Dynamic Technology Lab Private Ltd Invests $205,000 in EverQuote, Inc. (NASDAQ:EVER)

Dynamic Technology Lab Private Ltd purchased a new position in shares of EverQuote, Inc. (NASDAQ:EVER) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,221 shares of the company’s stock, valued at approximately $205,000.

A number of other large investors also recently modified their holdings of EVER. R Squared Ltd acquired a new stake in EverQuote in the fourth quarter valued at $34,000. Asset Management One Co. Ltd. grew its position in EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock worth $90,000 after purchasing an additional 2,042 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in EverQuote in the 4th quarter valued at about $90,000. AlphaQuest LLC lifted its holdings in shares of EverQuote by 53.9% during the fourth quarter. AlphaQuest LLC now owns 7,704 shares of the company’s stock worth $154,000 after purchasing an additional 2,698 shares during the period. Finally, Verition Fund Management LLC acquired a new position in shares of EverQuote during the third quarter worth about $219,000. 91.54% of the stock is 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 the stock in a transaction 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO David Brainard sold 4,113 shares of the company’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $22.41, for a total value of $92,172.33. Following the completion of the sale, the chief technology officer now directly owns 143,874 shares of the company’s stock, valued at $3,224,216.34. The trade was a 2.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 179,607 shares of company stock worth $4,969,642 in the last three months. 29.79% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EVER has been the topic of a number of recent analyst reports. 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 research note on Thursday, December 26th. Needham & Company LLC raised their price target on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Canaccord Genuity Group lowered their price objective 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, JPMorgan Chase & Co. increased their price target on shares of EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, EverQuote currently has a consensus rating of “Buy” and a consensus price target of $32.33.

EverQuote Trading Down 4.4 %

Shares of NASDAQ:EVER opened at $20.21 on Friday. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03. The stock’s 50-day moving average price is $24.34 and its two-hundred day moving average price is $20.89. 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 posted its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates 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. As a group, research analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

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.