Alpha DNA Investment Management LLC Has $487,000 Stake in EverQuote, Inc. (NASDAQ:EVER)

Alpha DNA Investment Management LLC grew its holdings in shares of EverQuote, Inc. (NASDAQ:EVER) by 15.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,373 shares of the company’s stock after purchasing an additional 3,265 shares during the period. Alpha DNA Investment Management LLC owned about 0.07% of EverQuote worth $487,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in EverQuote during the fourth quarter worth approximately $34,000. Asset Management One Co. Ltd. raised its stake in EverQuote by 80.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock valued at $90,000 after purchasing an additional 2,042 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in EverQuote during the fourth quarter worth about $90,000. AlphaQuest LLC grew its stake in EverQuote by 53.9% during the fourth quarter. AlphaQuest LLC now owns 7,704 shares of the company’s stock worth $154,000 after buying an additional 2,698 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of EverQuote in the 4th quarter valued at approximately $205,000. 91.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

EverQuote Price Performance

EverQuote stock opened at $22.81 on Friday. The business has a 50 day moving average of $24.35 and a 200-day moving average of $20.92. The company has a market capitalization of $814.86 million, a P/E ratio of 67.09 and a beta of 0.77. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $30.03.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.18. The firm had revenue of $147.46 million during the quarter, compared to analysts’ expectations of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. Equities analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current year.

Insiders Place Their Bets

In related news, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $20.00, for a total value of $40,000.00. Following the transaction, the director now directly owns 28,515 shares of the company’s stock, valued at $570,300. The trade was a 6.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO David Brainard sold 6,609 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $21.49, for a total value of $142,027.41. Following the completion of the sale, the chief technology officer now owns 156,783 shares in the company, valued at $3,369,266.67. The trade was a 4.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 181,607 shares of company stock valued at $5,011,502. 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.