Divisadero Street Capital Management LP Sells 211,781 Shares of EverQuote, Inc. $EVER

Divisadero Street Capital Management LP cut its holdings in shares of EverQuote, Inc. (NASDAQ:EVER) by 31.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 453,220 shares of the company’s stock after selling 211,781 shares during the period. Divisadero Street Capital Management LP owned approximately 1.27% of EverQuote worth $10,959,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its holdings in shares of EverQuote by 25.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock valued at $68,000 after acquiring an additional 573 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in EverQuote by 28.7% during the second quarter. Asset Management One Co. Ltd. now owns 4,682 shares of the company’s stock valued at $113,000 after purchasing an additional 1,044 shares during the period. AlphaQuest LLC boosted its holdings in EverQuote by 70.9% in the second quarter. AlphaQuest LLC now owns 5,485 shares of the company’s stock worth $133,000 after purchasing an additional 2,276 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its position in EverQuote by 23.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 6,268 shares of the company’s stock worth $152,000 after purchasing an additional 1,178 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its stake in EverQuote by 5.5% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 8,684 shares of the company’s stock valued at $210,000 after buying an additional 453 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Insider Activity

In other EverQuote news, CEO Jayme Mendal sold 14,360 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $23.55, for a total transaction of $338,178.00. Following the sale, the chief executive officer owned 452,412 shares in the company, valued at approximately $10,654,302.60. This trade represents a 3.08% 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, Director John L. Shields sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $20.78, for a total transaction of $41,560.00. Following the completion of the transaction, the director owned 27,219 shares of the company’s stock, valued at approximately $565,610.82. The trade was a 6.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 58,833 shares of company stock valued at $1,341,247. 25.52% of the stock is owned by insiders.

EverQuote Stock Performance

NASDAQ EVER opened at $27.80 on Monday. The company has a market capitalization of $999.69 million, a PE ratio of 19.44 and a beta of 0.45. The business’s fifty day moving average is $23.26 and its 200 day moving average is $23.85. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.The business had revenue of $173.94 million during the quarter, compared to analysts’ expectations of $166.09 million. During the same quarter in the prior year, the business posted $0.31 earnings per share. The business’s quarterly revenue was up 20.3% on a year-over-year basis. On average, sell-side analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current year.

Analyst Ratings Changes

EVER has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on EverQuote from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Needham & Company LLC increased their target price on EverQuote from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Zacks Research raised EverQuote from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Wall Street Zen downgraded EverQuote from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of EverQuote in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, EverQuote presently has a consensus rating of “Buy” and an average price target of $33.75.

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.