EverQuote, Inc. (NASDAQ:EVER) Shares Acquired by Toronado Partners LLC

Toronado Partners LLC increased its stake in shares of EverQuote, Inc. (NASDAQ:EVER) by 59.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 718,774 shares of the company’s stock after purchasing an additional 268,670 shares during the period. EverQuote makes up approximately 9.1% of Toronado Partners LLC’s holdings, making the stock its 6th biggest holding. Toronado Partners LLC’s holdings in EverQuote were worth $14,368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EVER. Vanguard Group Inc. raised its stake in shares of EverQuote by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company’s stock valued at $40,314,000 after purchasing an additional 24,347 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of EverQuote by 32.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company’s stock valued at $13,076,000 after purchasing an additional 161,426 shares during the period. Geode Capital Management LLC grew its holdings in EverQuote by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 600,365 shares of the company’s stock valued at $12,004,000 after purchasing an additional 5,210 shares in the last quarter. Renaissance Technologies LLC grew its holdings in EverQuote by 32.9% during the 4th quarter. Renaissance Technologies LLC now owns 469,087 shares of the company’s stock valued at $9,377,000 after purchasing an additional 116,100 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in EverQuote by 3,022.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock worth $8,133,000 after buying an additional 373,280 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Wall Street Analyst Weigh In

EVER has been the subject of several recent analyst reports. Needham & Company LLC raised their target price on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research note on Thursday, December 26th. Canaccord Genuity Group cut their target price on EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a research 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $32.33.

EverQuote Price Performance

EVER stock opened at $20.21 on Friday. The firm has a fifty day moving average price of $24.34 and a two-hundred day moving average price of $20.89. EverQuote, Inc. has a 1-year low of $16.63 and a 1-year high of $30.03. The firm has a market cap of $721.98 million, a price-to-earnings ratio of 59.44 and a beta of 0.77.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data 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 firm had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. As a group, analysts expect that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Insider Activity at EverQuote

In other news, CTO David Brainard sold 4,113 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $22.41, for a total transaction of $92,172.33. Following the completion of the transaction, the chief technology officer now directly owns 143,874 shares in the company, valued at approximately $3,224,216.34. The trade was a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 179,607 shares of company stock worth $4,969,642 in the last 90 days. 29.79% of the stock is currently owned by company insiders.

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.