Connor Clark & Lunn Investment Management Ltd. Acquires 90,500 Shares of EverQuote, Inc. (NASDAQ:EVER)

Connor Clark & Lunn Investment Management Ltd. increased its stake in EverQuote, Inc. (NASDAQ:EVER) by 636.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,729 shares of the company’s stock after purchasing an additional 90,500 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.30% of EverQuote worth $2,209,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of 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 buying an additional 30,577 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in EverQuote in the first quarter valued at $2,167,000. Northwestern Mutual Wealth Management Co. purchased a new stake in EverQuote during the second quarter valued at about $782,000. Emerald Advisers LLC lifted its stake in EverQuote by 165.8% during the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after purchasing an additional 399,257 shares during the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of EverQuote in the 2nd quarter worth about $842,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

EverQuote Stock Up 0.9 %

Shares of NASDAQ EVER opened at $19.33 on Tuesday. The firm’s fifty day moving average is $19.59 and its 200 day moving average is $21.62. EverQuote, Inc. has a 52 week low of $8.44 and a 52 week high of $28.09. The company has a market cap of $683.32 million, a price-to-earnings ratio of 56.85 and a beta of 1.06.

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

Insider Activity at EverQuote

In related news, Director George R. Neble sold 2,500 shares of EverQuote stock in a transaction dated 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. This trade represents a 4.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO David Brainard sold 1,641 shares of EverQuote stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total transaction of $33,181.02. Following the transaction, the chief technology officer now owns 155,491 shares of the company’s stock, 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 worth $188,810 in the last 90 days. Company insiders own 29.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC upped their price objective on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Craig Hallum lifted 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. Finally, B. Riley lowered their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, EverQuote presently has a consensus rating of “Buy” and a consensus price target of $28.50.

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.