Clearline Capital LP Lowers Position in EverQuote, Inc. (NASDAQ:EVER)

Clearline Capital LP decreased its holdings in shares of EverQuote, Inc. (NASDAQ:EVER) by 78.1% in the 3rd quarter, Holdings Channel reports. The firm owned 91,718 shares of the company’s stock after selling 326,186 shares during the period. Clearline Capital LP’s holdings in EverQuote were worth $1,934,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Driehaus Capital Management LLC lifted its position in EverQuote by 9.1% during the second quarter. Driehaus Capital Management LLC now owns 2,036,361 shares of the company’s stock valued at $42,478,000 after purchasing an additional 169,333 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of EverQuote by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock worth $21,487,000 after acquiring an additional 30,577 shares during the last quarter. Emerald Advisers LLC increased its stake in EverQuote by 165.8% in the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after acquiring an additional 399,257 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of EverQuote by 62.6% in the 2nd quarter. Acadian Asset Management LLC now owns 517,331 shares of the company’s stock worth $10,786,000 after purchasing an additional 199,187 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in shares of EverQuote by 572.1% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock valued at $10,631,000 after purchasing an additional 429,084 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EVER has been the subject of a number of research reports. JPMorgan Chase & Co. cut their price objective on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC upped 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, August 6th. Craig Hallum lifted their price objective on EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, B. Riley dropped their target price on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $28.50.

Insider Transactions at EverQuote

In other news, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the completion of the transaction, the director now directly owns 54,970 shares of the company’s stock, valued at $1,067,517.40. The trade was a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO David Brainard sold 1,641 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total value of $33,181.02. Following the completion of the transaction, the chief technology officer now directly owns 155,491 shares in the company, valued at $3,144,028.02. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,716 shares of company stock valued at $188,810 in the last ninety days. 29.79% of the stock is currently owned by corporate insiders.

EverQuote Trading Up 0.2 %

EVER stock opened at $19.19 on Monday. The firm’s 50-day moving average price is $19.35 and its two-hundred day moving average price is $21.50. The stock has a market capitalization of $678.39 million, a price-to-earnings ratio of 56.44 and a beta of 1.06. EverQuote, Inc. has a 12-month low of $9.86 and a 12-month high of $28.09.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, November 4th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The business had revenue of $144.53 million during the quarter, compared to analyst estimates of $140.30 million. During the same quarter in the prior year, the company posted ($0.40) EPS. EverQuote’s quarterly revenue was up 162.7% compared to the same quarter last year. Equities analysts predict that EverQuote, Inc. will post 0.72 EPS for the current year.

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.