Marshall Wace LLP Purchases 71,491 Shares of EverQuote, Inc. (NASDAQ:EVER)

Marshall Wace LLP boosted its holdings in shares of EverQuote, Inc. (NASDAQ:EVER) by 18.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 464,826 shares of the company’s stock after acquiring an additional 71,491 shares during the quarter. Marshall Wace LLP’s holdings in EverQuote were worth $9,696,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in EVER. Vanguard Group Inc. grew its stake in EverQuote by 2.7% in 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 holdings in shares of EverQuote by 127.6% in the first quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock valued at $1,016,000 after purchasing an additional 30,699 shares during the period. Russell Investments Group Ltd. grew its stake in EverQuote by 244,503.3% in the first quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock worth $5,448,000 after purchasing an additional 293,404 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in EverQuote during the 1st quarter worth $2,167,000. Finally, Inspire Investing LLC bought a new stake in EverQuote during the 2nd quarter valued at $842,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EVER. JPMorgan Chase & Co. raised their price target on EverQuote from $29.00 to $34.00 and gave the company an “overweight” 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 company a “buy” rating in a research report on Tuesday, August 6th. Finally, Needham & Company LLC upped their price target on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, EverQuote currently has an average rating of “Buy” and an average price target of $29.58.

EverQuote Price Performance

Shares of EVER stock opened at $21.00 on Monday. The stock’s 50-day moving average is $23.05 and its 200 day moving average is $21.68. EverQuote, Inc. has a 1-year low of $6.57 and a 1-year high of $28.09. The company has a market cap of $729.23 million, a P/E ratio of -14.89 and a beta of 1.04.

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

Insider Buying and Selling at EverQuote

In other news, CTO David Brainard sold 2,043 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $20.96, for a total transaction of $42,821.28. Following the transaction, the chief technology officer now directly owns 169,956 shares of the company’s stock, valued at $3,562,277.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CTO David Brainard sold 2,043 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $20.96, for a total transaction of $42,821.28. Following the sale, the chief technology officer now owns 169,956 shares in the company, valued at $3,562,277.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jon Ayotte sold 3,199 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $25.00, for a total transaction of $79,975.00. Following the transaction, the chief accounting officer now owns 48,650 shares in the company, valued at approximately $1,216,250. The disclosure for this sale can be found here. Insiders sold a total of 113,998 shares of company stock worth $2,942,508 over the last three months. Corporate insiders own 29.79% of the company’s stock.

About EverQuote

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.