Sierra Summit Advisors LLC Purchases Shares of 29,255 EverQuote, Inc. (NASDAQ:EVER)

Sierra Summit Advisors LLC acquired a new position in shares of EverQuote, Inc. (NASDAQ:EVER) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 29,255 shares of the company’s stock, valued at approximately $585,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in EverQuote by 255.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock worth $5,072,000 after purchasing an additional 172,785 shares during the period. Geode Capital Management LLC boosted its holdings in shares of EverQuote by 10.4% in the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock valued at $12,554,000 after acquiring an additional 56,114 shares in the last quarter. Counterpoint Mutual Funds LLC increased its stake in shares of EverQuote by 74.3% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 38,053 shares of the company’s stock valued at $761,000 after acquiring an additional 16,217 shares during the period. Barclays PLC raised its holdings in EverQuote by 331.2% during the third quarter. Barclays PLC now owns 50,983 shares of the company’s stock worth $1,076,000 after purchasing an additional 39,160 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in EverQuote in the fourth quarter worth approximately $236,000. Institutional investors own 91.54% of the company’s stock.

EverQuote Stock Down 11.3 %

Shares of NASDAQ EVER opened at $21.66 on Monday. EverQuote, Inc. has a 12 month low of $16.63 and a 12 month high of $30.03. The company has a market cap of $773.78 million, a price-to-earnings ratio of 63.71 and a beta of 0.77. The business has a fifty day simple moving average of $24.29 and a 200-day simple moving average of $20.91.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. As a group, sell-side analysts expect that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Analyst Ratings Changes

EVER has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Needham & Company LLC boosted their price target on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a report on Thursday, December 26th. Finally, Canaccord Genuity Group lowered 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. Five 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.com, the company has a consensus rating of “Buy” and an average price target of $32.33.

Insider Activity at EverQuote

In other news, Director David B. Blundin sold 77,600 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $28.67, for a total value of $2,224,792.00. Following the completion of the sale, the director now owns 97,920 shares in the company, valued at $2,807,366.40. This represents a 44.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction on Monday, January 27th. The shares were sold at an average price of $20.00, for a total value of $40,000.00. Following the transaction, the director now owns 28,515 shares in the company, valued at $570,300. This represents a 6.55 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 176,744 shares of company stock worth $4,900,194. 29.79% of the stock is owned by corporate insiders.

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.