Rhumbline Advisers Has $747,000 Stock Holdings in EverQuote, Inc. (NASDAQ:EVER)

Rhumbline Advisers increased its position in shares of EverQuote, Inc. (NASDAQ:EVER) by 18.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 35,793 shares of the company’s stock after purchasing an additional 5,534 shares during the period. Rhumbline Advisers’ holdings in EverQuote were worth $747,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position 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 in the last quarter. BNP Paribas Financial Markets boosted its position in shares of EverQuote by 127.6% during the 1st quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock worth $1,016,000 after acquiring an additional 30,699 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of EverQuote by 244,503.3% during the 1st quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock worth $5,448,000 after acquiring an additional 293,404 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of EverQuote during the 1st quarter worth approximately $2,167,000. Finally, SG Americas Securities LLC acquired a new stake in EverQuote in the second quarter valued at approximately $808,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Insider Transactions at EverQuote

In other news, CEO Jayme Mendal sold 20,000 shares of EverQuote stock in a transaction on Monday, July 1st. The shares were sold at an average price of $20.71, for a total transaction of $414,200.00. Following the transaction, the chief executive officer now owns 424,305 shares in the company, valued at $8,787,356.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Jayme Mendal sold 20,000 shares of EverQuote stock in a transaction on Monday, July 1st. The shares were sold at an average price of $20.71, for a total transaction of $414,200.00. Following the completion of the transaction, the chief executive officer now owns 424,305 shares of the company’s stock, valued at $8,787,356.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Joseph Sanborn sold 4,800 shares of EverQuote stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $21.54, for a total transaction of $103,392.00. Following the transaction, the chief financial officer now directly owns 207,691 shares of the company’s stock, valued at approximately $4,473,664.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 133,998 shares of company stock worth $3,356,708. Company insiders own 29.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Craig Hallum raised their target price on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Needham & Company LLC raised their target price 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. Finally, JPMorgan Chase & Co. raised their target price on shares of EverQuote from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $29.58.

EverQuote Stock Performance

Shares of NASDAQ:EVER opened at $21.23 on Tuesday. The firm has a market cap of $737.21 million, a PE ratio of -15.06 and a beta of 1.04. The firm’s fifty day moving average is $23.30 and its 200-day moving average is $21.59. EverQuote, Inc. has a 52 week low of $6.52 and a 52 week high of $28.09.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.14. The company had revenue of $117.14 million for the quarter, compared to analyst estimates of $102.81 million. EverQuote had a negative net margin of 8.55% and a negative return on equity of 13.24%. EverQuote’s revenue was up 72.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.31) earnings per share. Sell-side analysts forecast that EverQuote, Inc. will post 0.57 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.