Dimensional Fund Advisors LP Boosts Stock Position in EverQuote, Inc. (NASDAQ:EVER)

Dimensional Fund Advisors LP grew its holdings in EverQuote, Inc. (NASDAQ:EVER) by 13.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 297,801 shares of the company’s stock after acquiring an additional 35,152 shares during the quarter. Dimensional Fund Advisors LP’s holdings in EverQuote were worth $5,953,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Alpha DNA Investment Management LLC boosted its stake in shares of EverQuote by 15.5% during the fourth quarter. Alpha DNA Investment Management LLC now owns 24,373 shares of the company’s stock valued at $487,000 after purchasing an additional 3,265 shares during the period. Canada Pension Plan Investment Board lifted its holdings in EverQuote by 2.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 55,600 shares of the company’s stock valued at $1,111,000 after buying an additional 1,500 shares in the last quarter. S Squared Technology LLC boosted its position in EverQuote by 7.7% in the 4th quarter. S Squared Technology LLC now owns 149,677 shares of the company’s stock valued at $2,992,000 after buying an additional 10,645 shares during the period. Jump Financial LLC grew its stake in EverQuote by 18.2% in the 4th quarter. Jump Financial LLC now owns 72,000 shares of the company’s stock worth $1,439,000 after acquiring an additional 11,072 shares in the last quarter. Finally, XTX Topco Ltd grew its stake in EverQuote by 25.6% in the 4th quarter. XTX Topco Ltd now owns 30,847 shares of the company’s stock worth $617,000 after acquiring an additional 6,292 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Insider Transactions at EverQuote

In other EverQuote news, CTO David Brainard sold 6,609 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $21.49, for a total transaction of $142,027.41. Following the completion of the sale, the chief technology officer now directly owns 156,783 shares of the company’s stock, valued at approximately $3,369,266.67. This represents a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jayme Mendal sold 14,360 shares of the firm’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $21.36, for a total transaction of $306,729.60. Following the completion of the sale, the chief executive officer now owns 587,509 shares in the company, valued at $12,549,192.24. This represents a 2.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 193,967 shares of company stock valued at $5,278,231. Corporate insiders own 29.79% of the company’s stock.

EverQuote Stock Performance

Shares of EVER opened at $23.23 on Monday. The company has a 50 day moving average price of $24.48 and a 200-day moving average price of $21.37. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03. The stock has a market capitalization of $829.87 million, a PE ratio of 68.32 and a beta of 0.45.

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of EverQuote from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday, May 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 target price on shares of EverQuote in a research report on Tuesday, May 6th. Finally, Canaccord Genuity Group lowered their target price on EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a report on Monday, February 24th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $32.50.

EverQuote Company 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.