First Eagle Investment Management LLC Trims Stock Holdings in EverQuote, Inc. (NASDAQ:EVER)

First Eagle Investment Management LLC trimmed its holdings in EverQuote, Inc. (NASDAQ:EVER) by 6.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 292,357 shares of the company’s stock after selling 21,665 shares during the quarter. First Eagle Investment Management LLC’s holdings in EverQuote were worth $5,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Versor Investments LP purchased a new position in shares of EverQuote during the 3rd quarter valued at $327,000. Victory Capital Management Inc. grew its position in shares of EverQuote by 97.3% during the 3rd quarter. Victory Capital Management Inc. now owns 29,019 shares of the company’s stock valued at $612,000 after purchasing an additional 14,311 shares in the last quarter. Empower Advisory Group LLC purchased a new position in shares of EverQuote during the 3rd quarter valued at $262,000. Gladius Capital Management LP purchased a new position in shares of EverQuote during the 3rd quarter valued at $26,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of EverQuote by 636.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock valued at $2,209,000 after purchasing an additional 90,500 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on EVER. Needham & Company LLC boosted their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a research report on Thursday, December 26th. JPMorgan Chase & Co. upped their target price on shares of EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Finally, Canaccord Genuity Group cut their target price on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EverQuote has a consensus rating of “Buy” and an average price target of $32.33.

EverQuote Stock Performance

Shares of NASDAQ:EVER opened at $26.61 on Friday. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $28.09. The firm has a fifty day moving average of $21.71 and a 200 day moving average of $20.44. The firm has a market capitalization of $950.62 million, a PE ratio of 78.26 and a beta of 1.01.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.18. The business had revenue of $147.46 million during the quarter, compared to the consensus estimate of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. On average, sell-side analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO David Brainard sold 29,248 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $19.93, for a total transaction of $582,912.64. Following the completion of the transaction, the chief technology officer now directly owns 116,212 shares of the company’s stock, valued at approximately $2,316,105.16. This represents a 20.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Jon Ayotte sold 7,647 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $25.72, for a total transaction of $196,680.84. Following the transaction, the chief accounting officer now directly owns 58,045 shares of the company’s stock, valued at approximately $1,492,917.40. This trade represents a 11.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,453 shares of company stock valued at $1,459,054 over the last three months. Insiders own 29.79% of the company’s stock.

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.