EverQuote, Inc. (NASDAQ:EVER) Stock Holdings Lessened by Earnest Partners LLC

Earnest Partners LLC lowered its stake in EverQuote, Inc. (NASDAQ:EVER) by 24.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 695,694 shares of the company’s stock after selling 222,334 shares during the period. Earnest Partners LLC owned approximately 2.03% of EverQuote worth $12,912,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its holdings in shares of EverQuote by 446.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock valued at $63,000 after buying an additional 4,215 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in shares of EverQuote in the fourth quarter valued at $66,000. New York State Common Retirement Fund increased its holdings in shares of EverQuote by 25.6% in the fourth quarter. New York State Common Retirement Fund now owns 53,026 shares of the company’s stock valued at $649,000 after buying an additional 10,813 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in EverQuote during the 1st quarter valued at $211,000. Finally, First Eagle Investment Management LLC raised its stake in EverQuote by 3.6% during the 1st quarter. First Eagle Investment Management LLC now owns 532,138 shares of the company’s stock valued at $9,876,000 after purchasing an additional 18,523 shares during the period. Institutional investors own 91.54% of the company’s stock.

EverQuote Stock Performance

Shares of NASDAQ EVER traded down $0.72 during mid-day trading on Monday, reaching $25.76. The company had a trading volume of 391,239 shares, compared to its average volume of 426,614. EverQuote, Inc. has a twelve month low of $5.36 and a twelve month high of $26.90. The stock has a market capitalization of $894.39 million, a PE ratio of -18.27 and a beta of 0.96. The stock’s 50 day moving average is $22.36 and its 200-day moving average is $19.01.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. EverQuote had a negative net margin of 17.37% and a negative return on equity of 31.65%. The business had revenue of $91.07 million for the quarter, compared to the consensus estimate of $80.36 million. During the same period in the prior year, the business posted ($0.08) earnings per share. EverQuote’s revenue for the quarter was down 16.6% compared to the same quarter last year. On average, sell-side analysts anticipate that EverQuote, Inc. will post 0.05 EPS for the current year.

Insider Buying and Selling

In related news, Director John L. Shields sold 2,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $21.84, for a total value of $43,680.00. Following the completion of the sale, the director now directly owns 34,515 shares in the company, valued at $753,807.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director John L. Shields sold 2,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $21.84, for a total value of $43,680.00. Following the completion of the sale, the director now directly owns 34,515 shares in the company, valued at $753,807.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jayme Mendal sold 9,100 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $25.80, for a total transaction of $234,780.00. Following the sale, the chief executive officer now owns 414,305 shares of the company’s stock, valued at $10,689,069. The disclosure for this sale can be found here. Over the last three months, insiders sold 162,498 shares of company stock worth $3,500,257. Corporate insiders own 29.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on EVER shares. Needham & Company LLC boosted their target price on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Craig Hallum boosted their target price on shares of EverQuote from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. B. Riley boosted their target price on shares of EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Finally, Canaccord Genuity Group boosted their target price on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $26.25.

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.