Aigen Investment Management LP Buys New Shares in EverQuote, Inc. (NASDAQ:EVER)

Aigen Investment Management LP purchased a new stake in shares of EverQuote, Inc. (NASDAQ:EVER) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,455 shares of the company’s stock, valued at approximately $249,000.

A number of other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of EverQuote by 3,022.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock valued at $8,133,000 after purchasing an additional 373,280 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of EverQuote by 255.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock worth $5,072,000 after buying an additional 172,785 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of EverQuote by 183.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 164,466 shares of the company’s stock worth $3,288,000 after buying an additional 106,492 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in EverQuote by 636.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock worth $2,209,000 after purchasing an additional 90,500 shares during the period. Finally, Jacobs Asset Management LLC grew its stake in shares of EverQuote by 50.1% in the 3rd quarter. Jacobs Asset Management LLC now owns 249,840 shares of the company’s stock valued at $5,269,000 after buying an additional 83,419 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other EverQuote news, CAO Jon Ayotte sold 7,647 shares of EverQuote stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $25.72, for a total value of $196,680.84. Following the sale, the chief accounting officer now owns 58,045 shares of the company’s stock, valued at approximately $1,492,917.40. The trade was a 11.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John L. Shields sold 2,000 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $20.00, for a total transaction of $40,000.00. Following the completion of the transaction, the director now owns 28,515 shares in the company, valued at approximately $570,300. The trade was a 6.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,453 shares of company stock valued at $1,459,054. Insiders own 29.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Canaccord Genuity Group decreased their price target on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research report on Thursday, December 26th. JPMorgan Chase & Co. raised their price target on shares of EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Finally, Needham & Company LLC boosted their price objective on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, EverQuote currently has a consensus rating of “Buy” and a consensus target price of $32.33.

EverQuote Price Performance

EVER opened at $25.77 on Monday. EverQuote, Inc. has a fifty-two week low of $15.24 and a fifty-two week high of $28.09. The firm has a market capitalization of $911.00 million, a P/E ratio of 75.79 and a beta of 1.01. The company’s 50-day moving average is $21.15 and its 200 day moving average is $20.31.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.15 by $0.18. The firm had revenue of $147.46 million for the quarter, compared to analysts’ expectations of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. On average, equities research analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current 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.