XTX Topco Ltd Trims Holdings in EverQuote, Inc. (NASDAQ:EVER)

XTX Topco Ltd trimmed its holdings in EverQuote, Inc. (NASDAQ:EVER) by 32.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 24,555 shares of the company’s stock after selling 11,686 shares during the period. XTX Topco Ltd owned approximately 0.07% of EverQuote worth $518,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EVER. Gladius Capital Management LP purchased a new position in EverQuote in the third quarter worth approximately $26,000. Quarry LP raised 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 last quarter. nVerses Capital LLC acquired a new position in EverQuote in the 2nd quarter valued at about $35,000. CWM LLC grew its stake in shares of EverQuote by 133.2% in the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after purchasing an additional 1,063 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after buying an additional 1,874 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Insider Activity at EverQuote

In other EverQuote news, CTO David Brainard sold 1,641 shares of EverQuote stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total value of $33,181.02. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director George R. Neble sold 2,500 shares of the firm’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 completion of the transaction, the director now owns 54,970 shares in the company, valued at approximately $1,067,517.40. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,716 shares of company stock valued at $188,810. Insiders own 29.79% of the company’s stock.

EverQuote Price Performance

Shares of EVER opened at $18.06 on Friday. EverQuote, Inc. has a 12 month low of $10.21 and a 12 month high of $28.09. The stock’s 50-day moving average is $18.86 and its two-hundred day moving average is $21.14. The stock has a market cap of $638.44 million, a PE ratio of 53.12 and a beta of 0.96.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EVER. JPMorgan Chase & Co. cut their price target on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. B. Riley decreased their target price 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. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, EverQuote has an average rating of “Buy” and a consensus price target of $31.60.

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.