EverQuote, Inc. (NASDAQ:EVER) is Toronado Partners LLC’s 6th Largest Position

Toronado Partners LLC boosted its position in shares of EverQuote, Inc. (NASDAQ:EVER) by 59.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 718,774 shares of the company’s stock after purchasing an additional 268,670 shares during the quarter. EverQuote makes up 9.1% of Toronado Partners LLC’s portfolio, making the stock its 6th biggest holding. Toronado Partners LLC owned 2.03% of EverQuote worth $14,368,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of EverQuote by 3,022.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock worth $8,133,000 after buying an additional 373,280 shares in the last quarter. Boston Partners acquired a new stake in shares of EverQuote in the fourth quarter valued at approximately $3,668,000. Charles Schwab Investment Management Inc. increased its stake in shares of EverQuote by 255.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock worth $5,072,000 after purchasing an additional 172,785 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of EverQuote by 32.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company’s stock worth $13,076,000 after purchasing an additional 161,426 shares during the last quarter. Finally, Schroder Investment Management Group purchased a new stake in EverQuote in the 4th quarter valued at approximately $2,657,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Insiders Place Their Bets

In other EverQuote news, CTO David Brainard sold 4,113 shares of the company’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $22.41, for a total transaction of $92,172.33. Following the completion of the sale, the chief technology officer now directly owns 143,874 shares in the company, valued at $3,224,216.34. This represents a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Ventures Lllp Link sold 1,022 shares of EverQuote stock in a transaction dated 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 transaction, the insider now directly owns 3,498,667 shares in the company, valued at $100,586,676.25. This represents a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 179,607 shares of company stock valued at $4,969,642 over the last quarter. Company insiders own 29.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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

EverQuote Trading Down 4.4 %

NASDAQ EVER opened at $20.21 on Friday. The business’s 50-day moving average price is $24.34 and its 200 day moving average price is $20.89. EverQuote, Inc. has a twelve month low of $16.63 and a twelve month high of $30.03. The company has a market capitalization of $721.98 million, a PE ratio of 59.44 and a beta of 0.77.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share 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 business had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. Equities analysts predict that EverQuote, Inc. will post 0.72 EPS for the current year.

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.