Y Intercept Hong Kong Ltd bought a new position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 35,906 shares of the company's stock, valued at approximately $757,000. Y Intercept Hong Kong Ltd owned about 0.10% of EverQuote at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in EVER. nVerses Capital LLC increased its stake in EverQuote by 41.2% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company's stock worth $51,000 after buying an additional 700 shares during the period. Quarry LP grew its stake in EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company's stock worth $30,000 after acquiring an additional 985 shares in the last quarter. CWM LLC increased its position in shares of EverQuote by 133.2% during 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. Gladius Capital Management LP bought a new stake in shares of EverQuote during the third quarter valued at approximately $26,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of EverQuote by 19.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company's stock valued at $177,000 after acquiring an additional 1,363 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.
EverQuote stock opened at $18.06 on Friday. EverQuote, Inc. has a twelve month low of $10.21 and a twelve month high of $28.09. The business has a fifty day moving average of $18.86 and a two-hundred day moving average of $21.14. The firm has a market cap of $638.44 million, a P/E ratio of 53.12 and a beta of 0.96.
EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.09. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm had revenue of $144.53 million during the quarter, compared to analysts' expectations of $140.30 million. During the same period in the prior year, the business posted ($0.40) EPS. The firm's quarterly revenue was up 162.7% on a year-over-year basis. Equities analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current year.
Several research firms have commented on EVER. JPMorgan Chase & Co. reduced their price objective on EverQuote from $34.00 to $28.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. B. Riley cut their price target on EverQuote from $36.50 to $29.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, EverQuote has an average rating of "Buy" and a consensus price target of $31.60.
Read Our Latest Stock Analysis on EverQuote
In other EverQuote news, Director George R. Neble sold 2,500 shares of the firm's stock in a transaction that occurred 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 directly owns 54,970 shares in the company, valued at $1,067,517.40. This trade represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO David Brainard sold 1,641 shares of EverQuote stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02. Following the completion of the transaction, the chief technology officer now directly owns 155,491 shares in the company, valued at $3,144,028.02. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,716 shares of company stock worth $188,810. Corporate insiders own 29.79% of the company's stock.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider EverQuote, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EverQuote wasn't on the list.
While EverQuote currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.