Teacher Retirement System of Texas Purchases 82,498 Shares of EverQuote, Inc. (NASDAQ:EVER)

Teacher Retirement System of Texas raised its position in shares of EverQuote, Inc. (NASDAQ:EVER) by 161.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,583 shares of the company’s stock after purchasing an additional 82,498 shares during the period. Teacher Retirement System of Texas owned about 0.38% of EverQuote worth $2,670,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in EVER. JPMorgan Chase & Co. raised its holdings in shares of EverQuote by 3,022.8% in the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock valued at $8,133,000 after acquiring an additional 373,280 shares in the last quarter. Boston Partners purchased a new position in EverQuote during the 4th quarter valued at about $3,668,000. Charles Schwab Investment Management Inc. raised its holdings in shares of EverQuote by 255.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock valued at $5,072,000 after purchasing an additional 172,785 shares in the last quarter. Monimus Capital Management LP bought a new position in shares of EverQuote during the fourth quarter valued at approximately $2,140,000. Finally, Los Angeles Capital Management LLC increased its holdings in EverQuote by 183.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 164,466 shares of the company’s stock valued at $3,288,000 after buying an additional 106,492 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research report on Thursday, December 26th. Canaccord Genuity Group reduced their target price on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a report on Monday, February 24th. Finally, Needham & Company LLC raised their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $32.33.

Insider Buying and Selling

In other news, CTO David Brainard sold 3,675 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $19.52, for a total value of $71,736.00. Following the completion of the transaction, the chief technology officer now directly owns 108,244 shares in the company, valued at $2,112,922.88. This trade represents a 3.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David B. Blundin sold 77,600 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $28.67, for a total value of $2,224,792.00. Following the completion of the sale, the director now owns 97,920 shares in the company, valued at approximately $2,807,366.40. This represents a 44.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 200,028 shares of company stock worth $5,269,954 in the last 90 days. Insiders own 29.79% of the company’s stock.

EverQuote Stock Performance

Shares of EVER stock opened at $29.71 on Wednesday. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 87.38 and a beta of 1.01. The stock’s 50-day simple moving average is $23.06 and its 200-day simple moving average is $20.68.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.18. The company had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. As a group, equities analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current year.

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.