Aigen Investment Management LP Makes New $249,000 Investment in EverQuote, Inc. (NASDAQ:EVER)

Aigen Investment Management LP purchased a new stake in EverQuote, Inc. (NASDAQ:EVER) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 12,455 shares of the company’s stock, valued at approximately $249,000.

Other hedge funds also recently made changes to their positions in the company. Gladius Capital Management LP purchased a new stake in EverQuote during the 3rd quarter worth about $26,000. Rhumbline Advisers increased its position in shares of EverQuote by 4.0% during the fourth quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock valued at $698,000 after buying an additional 1,332 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of EverQuote by 19.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock worth $177,000 after buying an additional 1,363 shares in the last quarter. Quarry LP boosted its position in shares of EverQuote by 100.7% in the third quarter. Quarry LP now owns 2,894 shares of the company’s stock valued at $61,000 after acquiring an additional 1,452 shares during the period. Finally, R Squared Ltd bought a new position in shares of EverQuote in the fourth quarter valued at approximately $34,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

EverQuote Stock Performance

EverQuote stock 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 stock has a market cap of $911.00 million, a P/E ratio of 75.79 and a beta of 1.01. The firm’s fifty day moving average price is $21.15 and its 200-day moving average price is $20.31.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $133.83 million. On average, analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

EVER has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Raymond James raised shares of 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. Canaccord Genuity Group dropped their price objective on EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Finally, Needham & Company LLC boosted their target price on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $32.33.

Insiders Place Their Bets

In other EverQuote news, CTO David Brainard sold 14,590 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $17.44, for a total value of $254,449.60. Following the completion of the sale, the chief technology officer now owns 137,291 shares in the company, valued at approximately $2,394,355.04. The trade was a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction on Monday, January 27th. The stock was 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 directly 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. Insiders sold a total of 71,453 shares of company stock valued at $1,459,054 over the last quarter. 29.79% of the stock is owned by corporate insiders.

EverQuote Company 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.