Trexquant Investment LP Acquires 115,777 Shares of EverQuote, Inc. (NASDAQ:EVER)

Trexquant Investment LP boosted its holdings in shares of EverQuote, Inc. (NASDAQ:EVER) by 77.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 265,671 shares of the company’s stock after buying an additional 115,777 shares during the quarter. Trexquant Investment LP owned approximately 0.75% of EverQuote worth $5,311,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in shares of EverQuote by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 600,365 shares of the company’s stock valued at $12,004,000 after acquiring an additional 5,210 shares during the period. Franklin Resources Inc. raised its holdings in EverQuote by 86.1% in the fourth quarter. Franklin Resources Inc. now owns 109,372 shares of the company’s stock worth $2,186,000 after purchasing an additional 50,591 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of EverQuote by 308.0% during the fourth quarter. Alliancebernstein L.P. now owns 108,890 shares of the company’s stock valued at $2,177,000 after buying an additional 82,200 shares during the last quarter. Schroder Investment Management Group bought a new stake in shares of EverQuote in the 4th quarter valued at about $2,657,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of EverQuote by 32.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company’s stock worth $13,076,000 after buying an additional 161,426 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

EverQuote Stock Performance

Shares of EVER stock opened at $21.66 on Friday. 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 $773.78 million, a PE ratio of 63.71 and a beta of 0.77. The stock’s 50-day simple moving average is $24.29 and its 200-day simple moving average is $20.93.

EverQuote (NASDAQ:EVER) last issued its quarterly 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. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The company had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. Sell-side analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Insider Activity at EverQuote

In related news, CFO Joseph Sanborn sold 1,063 shares of EverQuote stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $26.29, for a total transaction of $27,946.27. Following the completion of the transaction, the chief financial officer now directly owns 270,865 shares in the company, valued at approximately $7,121,040.85. This trade represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $28.75, for a total value of $29,382.50. Following the completion of the sale, the insider now owns 3,498,667 shares in the company, valued at approximately $100,586,676.25. This represents a 0.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 181,611 shares of company stock worth $4,995,818 over the last three months. Company insiders own 29.79% of the company’s stock.

Wall Street Analyst Weigh In

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

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.