Sigma Planning Corp purchased a new position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,045 shares of the company's stock, valued at approximately $289,000.
Other institutional investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in shares of EverQuote in the 4th quarter valued at about $90,000. FNY Investment Advisers LLC acquired a new stake in shares of EverQuote in the 1st quarter valued at about $157,000. Arizona State Retirement System acquired a new stake in shares of EverQuote in the 1st quarter valued at about $202,000. Linden Thomas Advisory Services LLC acquired a new stake in shares of EverQuote in the 1st quarter valued at about $216,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of EverQuote in the 1st quarter valued at about $225,000. 91.54% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on EVER shares. Needham & Company LLC reiterated a "buy" rating and set a $38.00 price objective on shares of EverQuote in a research note on Tuesday, May 6th. JPMorgan Chase & Co. increased their price objective on shares of EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $32.50.
Check Out Our Latest Research Report on EverQuote
Insider Activity at EverQuote
In other EverQuote news, CEO Jayme Mendal sold 14,360 shares of EverQuote stock in a transaction on Friday, June 20th. The shares were sold at an average price of $24.20, for a total transaction of $347,512.00. Following the completion of the sale, the chief executive officer owned 558,789 shares of the company's stock, valued at $13,522,693.80. This trade represents a 2.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Julia Brncic sold 1,808 shares of EverQuote stock in a transaction on Monday, July 7th. The shares were sold at an average price of $24.31, for a total transaction of $43,952.48. Following the sale, the general counsel directly owned 123,397 shares of the company's stock, valued at $2,999,781.07. This trade represents a 1.44% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,802 shares of company stock worth $1,167,647. 29.79% of the stock is currently owned by company insiders.
EverQuote Stock Performance
EverQuote stock opened at $24.78 on Monday. The company has a 50 day moving average price of $24.28 and a 200 day moving average price of $23.34. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03. The firm has a market capitalization of $885.14 million, a price-to-earnings ratio of 24.29 and a beta of 0.34.
EverQuote Company Profile
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Free Report)
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.
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