Dynamic Technology Lab Private Ltd Invests $205,000 in EverQuote, Inc. (NASDAQ:EVER)

Dynamic Technology Lab Private Ltd purchased a new position in EverQuote, Inc. (NASDAQ:EVER) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,221 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of EVER. Vanguard Group Inc. increased its holdings in shares of EverQuote by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company’s stock worth $40,314,000 after buying an additional 24,347 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of EverQuote by 32.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company’s stock worth $13,076,000 after buying an additional 161,426 shares in the last quarter. Geode Capital Management LLC lifted its position in EverQuote by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 600,365 shares of the company’s stock valued at $12,004,000 after purchasing an additional 5,210 shares during the period. JPMorgan Chase & Co. grew its stake in shares of EverQuote by 3,022.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock valued at $8,133,000 after purchasing an additional 373,280 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in EverQuote by 28.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 309,344 shares of the company’s stock valued at $6,184,000 after purchasing an additional 68,862 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Stock Performance

NASDAQ:EVER opened at $20.21 on Friday. The stock has a 50 day moving average price of $24.34 and a 200 day moving average price of $20.89. The stock has a market cap of $721.98 million, a PE ratio of 59.44 and a beta of 0.77. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, beating 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 firm had revenue of $147.46 million for the quarter, compared to analysts’ expectations of $133.83 million. As a group, analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research report on Thursday, December 26th. Needham & Company LLC upped their price objective on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Canaccord Genuity Group lowered their price objective on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. raised their target price on EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $32.33.

Insider Activity

In other EverQuote news, Director John L. Shields sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $20.00, for a total value of $40,000.00. Following the sale, the director now owns 28,515 shares of the company’s stock, valued at $570,300. The trade was a 6.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Ventures Lllp Link sold 1,022 shares of EverQuote stock in a transaction on Monday, March 24th. The shares were sold at an average price of $28.75, for a total value of $29,382.50. Following the completion of the sale, the insider now directly owns 3,498,667 shares of the company’s stock, valued at $100,586,676.25. The trade was a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 179,607 shares of company stock valued at $4,969,642. 29.79% of the stock is currently owned by company insiders.

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.