Baillie Gifford & Co. Trims Stock Position in EverQuote, Inc. (NASDAQ:EVER)

Baillie Gifford & Co. lowered its stake in shares of EverQuote, Inc. (NASDAQ:EVER) by 45.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 424,183 shares of the company’s stock after selling 352,068 shares during the quarter. Baillie Gifford & Co. owned about 1.22% of EverQuote worth $8,848,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. SG Americas Securities LLC acquired a new position in EverQuote during the second quarter worth approximately $808,000. CWM LLC raised its position in shares of EverQuote by 133.2% in the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after buying an additional 1,063 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in EverQuote in the first quarter valued at $2,167,000. Acadian Asset Management LLC grew its position in EverQuote by 206.9% during the first quarter. Acadian Asset Management LLC now owns 318,144 shares of the company’s stock valued at $5,903,000 after acquiring an additional 214,486 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of EverQuote by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock worth $21,487,000 after purchasing an additional 30,577 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

EverQuote Trading Up 7.8 %

NASDAQ:EVER traded up $1.61 on Friday, reaching $22.17. The stock had a trading volume of 501,047 shares, compared to its average volume of 466,762. The company has a 50-day moving average of $22.52 and a 200 day moving average of $20.54. The stock has a market cap of $769.85 million, a P/E ratio of -15.72 and a beta of 0.96. EverQuote, Inc. has a 12-month low of $5.52 and a 12-month high of $28.09.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.14. EverQuote had a negative return on equity of 31.65% and a negative net margin of 17.37%. The firm had revenue of $117.14 million during the quarter, compared to the consensus estimate of $102.81 million. During the same quarter in the prior year, the business posted ($0.31) earnings per share. EverQuote’s revenue for the quarter was up 72.3% on a year-over-year basis. On average, equities analysts predict that EverQuote, Inc. will post 0.05 EPS for the current year.

Insider Buying and Selling

In other EverQuote news, Director David B. Blundin sold 5,384 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $23.16, for a total transaction of $124,693.44. Following the transaction, the director now directly owns 1,519,511 shares in the company, valued at approximately $35,191,874.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Ventures Lllp Link sold 7,680 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $27.08, for a total value of $207,974.40. Following the completion of the sale, the insider now directly owns 3,510,721 shares in the company, valued at approximately $95,070,324.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David B. Blundin sold 5,384 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $23.16, for a total value of $124,693.44. Following the transaction, the director now owns 1,519,511 shares in the company, valued at $35,191,874.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 155,442 shares of company stock worth $3,842,371. Insiders own 29.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EVER shares. Needham & Company LLC boosted their target price on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Canaccord Genuity Group increased their price objective on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. B. Riley lifted their target price on shares of EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a report on Tuesday, May 7th. Craig Hallum increased their price target on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. upped their target price on EverQuote from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, EverQuote presently has a consensus rating of “Buy” and an average price target of $29.58.

EverQuote Company 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.