Emerald Mutual Fund Advisers Trust Buys New Shares in EverQuote, Inc. (NASDAQ:EVER)

Emerald Mutual Fund Advisers Trust purchased a new stake in shares of EverQuote, Inc. (NASDAQ:EVER) during the second quarter, Holdings Channel reports. The firm purchased 74,997 shares of the company’s stock, valued at approximately $1,564,000.

Several other hedge funds have also recently added to or reduced their stakes in EVER. nVerses Capital LLC purchased a new position in shares of EverQuote during the 2nd quarter valued at about $35,000. CWM LLC grew its position in EverQuote by 133.2% during the second quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after acquiring an additional 1,063 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of EverQuote during the second quarter worth approximately $147,000. State Board of Administration of Florida Retirement System bought a new stake in shares of EverQuote in the 1st quarter worth approximately $211,000. Finally, Victory Capital Management Inc. bought a new stake in shares of EverQuote in the 2nd quarter worth approximately $307,000. Institutional investors own 91.54% of the company’s stock.

Insiders Place Their Bets

In other news, Director David B. Blundin sold 65,718 shares of EverQuote stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $27.08, for a total value of $1,779,643.44. Following the sale, the director now directly owns 192,305 shares in the company, valued at approximately $5,207,619.40. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CAO Jon Ayotte sold 5,688 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $21.16, for a total transaction of $120,358.08. Following the transaction, the chief accounting officer now owns 52,066 shares in the company, valued at $1,101,716.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David B. Blundin sold 65,718 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $27.08, for a total transaction of $1,779,643.44. Following the completion of the sale, the director now owns 192,305 shares of the company’s stock, valued at $5,207,619.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 144,308 shares of company stock worth $3,576,228. 29.79% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Needham & Company LLC increased their target price on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised their price objective on EverQuote from $29.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Finally, Craig Hallum boosted their target price on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $29.58.

EverQuote Stock Down 4.0 %

Shares of EVER opened at $21.43 on Friday. The stock has a market capitalization of $744.16 million, a P/E ratio of -15.20 and a beta of 1.04. EverQuote, Inc. has a twelve month low of $5.77 and a twelve month high of $28.09. The firm has a fifty day simple moving average of $23.24 and a two-hundred day simple moving average of $21.10.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.03 by $0.14. The firm had revenue of $117.14 million during the quarter, compared to the consensus estimate of $102.81 million. EverQuote had a negative net margin of 8.55% and a negative return on equity of 13.24%. The company’s quarterly revenue was up 72.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.31) earnings per share. Sell-side analysts expect that EverQuote, Inc. will post 0.57 EPS for the current fiscal year.

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.