Monimus Capital Management LP Makes New $2.14 Million Investment in EverQuote, Inc. (NASDAQ:EVER)

Monimus Capital Management LP bought a new position in EverQuote, Inc. (NASDAQ:EVER) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 107,066 shares of the company’s stock, valued at approximately $2,140,000. EverQuote comprises about 2.0% of Monimus Capital Management LP’s investment portfolio, making the stock its 19th largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in EverQuote by 255.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock worth $5,072,000 after purchasing an additional 172,785 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position 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 last quarter. Geode Capital Management LLC boosted its position in EverQuote by 10.4% in the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock worth $12,554,000 after purchasing an additional 56,114 shares during the last quarter. Barclays PLC boosted its position in EverQuote by 331.2% in the third quarter. Barclays PLC now owns 50,983 shares of the company’s stock worth $1,076,000 after purchasing an additional 39,160 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of EverQuote by 3,022.8% in the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock worth $8,133,000 after buying an additional 373,280 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

EverQuote Trading Up 3.6 %

Shares of EVER opened at $26.61 on Friday. The business’s 50 day moving average is $21.71 and its 200 day moving average is $20.46. The company has a market capitalization of $950.62 million, a PE 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 released 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 for the quarter, compared to the consensus estimate of $133.83 million. Equities research analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Insiders Place Their Bets

In other EverQuote news, CAO Jon Ayotte sold 7,647 shares of EverQuote stock in a transaction that occurred on Thursday, February 27th. The stock was 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 $1,492,917.40. The trade was a 11.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $19.93, for a total value of $582,912.64. Following the completion of the sale, the chief technology officer now directly owns 116,212 shares in the company, valued at approximately $2,316,105.16. The trade was a 20.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,453 shares of company stock valued at $1,459,054 in the last quarter. 29.79% of the stock is currently owned by 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.