Jacobs Asset Management LLC Acquires 83,419 Shares of EverQuote, Inc. (NASDAQ:EVER)

Jacobs Asset Management LLC increased its holdings in EverQuote, Inc. (NASDAQ:EVER) by 50.1% during the third quarter, HoldingsChannel reports. The fund owned 249,840 shares of the company’s stock after acquiring an additional 83,419 shares during the quarter. EverQuote accounts for about 3.5% of Jacobs Asset Management LLC’s investment portfolio, making the stock its 12th biggest holding. Jacobs Asset Management LLC’s holdings in EverQuote were worth $5,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Emerald Mutual Fund Advisers Trust boosted its position in 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 buying an additional 429,084 shares during the period. Emerald Advisers LLC lifted its position in EverQuote by 165.8% in the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after buying an additional 399,257 shares during the last quarter. Renaissance Technologies LLC increased its holdings in EverQuote by 331.9% during the 2nd quarter. Renaissance Technologies LLC now owns 293,708 shares of the company’s stock worth $6,127,000 after purchasing an additional 225,700 shares during the period. Cubist Systematic Strategies LLC boosted its stake in EverQuote by 335.2% in the second quarter. Cubist Systematic Strategies LLC now owns 265,944 shares of the company’s stock valued at $5,548,000 after acquiring an additional 204,835 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in 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 buying an additional 199,187 shares during the period. 91.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EVER shares. Needham & Company LLC raised their target price on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Craig Hallum raised their target price on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. B. Riley decreased their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. decreased their target price on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, EverQuote has an average rating of “Buy” and a consensus price target of $28.50.

Insider Activity

In related news, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the transaction, the director now owns 54,970 shares of the company’s stock, valued at approximately $1,067,517.40. The trade was a 4.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO David Brainard sold 1,641 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02. Following the completion of the transaction, the chief technology officer now owns 155,491 shares in the company, valued at $3,144,028.02. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,716 shares of company stock valued at $188,810. 29.79% of the stock is currently owned by company insiders.

EverQuote Stock Performance

NASDAQ EVER opened at $19.46 on Tuesday. The stock has a 50 day simple moving average of $19.35 and a two-hundred day simple moving average of $21.50. EverQuote, Inc. has a fifty-two week low of $9.86 and a fifty-two week high of $28.09. The stock has a market cap of $687.91 million, a P/E ratio of 57.24 and a beta of 0.96.

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