own 91.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Needham & Company LLC boosted their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research note on Thursday, December 26th. Finally, Canaccord Genuity Group cut their price objective on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $32.33.

EverQuote Stock Performance

EVER stock opened at $29.08 on Tuesday. EverQuote, Inc. has a one year low of $16.63 and a one year high of $29.97. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 85.53 and a beta of 1.01. The firm has a 50-day simple moving average of $22.82 and a two-hundred day simple moving average of $20.62.

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

Insider Activity

In related news, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $20.00, for a total value of $40,000.00. Following the completion of the sale, the director now directly owns 28,515 shares in the company, valued at $570,300. This trade represents a 6.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO David Brainard sold 29,248 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $19.93, for a total transaction of $582,912.64. Following the sale, the chief technology officer now directly owns 116,212 shares in the company, valued at approximately $2,316,105.16. This represents a 20.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 200,028 shares of company stock worth $5,269,954. Insiders own 29.79% of the company’s stock.

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.