Emerald Advisers LLC Has $13.50 Million Stake in EverQuote, Inc. (NASDAQ:EVER)

Emerald Advisers LLC raised its holdings in EverQuote, Inc. (NASDAQ:EVER) by 165.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 640,032 shares of the company’s stock after acquiring an additional 399,257 shares during the period. Emerald Advisers LLC owned about 1.82% of EverQuote worth $13,498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Emerald Mutual Fund Advisers Trust boosted its position in shares of EverQuote by 572.1% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock worth $10,631,000 after buying an additional 429,084 shares during the period. nVerses Capital LLC boosted its position in shares of EverQuote by 41.2% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $51,000 after buying an additional 700 shares during the period. Essex Investment Management Co. LLC boosted its position in shares of EverQuote by 16.5% during the third quarter. Essex Investment Management Co. LLC now owns 216,694 shares of the company’s stock worth $4,570,000 after buying an additional 30,619 shares during the period. CWM LLC boosted its position in shares of EverQuote by 143.0% during the third quarter. CWM LLC now owns 4,522 shares of the company’s stock worth $95,000 after buying an additional 2,661 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in shares of EverQuote by 389.4% during the second quarter. Point72 Asset Management L.P. now owns 13,703 shares of the company’s stock worth $286,000 after buying an additional 10,903 shares during the period. 91.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EVER has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price objective on EverQuote from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Craig Hallum upped their price objective on EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Finally, Needham & Company LLC increased their price target on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $29.58.

EverQuote Stock Performance

NASDAQ EVER traded down $0.76 during trading hours on Friday, hitting $17.22. 792,135 shares of the company traded hands, compared to its average volume of 481,360. The business’s 50-day moving average is $20.78 and its 200-day moving average is $21.78. EverQuote, Inc. has a twelve month low of $7.11 and a twelve month high of $28.09. The stock has a market capitalization of $604.08 million, a price-to-earnings ratio of -20.50 and a beta of 1.06.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.03 by $0.14. The firm had revenue of $117.14 million during the quarter, compared to analysts’ expectations of $102.81 million. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. The business’s quarterly revenue was up 72.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.31) earnings per share. Analysts predict that EverQuote, Inc. will post 0.57 EPS for the current year.

Insider Buying and Selling at EverQuote

In other EverQuote news, Director David B. Blundin sold 65,718 shares of the company’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 $1,779,643.44. Following the sale, the director now owns 192,305 shares in the company, valued at $5,207,619.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other EverQuote news, Director David B. Blundin sold 65,718 shares of the company’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 $1,779,643.44. Following the sale, the director now owns 192,305 shares in the company, valued at $5,207,619.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Ventures Lllp Link sold 7,680 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were 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 owns 3,510,721 shares in the company, valued at $95,070,324.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,668 shares of company stock worth $2,418,629 over the last 90 days. Company insiders own 29.79% of the company’s stock.

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.