Jacobs Asset Management LLC Acquires 83,419 Shares of EverQuote, Inc. (NASDAQ:EVER)

Jacobs Asset Management LLC lifted its stake in shares of EverQuote, Inc. (NASDAQ:EVER) by 50.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 249,840 shares of the company’s stock after buying an additional 83,419 shares during the period. EverQuote comprises about 3.5% of Jacobs Asset Management LLC’s holdings, making the stock its 12th largest position. Jacobs Asset Management LLC owned approximately 0.71% of EverQuote worth $5,269,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of EVER. nVerses Capital LLC grew its position in shares of EverQuote by 41.2% in the 3rd 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 lifted its position in EverQuote by 215.5% in the second quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after buying an additional 985 shares during the last quarter. CWM LLC increased its holdings in EverQuote by 133.2% during the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after purchasing an additional 1,063 shares during the period. Gladius Capital Management LP acquired a new position in shares of EverQuote during the third quarter worth $26,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in EverQuote by 19.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock valued at $177,000 after acquiring an additional 1,363 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Trading Up 1.4 %

Shares of EVER opened at $19.46 on Tuesday. The firm’s 50-day moving average price is $19.35 and its 200-day moving average price is $21.50. The firm has a market capitalization of $687.91 million, a price-to-earnings ratio of 57.24 and a beta of 0.96. EverQuote, Inc. has a 1-year low of $9.86 and a 1-year high of $28.09.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm had revenue of $144.53 million for the quarter, compared to the consensus estimate of $140.30 million. During the same period in the prior year, the business posted ($0.40) earnings per share. The company’s revenue for the quarter was up 162.7% on a year-over-year basis. On average, research analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Insider Transactions at EverQuote

In other news, CTO David Brainard sold 1,641 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total value of $33,181.02. Following the completion of the sale, the chief technology officer now owns 155,491 shares in the company, valued at approximately $3,144,028.02. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George R. Neble sold 2,500 shares of the company’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $19.42, for a total transaction of $48,550.00. Following the transaction, the director now owns 54,970 shares of the company’s stock, valued at $1,067,517.40. This represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,716 shares of company stock worth $188,810. 29.79% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EVER. B. Riley dropped their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC increased their target price on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Craig Hallum raised their price objective on EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. decreased their target price on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $28.50.

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.