G2 Investment Partners Management LLC Sells 75,143 Shares of EverQuote, Inc. $EVER

by · The Cerbat Gem

G2 Investment Partners Management LLC trimmed its position in EverQuote, Inc. (NASDAQ:EVER – Free Report) by 19.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 320,000 shares of the company’s stock after selling 75,143 shares during the period. EverQuote makes up approximately 1.7% of G2 Investment Partners Management LLC’s investment portfolio, making the stock its 26th largest holding. G2 Investment Partners Management LLC owned 0.90% of EverQuote worth $7,738,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ameritas Investment Partners Inc. raised its position in EverQuote by 25.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock valued at $68,000 after buying an additional 573 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of EverQuote by 28.7% during the 2nd quarter. Asset Management One Co. Ltd. now owns 4,682 shares of the company’s stock worth $113,000 after acquiring an additional 1,044 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of EverQuote by 70.9% in the second quarter. AlphaQuest LLC now owns 5,485 shares of the company’s stock valued at $133,000 after purchasing an additional 2,276 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in shares of EverQuote by 23.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 6,268 shares of the company’s stock worth $152,000 after purchasing an additional 1,178 shares in the last quarter. Finally, Globeflex Capital L P acquired a new position in EverQuote during the second quarter worth $198,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity at EverQuote

In other EverQuote news, CTO David Brainard sold 5,710 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $22.20, for a total value of $126,762.00. Following the transaction, the chief technology officer directly owned 115,161 shares in the company, valued at $2,556,574.20. The trade was a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Shields sold 2,000 shares of the stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $20.78, for a total transaction of $41,560.00. Following the completion of the transaction, the director directly owned 27,219 shares in the company, valued at $565,610.82. The trade was a 6.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 58,833 shares of company stock valued at $1,341,247. 25.52% of the stock is owned by company insiders.

EverQuote Stock Performance

EverQuote stock opened at $27.74 on Friday. The stock has a 50-day simple moving average of $23.75 and a 200 day simple moving average of $24.00. The stock has a market capitalization of $997.42 million, a P/E ratio of 19.40 and a beta of 0.46. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03.

EverQuote (NASDAQ:EVER – Get Free Report) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.The company had revenue of $173.94 million during the quarter, compared to analysts’ expectations of $166.09 million. During the same period last year, the firm posted $0.31 earnings per share. The business’s revenue was up 20.3% on a year-over-year basis. Research analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EVER shares. Weiss Ratings reiterated a “hold (c)” rating on shares of EverQuote in a research note on Wednesday, October 8th. Wall Street Zen downgraded EverQuote from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. JPMorgan Chase & Co. increased their price target on EverQuote from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday. Needham & Company LLC boosted their price target on EverQuote from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Zacks Research raised EverQuote from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $34.25.

Check Out Our Latest Research Report on EverQuote

EverQuote Company Profile

(Free Report)

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.

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