Legato Capital Management LLC Has $630,000 Stock Holdings in EverQuote, Inc. (NASDAQ:EVER)

Legato Capital Management LLC trimmed its position in shares of EverQuote, Inc. (NASDAQ:EVER) by 23.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,527 shares of the company’s stock after selling 9,443 shares during the quarter. Legato Capital Management LLC owned approximately 0.09% of EverQuote worth $630,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Gladius Capital Management LP acquired a new stake in shares of EverQuote during the third quarter valued at about $26,000. R Squared Ltd acquired a new stake in shares of EverQuote during the fourth quarter valued at about $34,000. nVerses Capital LLC boosted its stake in shares of EverQuote by 41.2% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after purchasing an additional 700 shares in the last quarter. Quarry LP lifted its stake in shares of EverQuote by 100.7% in the third quarter. Quarry LP now owns 2,894 shares of the company’s stock worth $61,000 after acquiring an additional 1,452 shares during the period. Finally, Quantbot Technologies LP lifted its stake in shares of EverQuote by 115.1% in the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after acquiring an additional 1,874 shares during the period. 91.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on EVER. JPMorgan Chase & Co. cut their price objective on EverQuote from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. B. Riley cut their price objective on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research note on Thursday, December 26th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $31.67.

Insiders Place Their Bets

In other news, Director John L. Shields sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $20.00, for a total transaction of $40,000.00. Following the completion of the sale, the director now owns 28,515 shares in the company, valued at $570,300. The trade was a 6.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO David Brainard sold 14,590 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $17.44, for a total value of $254,449.60. Following the sale, the chief technology officer now owns 137,291 shares of the company’s stock, valued at approximately $2,394,355.04. This represents a 9.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,668 shares of company stock worth $1,045,134. 29.79% of the stock is owned by corporate insiders.

EverQuote Stock Performance

Shares of EVER stock opened at $21.78 on Friday. The company has a market cap of $769.92 million, a P/E ratio of 64.06 and a beta of 0.96. The stock has a 50 day simple moving average of $19.21 and a two-hundred day simple moving average of $20.31. EverQuote, Inc. has a fifty-two week low of $14.28 and a fifty-two week high of $28.09.

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.