Wellington Management Group LLP Makes New $1.64 Million Investment in EverQuote, Inc. (NASDAQ:EVER)

Wellington Management Group LLP purchased a new stake in shares of EverQuote, Inc. (NASDAQ:EVER) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 77,808 shares of the company’s stock, valued at approximately $1,641,000. Wellington Management Group LLP owned about 0.22% of EverQuote at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust boosted its holdings in EverQuote by 572.1% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock valued at $10,631,000 after purchasing an additional 429,084 shares during the last quarter. Emerald Advisers LLC raised its position in shares of EverQuote by 165.8% during the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after buying an additional 399,257 shares during the period. Renaissance Technologies LLC lifted its holdings in EverQuote by 331.9% in the second quarter. Renaissance Technologies LLC now owns 293,708 shares of the company’s stock valued at $6,127,000 after acquiring an additional 225,700 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in EverQuote by 335.2% in the second quarter. Cubist Systematic Strategies LLC now owns 265,944 shares of the company’s stock worth $5,548,000 after acquiring an additional 204,835 shares during the period. Finally, Acadian Asset Management LLC increased its stake in EverQuote by 62.6% during the second quarter. Acadian Asset Management LLC now owns 517,331 shares of the company’s stock worth $10,786,000 after acquiring an additional 199,187 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. B. Riley lowered their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price target on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $31.60.

EverQuote Price Performance

Shares of EverQuote stock opened at $16.80 on Thursday. The stock has a market capitalization of $593.90 million, a price-to-earnings ratio of 49.41 and a beta of 0.96. The business has a 50-day moving average of $18.71 and a 200 day moving average of $20.97. EverQuote, Inc. has a 12 month low of $10.21 and a 12 month high of $28.09.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business had revenue of $144.53 million during the quarter, compared to analyst estimates of $140.30 million. During the same quarter last year, the firm posted ($0.40) earnings per share. The business’s revenue for the quarter was up 162.7% compared to the same quarter last year. Equities research analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director George R. Neble sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the sale, the director now owns 54,970 shares of the company’s stock, valued at $1,067,517.40. This trade represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO David Brainard sold 1,641 shares of the business’s stock in a transaction that occurred 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 owns 155,491 shares of the company’s stock, valued at $3,144,028.02. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,716 shares of company stock worth $188,810 over the last 90 days. Corporate insiders own 29.79% of the company’s stock.

EverQuote Company 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.