Alpha DNA Investment Management LLC Sells 1,875 Shares of EverQuote, Inc. (NASDAQ:EVER)

Alpha DNA Investment Management LLC cut its stake in EverQuote, Inc. (NASDAQ:EVER) by 8.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,108 shares of the company’s stock after selling 1,875 shares during the period. Alpha DNA Investment Management LLC owned about 0.06% of EverQuote worth $445,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in EVER. Gladius Capital Management LP bought a new position in EverQuote in the 3rd quarter worth about $26,000. Quarry LP raised its stake in shares of EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after acquiring an additional 985 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of EverQuote during the second quarter valued at approximately $35,000. CWM LLC raised its stake in shares of EverQuote by 133.2% during the second quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after acquiring an additional 1,063 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of EverQuote during the second quarter valued at approximately $76,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

EVER has been the subject of several research analyst reports. B. Riley decreased their price target 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. JPMorgan Chase & Co. decreased their price target on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Craig Hallum lifted their price target on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Finally, Needham & Company LLC lifted their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, EverQuote currently has an average rating of “Buy” and a consensus price target of $28.50.

EverQuote Stock Down 1.1 %

Shares of NASDAQ:EVER opened at $19.15 on Monday. The company has a market capitalization of $676.97 million, a price-to-earnings ratio of 56.32 and a beta of 1.06. EverQuote, Inc. has a 52 week low of $8.44 and a 52 week high of $28.09. The firm has a 50 day moving average of $19.64 and a 200 day moving average of $21.65.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The business had revenue of $144.53 million for the quarter, compared to the consensus estimate of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The business’s quarterly revenue was up 162.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.40) earnings per share. On average, sell-side analysts expect that EverQuote, Inc. will post 0.72 EPS for the current year.

Insider Transactions at EverQuote

In other news, CTO David Brainard sold 1,641 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02. Following the transaction, the chief technology officer now directly owns 155,491 shares of the company’s stock, valued at approximately $3,144,028.02. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the sale, the director now directly owns 54,970 shares in the company, valued at $1,067,517.40. This trade represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,716 shares of company stock valued at $188,810. Corporate insiders own 29.79% of the company’s stock.

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.