EverQuote, Inc. (NASDAQ:EVER) Shares Sold by XTX Topco Ltd

XTX Topco Ltd trimmed its position in EverQuote, Inc. (NASDAQ:EVER) by 32.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,555 shares of the company’s stock after selling 11,686 shares during the quarter. XTX Topco Ltd’s holdings in EverQuote were worth $518,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in EVER. Zacks Investment Management grew its holdings in shares of EverQuote by 249.8% during the third quarter. Zacks Investment Management now owns 52,067 shares of the company’s stock valued at $1,098,000 after buying an additional 37,182 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of EverQuote during the 3rd quarter worth about $1,641,000. Quadrature Capital Ltd acquired a new position in shares of EverQuote during the 3rd quarter valued at about $234,000. Quarry LP raised its stake in shares of EverQuote by 100.7% in the 3rd quarter. Quarry LP now owns 2,894 shares of the company’s stock valued at $61,000 after acquiring an additional 1,452 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its position in EverQuote by 40.1% during the third quarter. Point72 Asset Management L.P. now owns 19,198 shares of the company’s stock worth $405,000 after purchasing an additional 5,495 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at EverQuote

In other news, CTO David Brainard sold 1,641 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the sale, the director now owns 54,970 shares of the company’s stock, valued at $1,067,517.40. This trade represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,716 shares of company stock valued at $188,810 in the last quarter. 29.79% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on EVER. B. Riley dropped their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. reduced their price objective on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $31.60.

EverQuote Price Performance

Shares of EverQuote stock opened at $18.06 on Friday. The stock’s 50-day moving average is $18.86 and its 200-day moving average is $21.14. The firm has a market cap of $638.44 million, a price-to-earnings ratio of 53.12 and a beta of 0.96. EverQuote, Inc. has a one year low of $10.21 and a one year high of $28.09.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) 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 business had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. During the same quarter in the prior year, the company posted ($0.40) earnings per share. EverQuote’s revenue was up 162.7% on a year-over-year basis. On average, equities analysts expect that EverQuote, Inc. will post 0.72 EPS for the current year.

EverQuote 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.