Healthcare of Ontario Pension Plan Trust Fund Makes New $158,000 Investment in EverQuote, Inc. (NASDAQ:EVER)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in EverQuote, Inc. (NASDAQ:EVER) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,500 shares of the company’s stock, valued at approximately $158,000.

Several other institutional investors and hedge funds have also modified their holdings of EVER. Emerald Mutual Fund Advisers Trust boosted its stake in EverQuote by 572.1% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock worth $10,631,000 after purchasing an additional 429,084 shares in the last quarter. Emerald Advisers LLC grew its holdings in EverQuote by 165.8% during the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after acquiring an additional 399,257 shares during the last quarter. Renaissance Technologies LLC increased its position in EverQuote by 331.9% in the 2nd 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 in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of 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 last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of 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 purchasing an additional 199,187 shares in the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

EverQuote Trading Up 1.4 %

NASDAQ:EVER opened at $19.46 on Tuesday. EverQuote, Inc. has a 1-year low of $9.86 and a 1-year high of $28.09. The firm has a market capitalization of $687.93 million, a price-to-earnings ratio of 57.74 and a beta of 1.06. The business’s 50-day moving average price is $19.35 and its two-hundred day moving average price is $21.50.

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

Insider Activity

In other EverQuote news, CTO David Brainard sold 1,641 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total value of $33,181.02. Following the completion of the transaction, the chief technology officer now directly owns 155,491 shares of the company’s stock, valued at approximately $3,144,028.02. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George R. Neble sold 2,500 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $19.42, for a total value of $48,550.00. Following the sale, the director now directly owns 54,970 shares in the company, valued at approximately $1,067,517.40. This represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,716 shares of company stock valued at $188,810 in the last quarter. Company insiders own 29.79% of the company’s stock.

Analysts Set New Price Targets

EVER has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price target on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. B. Riley cut their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Craig Hallum boosted their price objective on EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, Needham & Company LLC raised their target price on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, EverQuote currently has a consensus rating of “Buy” and a consensus target price of $28.50.

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.