Jacobs Levy Equity Management Inc. Makes New $2.17 Million Investment in EverQuote, Inc. (NASDAQ:EVER)

Jacobs Levy Equity Management Inc. bought a new position in shares of EverQuote, Inc. (NASDAQ:EVER) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 116,766 shares of the company’s stock, valued at approximately $2,167,000.

Several other large investors have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its position in shares of EverQuote by 446.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock worth $63,000 after purchasing an additional 4,215 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in EverQuote in the fourth quarter valued at $66,000. State Board of Administration of Florida Retirement System acquired a new position in shares of EverQuote during the 1st quarter worth about $211,000. NewEdge Wealth LLC bought a new stake in shares of EverQuote in the 4th quarter valued at about $264,000. Finally, New York State Common Retirement Fund increased its position in EverQuote by 25.6% during the fourth quarter. New York State Common Retirement Fund now owns 53,026 shares of the company’s stock worth $649,000 after buying an additional 10,813 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EVER. Craig Hallum increased their target price on EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Needham & Company LLC lifted their target price on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Canaccord Genuity Group upped their price target 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. Finally, B. Riley raised their target price on EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a report on Tuesday, May 7th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $26.25.

Insiders Place Their Bets

In other EverQuote news, Director David B. Blundin sold 3,255 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $26.81, for a total transaction of $87,266.55. Following the sale, the director now owns 264,273 shares of the company’s stock, valued at $7,085,159.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CTO David Brainard sold 4,327 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $24.95, for a total transaction of $107,958.65. Following the transaction, the chief technology officer now directly owns 175,142 shares of the company’s stock, valued at approximately $4,369,792.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David B. Blundin sold 3,255 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $26.81, for a total value of $87,266.55. Following the completion of the sale, the director now directly owns 264,273 shares of the company’s stock, valued at approximately $7,085,159.13. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,777 shares of company stock worth $1,712,401. 29.79% of the stock is currently owned by insiders.

EverQuote Stock Up 0.8 %

Shares of EVER opened at $26.09 on Thursday. The business has a 50-day simple moving average of $22.43 and a two-hundred day simple moving average of $19.28. EverQuote, Inc. has a 12-month low of $5.36 and a 12-month high of $26.90.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $80.36 million. During the same quarter last year, the business earned ($0.08) EPS. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. As a group, analysts expect that EverQuote, Inc. will post 0.05 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.