Granahan Investment Management LLC Has $9.17 Million Holdings in EverQuote, Inc. (NASDAQ:EVER)

Granahan Investment Management LLC decreased its position in shares of EverQuote, Inc. (NASDAQ:EVER) by 36.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 458,898 shares of the company’s stock after selling 259,509 shares during the quarter. Granahan Investment Management LLC owned approximately 1.30% of EverQuote worth $9,173,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Divisadero Street Capital Management LP bought a new stake in shares of EverQuote during the fourth quarter worth about $12,311,000. Freestone Grove Partners LP acquired a new stake in EverQuote during the 4th quarter worth approximately $11,618,000. JPMorgan Chase & Co. grew its holdings in EverQuote by 3,022.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock worth $8,133,000 after acquiring an additional 373,280 shares during the last quarter. Toronado Partners LLC increased its position in EverQuote by 59.7% in the 4th quarter. Toronado Partners LLC now owns 718,774 shares of the company’s stock valued at $14,368,000 after acquiring an additional 268,670 shares during the period. Finally, Boston Partners bought a new position in shares of EverQuote during the fourth quarter valued at $3,668,000. Institutional investors own 91.54% of the company’s stock.

EverQuote Trading Up 0.4 %

EVER stock opened at $23.23 on Friday. EverQuote, Inc. has a 1-year low of $16.63 and a 1-year high of $30.03. The stock has a 50-day moving average price of $24.48 and a 200-day moving average price of $21.33. The firm has a market cap of $829.87 million, a PE ratio of 68.32 and a beta of 0.45.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 13.94% and a net margin of 3.31%. On average, analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Insider Buying and Selling at EverQuote

In other news, major shareholder Ventures Lllp Link sold 1,022 shares of the company’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 transaction of $29,382.50. Following the transaction, the insider now directly owns 3,498,667 shares of the company’s stock, valued at $100,586,676.25. This represents a 0.03 % 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, CAO Jon Ayotte sold 7,647 shares of EverQuote stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $25.72, for a total transaction of $196,680.84. Following the completion of the sale, the chief accounting officer now directly owns 58,045 shares of the company’s stock, valued at approximately $1,492,917.40. The trade was a 11.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 193,967 shares of company stock valued at $5,278,231. Corporate insiders own 29.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EVER. Canaccord Genuity Group reduced their price objective on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price target on shares of EverQuote in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective on EverQuote from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Tuesday. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $32.50.

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.