Monimus Capital Management LP Takes $2.14 Million Position in EverQuote, Inc. (NASDAQ:EVER)

Monimus Capital Management LP acquired a new stake in shares of EverQuote, Inc. (NASDAQ:EVER) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 107,066 shares of the company’s stock, valued at approximately $2,140,000. EverQuote accounts for about 2.0% of Monimus Capital Management LP’s investment portfolio, making the stock its 19th biggest holding. Monimus Capital Management LP owned approximately 0.30% of EverQuote at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of EverQuote by 255.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock valued at $5,072,000 after purchasing an additional 172,785 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of EverQuote by 636.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock valued at $2,209,000 after purchasing an additional 90,500 shares during the period. Geode Capital Management LLC boosted its stake in shares of EverQuote by 10.4% during the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock valued at $12,554,000 after purchasing an additional 56,114 shares during the period. Barclays PLC raised its holdings in shares of EverQuote by 331.2% during the third quarter. Barclays PLC now owns 50,983 shares of the company’s stock valued at $1,076,000 after acquiring an additional 39,160 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of EverQuote by 3,022.8% during the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock valued at $8,133,000 after acquiring an additional 373,280 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Trading Up 3.6 %

EVER opened at $26.61 on Friday. The stock has a fifty day simple moving average of $21.71 and a two-hundred day simple moving average of $20.46. The company has a market cap of $950.62 million, a price-to-earnings ratio of 78.26 and a beta of 1.01. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $28.09.

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

Insider Transactions at EverQuote

In related news, CTO David Brainard sold 2,238 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $26.14, for a total transaction of $58,501.32. Following the sale, the chief technology officer now directly owns 153,336 shares of the company’s stock, valued at $4,008,203.04. This trade represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jon Ayotte sold 7,647 shares of the stock in a transaction on 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 directly owns 58,045 shares in the company, valued at $1,492,917.40. This trade represents a 11.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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

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

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.