Baillie Gifford & Co. Reduces Holdings in EverQuote, Inc. (NASDAQ:EVER)

Baillie Gifford & Co. trimmed its holdings in shares of EverQuote, Inc. (NASDAQ:EVER) by 9.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,192 shares of the company’s stock after selling 25,739 shares during the period. Baillie Gifford & Co.’s holdings in EverQuote were worth $4,761,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Rhumbline Advisers increased its stake in shares of EverQuote by 4.0% during the 4th quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock worth $698,000 after purchasing an additional 1,332 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock worth $90,000 after purchasing an additional 2,042 shares in the last quarter. R Squared Ltd purchased a new position in shares of EverQuote during the 4th quarter worth approximately $34,000. Inspire Investing LLC increased its stake in shares of EverQuote by 25.8% during the 4th quarter. Inspire Investing LLC now owns 48,148 shares of the company’s stock worth $962,000 after purchasing an additional 9,868 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of EverQuote by 105.1% during the 4th quarter. SG Americas Securities LLC now owns 27,281 shares of the company’s stock worth $545,000 after purchasing an additional 13,978 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

EverQuote Stock Up 0.6 %

Shares of NASDAQ EVER opened at $21.82 on Wednesday. EverQuote, Inc. has a 52-week low of $14.28 and a 52-week high of $28.09. The firm has a fifty day moving average of $19.47 and a 200-day moving average of $20.16. The stock has a market capitalization of $771.34 million, a PE ratio of 64.18 and a beta of 0.96.

Analyst Ratings Changes

Several analysts have commented on EVER shares. B. Riley lowered their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research note on Thursday, December 26th. Finally, JPMorgan Chase & Co. lowered their target price on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $31.67.

Insider Activity

In other news, CTO David Brainard sold 29,248 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $19.93, for a total transaction of $582,912.64. Following the completion of the sale, the chief technology officer now directly owns 116,212 shares of the company’s stock, valued at $2,316,105.16. The trade was a 20.11 % decrease in their position. The sale was disclosed in a filing 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 transaction of $40,000.00. Following the transaction, the director now owns 28,515 shares in the company, valued at $570,300. The trade was a 6.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,955 shares of company stock valued at $995,711 in the last ninety days. Company insiders own 29.79% of the company’s stock.

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.