Royce & Associates LP Has $8.99 Million Stock Position in EverQuote, Inc. (NASDAQ:EVER)

Royce & Associates LP decreased its holdings in shares of EverQuote, Inc. (NASDAQ:EVER) by 23.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 449,722 shares of the company’s stock after selling 140,430 shares during the quarter. Royce & Associates LP’s holdings in EverQuote were worth $8,990,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Rhumbline Advisers grew its position in EverQuote by 4.0% in the fourth quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock worth $698,000 after acquiring an additional 1,332 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in EverQuote by 19.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock worth $177,000 after purchasing an additional 1,363 shares in the last quarter. Quarry LP increased its position in EverQuote by 100.7% during the third quarter. Quarry LP now owns 2,894 shares of the company’s stock worth $61,000 after buying an additional 1,452 shares during the last quarter. R Squared Ltd bought a new position in EverQuote during the fourth quarter valued at about $34,000. Finally, Quantbot Technologies LP lifted its position in shares of EverQuote by 115.1% in the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after buying an additional 1,874 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director John L. Shields sold 2,000 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $20.00, for a total value of $40,000.00. Following the completion of the transaction, the director now directly owns 28,515 shares of the company’s stock, valued at $570,300. This trade represents a 6.55 % 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 hyperlink. Also, CAO Jon Ayotte sold 7,647 shares of the business’s 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 in the company, valued at $1,492,917.40. This trade represents a 11.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,863 shares of company stock worth $1,204,605. 29.79% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EVER. JPMorgan Chase & Co. raised their price objective on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Needham & Company LLC boosted their price objective on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Canaccord Genuity Group decreased their price objective on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a report on Monday, February 24th. Finally, Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a report on Thursday, December 26th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $32.33.

EverQuote Trading Down 5.7 %

Shares of EVER stock opened at $26.46 on Wednesday. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $28.27. The firm’s fifty day simple moving average is $22.02 and its 200 day simple moving average is $20.46. The firm has a market capitalization of $945.26 million, a P/E ratio of 77.82 and a beta of 1.01.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $133.83 million. Equities research analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current fiscal 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.