Victory Capital Management Inc. Has $612,000 Holdings in EverQuote, Inc. (NASDAQ:EVER)

Victory Capital Management Inc. lifted its stake in EverQuote, Inc. (NASDAQ:EVER) by 97.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,019 shares of the company’s stock after acquiring an additional 14,311 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of EverQuote worth $612,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EVER. Vanguard Group Inc. boosted its holdings in EverQuote by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock valued at $21,487,000 after purchasing an additional 30,577 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of EverQuote in the first quarter valued at about $2,167,000. Northwestern Mutual Wealth Management Co. acquired a new stake in EverQuote during the second quarter worth about $782,000. Emerald Advisers LLC grew its position in EverQuote by 165.8% during the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after buying an additional 399,257 shares in the last quarter. Finally, Inspire Investing LLC bought a new position in EverQuote during the second quarter valued at about $842,000. Institutional investors own 91.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on EVER. Needham & Company LLC lifted their price objective on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. decreased their price target on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Craig Hallum boosted their price target on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Finally, B. Riley reduced their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $28.50.

EverQuote Price Performance

Shares of NASDAQ:EVER opened at $19.16 on Friday. The business’s fifty day moving average price is $19.41 and its two-hundred day moving average price is $21.56. EverQuote, Inc. has a fifty-two week low of $8.44 and a fifty-two week high of $28.09. The stock has a market capitalization of $677.33 million, a price-to-earnings ratio of 56.35 and a beta of 1.06.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. During the same quarter in the prior year, the firm earned ($0.40) EPS. The firm’s quarterly revenue was up 162.7% compared to the same quarter last year. Research analysts expect that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Insider Transactions at EverQuote

In related news, Director George R. Neble sold 2,500 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $19.42, for a total transaction of $48,550.00. Following the sale, the director now directly owns 54,970 shares in the company, valued at $1,067,517.40. This represents a 4.35 % decrease in their position. The transaction 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 the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total value of $33,181.02. Following the sale, the chief technology officer now directly owns 155,491 shares of the company’s stock, 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. Over the last 90 days, insiders sold 9,716 shares of company stock valued at $188,810. Corporate insiders own 29.79% of the company’s stock.

About EverQuote

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.