Baillie Gifford & Co. Reduces Holdings in EverQuote, Inc. (NASDAQ:EVER)

Baillie Gifford & Co. decreased its position in shares of EverQuote, Inc. (NASDAQ:EVER) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 238,192 shares of the company’s stock after selling 25,739 shares during the quarter. Baillie Gifford & Co. owned approximately 0.67% of EverQuote worth $4,761,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Gladius Capital Management LP purchased a new position in shares of EverQuote during the third quarter worth about $26,000. R Squared Ltd purchased a new position in shares of EverQuote during the fourth quarter worth about $34,000. nVerses Capital LLC grew its holdings in shares of EverQuote by 41.2% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $51,000 after buying an additional 700 shares during the last quarter. Quarry LP grew its holdings in shares of EverQuote by 100.7% during the third quarter. Quarry LP now owns 2,894 shares of the company’s stock worth $61,000 after buying an additional 1,452 shares during the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of EverQuote by 115.1% during the third 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. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Insider Activity

In other news, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction that occurred on 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 sale, the director now directly owns 28,515 shares in the company, valued at approximately $570,300. This trade represents a 6.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO David Brainard sold 29,248 shares of EverQuote stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $19.93, for a total transaction of $582,912.64. Following the sale, the chief technology officer now owns 116,212 shares of the company’s stock, valued at approximately $2,316,105.16. The trade was a 20.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 51,955 shares of company stock worth $995,711. Company insiders own 29.79% of the company’s stock.

EverQuote Stock Up 0.6 %

Shares of NASDAQ:EVER opened at $21.82 on Wednesday. The company has a market cap of $771.34 million, a P/E ratio of 64.18 and a beta of 0.96. EverQuote, Inc. has a 52 week low of $14.28 and a 52 week high of $28.09. The company has a 50-day moving average price of $19.47 and a 200 day moving average price of $20.16.

Wall Street Analysts Forecast Growth

EVER has been the topic of a number of research reports. Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a report on Thursday, December 26th. JPMorgan Chase & Co. lowered their price target on EverQuote from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Finally, B. Riley lowered their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $31.67.

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.