EverQuote, Inc. (NASDAQ:EVER) Holdings Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in EverQuote, Inc. (NASDAQ:EVER) by 255.2% in the third quarter, Holdings Channel reports. The institutional investor owned 240,482 shares of the company’s stock after acquiring an additional 172,785 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in EverQuote were worth $5,072,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EVER. Gladius Capital Management LP bought a new position in shares of EverQuote during the 3rd quarter valued at $26,000. Quarry LP raised its holdings in shares of EverQuote by 215.5% during the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after purchasing an additional 985 shares in the last quarter. nVerses Capital LLC bought a new position in shares of EverQuote during the 2nd quarter valued at $35,000. CWM LLC raised its holdings in shares of EverQuote by 133.2% during the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after purchasing an additional 1,063 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of EverQuote during the 2nd quarter valued at $76,000. Institutional investors own 91.54% of the company’s stock.

Insider Activity at EverQuote

In related news, CTO David Brainard sold 1,641 shares of EverQuote stock in a transaction dated Wednesday, October 2nd. The shares were 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 directly owns 155,491 shares of the company’s stock, valued at $3,144,028.02. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction dated Thursday, October 10th. The stock was 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 approximately $1,067,517.40. This represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,716 shares of company stock valued at $188,810 in the last ninety days. Insiders own 29.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. B. Riley lowered their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $31.60.

EverQuote Stock Performance

Shares of EverQuote stock opened at $17.63 on Friday. The firm’s 50-day simple moving average is $18.91 and its 200-day simple moving average is $21.18. EverQuote, Inc. has a twelve month low of $10.08 and a twelve month high of $28.09. The firm has a market cap of $623.24 million, a P/E ratio of 51.85 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last issued 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 net margin of 3.31% and a return on equity of 13.94%. The business had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. During the same period in the previous year, the business earned ($0.40) EPS. The firm’s revenue was up 162.7% on a year-over-year basis. On average, equities analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

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.