EverQuote, Inc. (NASDAQ:EVER) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. reduced its stake in EverQuote, Inc. (NASDAQ:EVER) by 21.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 44,567 shares of the company’s stock after selling 11,946 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.13% of EverQuote worth $891,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Counterpoint Mutual Funds LLC raised its position in EverQuote by 74.3% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 38,053 shares of the company’s stock valued at $761,000 after purchasing an additional 16,217 shares during the period. Intech Investment Management LLC acquired a new stake in shares of EverQuote in the fourth quarter valued at $236,000. Jump Financial LLC raised its holdings in shares of EverQuote by 18.2% in the 4th quarter. Jump Financial LLC now owns 72,000 shares of the company’s stock valued at $1,439,000 after buying an additional 11,072 shares during the period. Hillsdale Investment Management Inc. lifted its stake in EverQuote by 24.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 210,700 shares of the company’s stock worth $4,212,000 after acquiring an additional 41,500 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in EverQuote by 28.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 309,344 shares of the company’s stock valued at $6,184,000 after acquiring an additional 68,862 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

EverQuote Stock Performance

Shares of EverQuote stock opened at $22.59 on Friday. The business has a 50-day simple moving average of $24.04 and a 200-day simple moving average of $21.74. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03. The company has a market cap of $807.01 million, a PE ratio of 66.44 and a beta of 0.45.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, topping the consensus estimate 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. On average, sell-side analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Jayme Mendal sold 14,360 shares of the firm’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $23.54, for a total transaction of $338,034.40. Following the sale, the chief executive officer now owns 573,149 shares of the company’s stock, valued at approximately $13,491,927.46. This trade represents a 2.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Shields sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $20.93, for a total value of $41,860.00. Following the sale, the director now owns 26,515 shares of the company’s stock, valued at approximately $554,958.95. The trade was a 7.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 206,924 shares of company stock worth $5,601,873. Corporate insiders own 29.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of EverQuote from $29.00 to $30.00 and gave the stock 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 note on Tuesday, May 6th. Finally, Canaccord Genuity Group reduced their target price 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 investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, EverQuote has a consensus rating of “Buy” and a consensus price target of $32.50.

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.