First Eagle Investment Management LLC Acquires 45,813 Shares of EverQuote, Inc. (NASDAQ:EVER)

First Eagle Investment Management LLC raised its holdings in shares of EverQuote, Inc. (NASDAQ:EVERFree Report) by 9.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 554,504 shares of the company’s stock after buying an additional 45,813 shares during the period. First Eagle Investment Management LLC owned about 1.66% of EverQuote worth $4,009,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EVER. Gilbert & Cook Inc. bought a new position in shares of EverQuote in the third quarter worth approximately $85,000. Envestnet Asset Management Inc. boosted its position in shares of EverQuote by 67.6% in the second quarter. Envestnet Asset Management Inc. now owns 244,044 shares of the company’s stock worth $1,586,000 after purchasing an additional 98,456 shares during the period. Acadian Asset Management LLC bought a new position in shares of EverQuote in the second quarter worth approximately $1,179,000. Raymond James & Associates boosted its position in shares of EverQuote by 69.3% in the third quarter. Raymond James & Associates now owns 44,704 shares of the company’s stock worth $323,000 after purchasing an additional 18,295 shares during the period. Finally, Bank of Montreal Can bought a new position in shares of EverQuote in the second quarter worth approximately $229,000. 85.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EVER. B. Riley upped their target price on shares of EverQuote from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Needham & Company LLC raised their target price on shares of EverQuote from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Craig Hallum began coverage on shares of EverQuote in a research note on Tuesday, December 5th. They set a “buy” rating and a $16.00 target price for the company. Finally, Raymond James raised shares of EverQuote from a “market perform” rating to an “outperform” rating and set a $13.00 target price for the company in a research note on Tuesday, December 12th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Check Out Our Latest Report on EVER

EverQuote Price Performance

Shares of NASDAQ:EVER opened at $13.15 on Tuesday. EverQuote, Inc. has a 52 week low of $5.36 and a 52 week high of $17.92. The firm has a fifty day simple moving average of $11.54 and a two-hundred day simple moving average of $8.64.

EverQuote (NASDAQ:EVERGet Free Report) last released its earnings results on Monday, November 6th. The company reported ($0.40) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.32. The firm had revenue of $55.01 million during the quarter, compared to analyst estimates of $52.25 million. EverQuote had a negative net margin of 16.67% and a negative return on equity of 34.24%. On average, equities research analysts predict that EverQuote, Inc. will post -1.11 EPS for the current year.

EverQuote Company Profile

(Free Report)

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, life, and health insurance. It also engages in online business activities. 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.

See Also

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Institutional Ownership by Quarter for EverQuote (NASDAQ:EVER)

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