Cubist Systematic Strategies LLC Raises Stake in EverQuote, Inc. (NASDAQ:EVER)

Cubist Systematic Strategies LLC increased its position in EverQuote, Inc. (NASDAQ:EVER) by 335.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 265,944 shares of the company’s stock after buying an additional 204,835 shares during the period. Cubist Systematic Strategies LLC owned about 0.77% of EverQuote worth $5,548,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Counterpoint Mutual Funds LLC purchased a new position in shares of EverQuote during the 1st quarter worth $672,000. BNP Paribas Financial Markets boosted its stake in EverQuote by 127.6% in the 1st quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock worth $1,016,000 after buying an additional 30,699 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in EverQuote by 244,503.3% in the 1st quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock worth $5,448,000 after buying an additional 293,404 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in EverQuote in the 1st quarter valued at about $211,000. Finally, First Eagle Investment Management LLC increased its stake in shares of EverQuote by 3.6% during the 1st quarter. First Eagle Investment Management LLC now owns 532,138 shares of the company’s stock valued at $9,876,000 after acquiring an additional 18,523 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EVER shares. Needham & Company LLC boosted their target price on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Craig Hallum boosted their price objective on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. increased their target price on EverQuote from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $29.58.

EverQuote Stock Up 1.1 %

EverQuote stock opened at $21.00 on Friday. The firm has a fifty day moving average of $23.05 and a 200-day moving average of $21.64. EverQuote, Inc. has a 52-week low of $6.57 and a 52-week high of $28.09. The firm has a market capitalization of $736.68 million, a P/E ratio of -14.89 and a beta of 1.04.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.14. The firm had revenue of $117.14 million during the quarter, compared to the consensus estimate of $102.81 million. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. The firm’s quarterly revenue was up 72.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.31) EPS. On average, research analysts expect that EverQuote, Inc. will post 0.57 EPS for the current fiscal year.

Insider Activity at EverQuote

In other EverQuote news, CTO David Brainard sold 2,043 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $20.96, for a total value of $42,821.28. Following the completion of the sale, the chief technology officer now owns 169,956 shares of the company’s stock, valued at $3,562,277.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other EverQuote news, CTO David Brainard sold 2,043 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $20.96, for a total value of $42,821.28. Following the completion of the transaction, the chief technology officer now directly owns 169,956 shares of the company’s stock, valued at approximately $3,562,277.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jayme Mendal sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $20.71, for a total value of $414,200.00. Following the sale, the chief executive officer now owns 424,305 shares of the company’s stock, valued at $8,787,356.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 133,998 shares of company stock worth $3,356,708. 29.79% of the stock is currently owned by company insiders.

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.