Counterpoint Mutual Funds LLC Makes New Investment in EverQuote, Inc. (NASDAQ:EVER)

Counterpoint Mutual Funds LLC purchased a new position in EverQuote, Inc. (NASDAQ:EVER) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 36,204 shares of the company’s stock, valued at approximately $672,000. EverQuote comprises approximately 0.2% of Counterpoint Mutual Funds LLC’s holdings, making the stock its 24th largest position. Counterpoint Mutual Funds LLC owned 0.11% of EverQuote at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EVER. HST Ventures LLC lifted its stake in shares of EverQuote by 13.9% in the 4th quarter. HST Ventures LLC now owns 291,705 shares of the company’s stock valued at $3,570,000 after purchasing an additional 35,624 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of EverQuote by 446.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock valued at $63,000 after purchasing an additional 4,215 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of EverQuote by 25.6% in the 4th quarter. New York State Common Retirement Fund now owns 53,026 shares of the company’s stock valued at $649,000 after purchasing an additional 10,813 shares in the last quarter. NewEdge Wealth LLC acquired a new position in shares of EverQuote in the 4th quarter valued at about $264,000. Finally, Asset Management One Co. Ltd. acquired a new position in shares of EverQuote in the 4th quarter valued at about $66,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EVER shares. JPMorgan Chase & Co. raised their target price on EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Canaccord Genuity Group raised their target price on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Needham & Company LLC raised their target price on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. B. Riley raised their target price on EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a report on Tuesday, May 7th. Finally, Craig Hallum lifted their price objective on EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $26.25.

Insider Transactions at EverQuote

In other news, Director David B. Blundin sold 58,434 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $20.14, for a total transaction of $1,176,860.76. Following the sale, the director now directly owns 535,058 shares of the company’s stock, valued at $10,776,068.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director David B. Blundin sold 58,434 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $20.14, for a total transaction of $1,176,860.76. Following the transaction, the director now directly owns 535,058 shares of the company’s stock, valued at $10,776,068.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Julia Brncic sold 2,622 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $21.16, for a total value of $55,481.52. Following the transaction, the general counsel now directly owns 118,963 shares in the company, valued at $2,517,257.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 154,396 shares of company stock valued at $3,243,225. Corporate insiders own 29.79% of the company’s stock.

EverQuote Trading Up 2.1 %

EVER stock traded up $0.41 during trading on Wednesday, reaching $20.02. 449,770 shares of the company’s stock were exchanged, compared to its average volume of 420,746. EverQuote, Inc. has a 1-year low of $5.36 and a 1-year high of $25.69. The company’s fifty day moving average price is $21.67 and its 200-day moving average price is $17.23.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. EverQuote had a negative return on equity of 31.65% and a negative net margin of 17.37%. The company had revenue of $91.07 million during the quarter, compared to analyst estimates of $80.36 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. As a group, research analysts expect that EverQuote, Inc. will post 0.05 EPS for the current 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.