Verition Fund Management LLC Acquires Shares of 10,368 EverQuote, Inc. (NASDAQ:EVER)

Verition Fund Management LLC bought a new position in EverQuote, Inc. (NASDAQ:EVER) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,368 shares of the company’s stock, valued at approximately $219,000.

Other institutional investors have also modified their holdings of the company. Gladius Capital Management LP bought a new stake in EverQuote in the third quarter valued at about $26,000. Quarry LP increased its holdings in shares of EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after acquiring an additional 985 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of EverQuote during the 2nd quarter valued at approximately $35,000. CWM LLC lifted its stake in EverQuote by 133.2% during the second quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after purchasing an additional 1,063 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in EverQuote by 115.1% in the third 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. Institutional investors and hedge funds own 91.54% of the company’s stock.

Insider Buying and Selling

In related news, CTO David Brainard sold 1,641 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total value of $33,181.02. Following the completion of the sale, the chief technology officer now 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George R. Neble sold 2,500 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the completion of the transaction, the director now owns 54,970 shares of the company’s stock, valued at $1,067,517.40. This represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,716 shares of company stock valued at $188,810 in the last three months. 29.79% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on EVER shares. B. Riley reduced their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. cut their target price on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $31.60.

EverQuote Stock Performance

Shares of EVER opened at $18.06 on Monday. The firm has a fifty day moving average of $18.86 and a 200-day moving average of $21.09. The company has a market cap of $638.44 million, a price-to-earnings ratio of 53.12 and a beta of 0.96. EverQuote, Inc. has a 1 year low of $10.21 and a 1 year high of $28.09.

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

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.