Wellington Management Group LLP Purchases Shares of 77,808 EverQuote, Inc. (NASDAQ:EVER)

Wellington Management Group LLP acquired a new position in shares of EverQuote, Inc. (NASDAQ:EVER) in the 3rd quarter, Holdings Channel reports. The fund acquired 77,808 shares of the company’s stock, valued at approximately $1,641,000.

Several other large investors have also modified their holdings of EVER. Gladius Capital Management LP acquired a new stake in EverQuote during the 3rd quarter worth $26,000. Quarry LP increased its position in shares of EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 985 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of EverQuote in the 2nd quarter valued at about $35,000. CWM LLC boosted its position in shares of EverQuote by 133.2% in 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 during the period. Finally, Quantbot Technologies LP grew its stake in EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after buying an additional 1,874 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

EverQuote Trading Down 3.2 %

EverQuote stock opened at $16.80 on Thursday. The stock has a market capitalization of $593.90 million, a price-to-earnings ratio of 49.41 and a beta of 0.96. The stock has a 50 day moving average of $18.71 and a two-hundred day moving average of $20.97. EverQuote, Inc. has a twelve month low of $10.21 and a twelve month high of $28.09.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share 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 analyst estimates of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. EverQuote’s quarterly revenue was up 162.7% on a year-over-year basis. During the same period last year, the firm posted ($0.40) EPS. Equities analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Insider Transactions at EverQuote

In other EverQuote news, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the sale, the director now directly owns 54,970 shares in the company, valued at approximately $1,067,517.40. The trade was a 4.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO David Brainard sold 1,641 shares of the 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 owns 155,491 shares of the company’s stock, valued at $3,144,028.02. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,716 shares of company stock worth $188,810 over the last ninety days. 29.79% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EVER shares. JPMorgan Chase & Co. reduced their price objective on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. B. Riley reduced their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $31.60.

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.