13,730 Shares in EverQuote, Inc. (NASDAQ:EVER) Purchased by MML Investors Services LLC

MML Investors Services LLC purchased a new stake in shares of EverQuote, Inc. (NASDAQ:EVER) in the third quarter, Holdings Channel.com reports. The firm purchased 13,730 shares of the company’s stock, valued at approximately $290,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust boosted its position in shares of EverQuote by 572.1% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock valued at $10,631,000 after buying an additional 429,084 shares during the last quarter. Emerald Advisers LLC lifted its stake in 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 acquiring an additional 399,257 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in EverQuote by 331.9% during the 2nd quarter. Renaissance Technologies LLC now owns 293,708 shares of the company’s stock worth $6,127,000 after acquiring an additional 225,700 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of EverQuote by 335.2% in the 2nd 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 in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of EverQuote by 62.6% in the second quarter. Acadian Asset Management LLC now owns 517,331 shares of the company’s stock valued at $10,786,000 after purchasing an additional 199,187 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

Insider Activity

In related news, CTO David Brainard sold 1,641 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total transaction of $33,181.02. Following the sale, the chief technology officer now directly owns 155,491 shares in the company, valued at approximately $3,144,028.02. This represents a 1.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director George R. Neble sold 2,500 shares of EverQuote stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the completion of the transaction, the director now owns 54,970 shares of the company’s stock, valued at $1,067,517.40. This represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,306 shares of company stock valued at $443,260 in the last 90 days. Insiders own 29.79% of the company’s stock.

EverQuote Stock Performance

Shares of EVER stock opened at $18.32 on Thursday. The firm has a market cap of $647.63 million, a price-to-earnings ratio of 53.88 and a beta of 0.96. EverQuote, Inc. has a 52 week low of $10.21 and a 52 week high of $28.09. The firm’s 50-day simple moving average is $18.50 and its two-hundred day simple moving average is $20.80.

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 return on equity of 13.94% and a net margin of 3.31%. The business had revenue of $144.53 million for the quarter, compared to the consensus estimate of $140.30 million. During the same quarter in the prior year, the business earned ($0.40) earnings per share. EverQuote’s revenue for the quarter was up 162.7% on a year-over-year basis. Analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Analysts Set New Price Targets

EVER has been the topic of several analyst reports. B. Riley cut their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. reduced their target price on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, EverQuote currently has a consensus rating of “Buy” and a consensus price target of $31.60.

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.