Jump Financial LLC Grows Holdings in EverQuote, Inc. (NASDAQ:EVER)

Jump Financial LLC grew its stake in shares of EverQuote, Inc. (NASDAQ:EVER) by 18.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 72,000 shares of the company’s stock after acquiring an additional 11,072 shares during the period. Jump Financial LLC’s holdings in EverQuote were worth $1,439,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. XTX Topco Ltd boosted its position in EverQuote by 25.6% during the 4th quarter. XTX Topco Ltd now owns 30,847 shares of the company’s stock valued at $617,000 after acquiring an additional 6,292 shares in the last quarter. Barclays PLC increased its position in shares of EverQuote by 32.0% in the 4th quarter. Barclays PLC now owns 67,305 shares of the company’s stock valued at $1,346,000 after acquiring an additional 16,322 shares during the period. Toronado Partners LLC raised its stake in shares of EverQuote by 59.7% in the fourth quarter. Toronado Partners LLC now owns 718,774 shares of the company’s stock worth $14,368,000 after purchasing an additional 268,670 shares during the last quarter. Renaissance Technologies LLC raised its position in EverQuote by 32.9% during the 4th quarter. Renaissance Technologies LLC now owns 469,087 shares of the company’s stock worth $9,377,000 after buying an additional 116,100 shares during the last quarter. Finally, Legal & General Group Plc raised its position in EverQuote by 4.8% during the 4th quarter. Legal & General Group Plc now owns 21,985 shares of the company’s stock worth $439,000 after buying an additional 1,012 shares during the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at EverQuote

In related news, major shareholder Ventures Lllp Link sold 1,022 shares of EverQuote 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 trade represents a 0.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David B. Blundin sold 77,600 shares of the business’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 directly owns 97,920 shares in the company, valued at approximately $2,807,366.40. The trade was a 44.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 181,607 shares of company stock worth $5,011,502 in the last 90 days. Insiders own 29.79% of the company’s stock.

EverQuote Stock Performance

Shares of EVER opened at $22.81 on Friday. The stock has a 50 day moving average price of $24.35 and a 200 day moving average price of $20.92. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03. The stock has a market capitalization of $814.86 million, a price-to-earnings ratio of 67.09 and a beta of 0.77.

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

Analyst Ratings Changes

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