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

Divisadero Street Capital Management LP trimmed its holdings in EverQuote, Inc. (NASDAQ:EVER) by 31.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 453,220 shares of the company’s stock after selling 211,781 shares during the quarter. Divisadero Street Capital Management LP’s holdings in EverQuote were worth $10,959,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Cerity Partners LLC bought a new stake in shares of EverQuote during the second quarter valued at approximately $315,000. Bosun Asset Management LLC grew its stake in EverQuote by 49.4% during the second quarter. Bosun Asset Management LLC now owns 28,806 shares of the company’s stock valued at $697,000 after acquiring an additional 9,524 shares in the last quarter. First Trust Advisors LP bought a new stake in EverQuote in the 2nd quarter valued at $356,000. Invesco Ltd. increased its holdings in EverQuote by 46.8% in the 2nd quarter. Invesco Ltd. now owns 31,290 shares of the company’s stock valued at $757,000 after acquiring an additional 9,979 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in EverQuote by 6.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 700,976 shares of the company’s stock worth $16,950,000 after purchasing an additional 44,383 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CTO David Brainard sold 5,710 shares of the firm’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $22.20, for a total value of $126,762.00. Following the completion of the sale, the chief technology officer directly owned 115,161 shares in the company, valued at $2,556,574.20. This trade represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction 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 transaction, the director directly owned 27,219 shares of the company’s stock, valued at $565,610.82. The trade was a 6.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 58,833 shares of company stock worth $1,341,247 in the last 90 days. Company insiders own 25.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on EVER shares. Zacks Research upgraded EverQuote from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Wall Street Zen lowered EverQuote from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Needham & Company LLC raised their price target on EverQuote from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. lifted their price objective on EverQuote from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of EverQuote in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $33.75.

EverQuote Trading Up 0.1%

Shares of NASDAQ EVER opened at $27.80 on Monday. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03. The firm’s 50-day moving average price is $23.26 and its 200-day moving average price is $23.85. The stock has a market capitalization of $999.69 million, a price-to-earnings ratio of 19.44 and a beta of 0.45.

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

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.