Jacobs Asset Management LLC Acquires 30,160 Shares of EverQuote, Inc. (NASDAQ:EVER)

Jacobs Asset Management LLC raised its stake in shares of EverQuote, Inc. (NASDAQ:EVER) by 12.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 280,000 shares of the company’s stock after purchasing an additional 30,160 shares during the period. EverQuote accounts for approximately 3.4% of Jacobs Asset Management LLC’s investment portfolio, making the stock its 14th biggest position. Jacobs Asset Management LLC owned approximately 0.79% of EverQuote worth $5,597,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Barclays PLC boosted its stake in shares of EverQuote by 331.2% in the 3rd quarter. Barclays PLC now owns 50,983 shares of the company’s stock valued at $1,076,000 after purchasing an additional 39,160 shares during the last quarter. Franklin Resources Inc. boosted its position in EverQuote by 116.6% during the third quarter. Franklin Resources Inc. now owns 58,781 shares of the company’s stock valued at $1,147,000 after acquiring an additional 31,644 shares during the last quarter. JPMorgan Chase & Co. boosted its position in EverQuote by 3,022.8% during the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock valued at $8,133,000 after acquiring an additional 373,280 shares during the last quarter. SG Americas Securities LLC grew its holdings in EverQuote by 105.1% during the 4th quarter. SG Americas Securities LLC now owns 27,281 shares of the company’s stock worth $545,000 after acquiring an additional 13,978 shares during the period. Finally, Inspire Investing LLC raised its position in shares of EverQuote by 25.8% in the 4th quarter. Inspire Investing LLC now owns 48,148 shares of the company’s stock worth $962,000 after acquiring an additional 9,868 shares in the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EVER has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on EverQuote from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 6th. Canaccord Genuity Group reduced their price objective on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $38.00 target price on shares of EverQuote in a research report on Tuesday, May 6th. Five investment 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, EverQuote currently has an average rating of “Buy” and an average price target of $32.50.

Insider Activity at EverQuote

In other EverQuote news, Director David B. Blundin sold 8,746 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $28.75, for a total value of $251,447.50. Following the completion of the sale, the director now owns 89,174 shares in the company, valued at approximately $2,563,752.50. This trade represents a 8.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the business’s stock in a transaction that occurred 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 193,967 shares of company stock valued at $5,278,231. 29.79% of the stock is owned by insiders.

EverQuote Stock Up 0.4 %

NASDAQ EVER opened at $23.23 on Friday. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03. The business has a 50 day moving average price of $24.48 and a 200-day moving average price of $21.35. The company has a market cap of $829.87 million, a price-to-earnings ratio of 68.32 and a beta of 0.45.

EverQuote (NASDAQ:EVER) last posted its 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 the consensus estimate of $133.83 million. On average, equities research analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share 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.