Emerald Mutual Fund Advisers Trust Invests $1.56 Million in EverQuote, Inc. (NASDAQ:EVER)

Emerald Mutual Fund Advisers Trust bought a new stake in EverQuote, Inc. (NASDAQ:EVER) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 74,997 shares of the company’s stock, valued at approximately $1,564,000. Emerald Mutual Fund Advisers Trust owned about 0.22% of EverQuote at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in EVER. Acadian Asset Management LLC increased its stake in EverQuote by 62.6% in the 2nd quarter. Acadian Asset Management LLC now owns 517,331 shares of the company’s stock valued at $10,786,000 after buying an additional 199,187 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of EverQuote in the second quarter valued at approximately $307,000. Rhumbline Advisers increased its position in shares of EverQuote by 18.3% during the second quarter. Rhumbline Advisers now owns 35,793 shares of the company’s stock valued at $747,000 after acquiring an additional 5,534 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of EverQuote during the second quarter valued at approximately $35,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in EverQuote during the second quarter worth $147,000. 91.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Needham & Company LLC upped their price objective on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. increased their price target on shares of EverQuote from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Finally, Craig Hallum raised their price objective on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, EverQuote has an average rating of “Buy” and an average price target of $29.58.

EverQuote Stock Performance

Shares of EverQuote stock 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 52-week low of $5.77 and a 52-week high of $28.09. The stock’s 50-day simple moving average is $23.24 and its 200 day simple moving average is $21.10.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.14. The company had revenue of $117.14 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted ($0.31) earnings per share. Equities research analysts forecast that EverQuote, Inc. will post 0.57 EPS for the current fiscal year.

Insider Buying and Selling at EverQuote

In other news, CAO Jon Ayotte sold 5,688 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $21.16, for a total value of $120,358.08. Following the completion of the transaction, the chief accounting officer now directly owns 52,066 shares of the company’s stock, valued at $1,101,716.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CTO David Brainard sold 3,164 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $22.02, for a total transaction of $69,671.28. Following the sale, the chief technology officer now owns 160,986 shares of the company’s stock, valued at approximately $3,544,911.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jon Ayotte sold 5,688 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $1,101,716.56. The disclosure for this sale can be found here. Insiders have sold 144,308 shares of company stock valued at $3,576,228 in the last 90 days. 29.79% of the stock is currently owned by company insiders.

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.