GSA Capital Partners LLP Has $1.27 Million Stock Position in EverQuote, Inc. (NASDAQ:EVER)

GSA Capital Partners LLP lessened its position in EverQuote, Inc. (NASDAQ:EVER) by 59.2% in the third quarter, HoldingsChannel reports. The fund owned 59,990 shares of the company’s stock after selling 86,883 shares during the quarter. GSA Capital Partners LLP’s holdings in EverQuote were worth $1,265,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP grew its position in EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after purchasing an additional 985 shares during the period. nVerses Capital LLC acquired a new position in shares of EverQuote during the second quarter valued at about $35,000. CWM LLC increased its position in shares of EverQuote by 133.2% during the second quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after acquiring an additional 1,063 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of EverQuote in the 2nd quarter worth about $76,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in EverQuote in the 2nd quarter valued at about $147,000. Institutional investors own 91.54% of the company’s stock.

EverQuote Price Performance

Shares of EverQuote stock opened at $18.81 on Friday. The stock has a fifty day moving average price of $20.07 and a 200-day moving average price of $21.79. The firm has a market cap of $659.85 million, a PE ratio of 55.32 and a beta of 1.06. EverQuote, Inc. has a 1 year low of $8.18 and a 1 year high of $28.09.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. During the same quarter in the previous year, the firm posted ($0.40) earnings per share. The company’s revenue for the quarter was up 162.7% on a year-over-year basis. As a group, equities analysts anticipate that EverQuote, Inc. will post 0.65 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling at EverQuote

In other EverQuote news, CTO David Brainard sold 1,641 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total transaction of $33,181.02. Following the sale, the chief technology officer now owns 155,491 shares of the company’s stock, valued at $3,144,028.02. The trade was a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Joseph Sanborn sold 4,800 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $21.54, for a total value of $103,392.00. Following the completion of the transaction, the chief financial officer now directly owns 207,691 shares of the company’s stock, valued at $4,473,664.14. The trade was a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,305 shares of company stock valued at $363,780. Company insiders own 29.79% of the company’s stock.

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.