615,866 Shares in EverQuote, Inc. (NASDAQ:EVER) Bought by Divisadero Street Capital Management LP

Divisadero Street Capital Management LP bought a new stake in EverQuote, Inc. (NASDAQ:EVER) during the fourth quarter, Holdings Channel reports. The fund bought 615,866 shares of the company’s stock, valued at approximately $12,311,000. EverQuote comprises about 1.4% of Divisadero Street Capital Management LP’s investment portfolio, making the stock its 22nd biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake 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 valued at $40,314,000 after buying an additional 24,347 shares in the last quarter. Toronado Partners LLC lifted its holdings in EverQuote by 59.7% in the 4th quarter. Toronado Partners LLC now owns 718,774 shares of the company’s stock worth $14,368,000 after buying an additional 268,670 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of EverQuote by 32.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company’s stock valued at $13,076,000 after acquiring an additional 161,426 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of 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 acquiring an additional 5,210 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new position in shares of EverQuote in the fourth quarter worth about $11,618,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Price Performance

Shares of EVER stock opened at $23.19 on Wednesday. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03. The firm has a market capitalization of $828.40 million, a price-to-earnings ratio of 68.20 and a beta of 0.45. The business has a 50 day simple moving average of $24.67 and a 200 day simple moving average of $21.26.

EverQuote (NASDAQ:EVER) last posted 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. The business had revenue of $147.46 million during the quarter, compared to the consensus estimate of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. On average, equities analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EVER shares. Canaccord Genuity Group lowered their price objective on EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 24th. JPMorgan Chase & Co. upped their target price on EverQuote from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $38.00 price target on shares of EverQuote in a research report on Tuesday. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $32.50.

Insider Activity at EverQuote

In related news, CEO Jayme Mendal sold 14,360 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $21.36, for a total transaction of $306,729.60. Following the completion of the sale, the chief executive officer now directly owns 587,509 shares in the company, valued at approximately $12,549,192.24. This trade represents a 2.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Ventures Lllp Link sold 1,022 shares of EverQuote stock in a transaction on Monday, March 24th. The stock was 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 owns 3,498,667 shares in the company, 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. Insiders have sold 193,967 shares of company stock worth $5,278,231 over the last quarter. 29.79% of the stock is currently owned by company insiders.

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.