Alps Advisors Inc. Takes $335,000 Position in EverQuote, Inc. (NASDAQ:EVER)

Alps Advisors Inc. bought a new position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,810 shares of the company's stock, valued at approximately $335,000.

Other hedge funds also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in EverQuote in the fourth quarter valued at approximately $90,000. FNY Investment Advisers LLC acquired a new stake in shares of EverQuote in the first quarter valued at approximately $157,000. Tower Research Capital LLC TRC lifted its holdings in shares of EverQuote by 23.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company's stock worth $179,000 after purchasing an additional 1,724 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in EverQuote during the 4th quarter worth $180,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in EverQuote during the 4th quarter worth $205,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

EverQuote Trading Up 0.4%

Shares of EVER stock traded up $0.09 during mid-day trading on Friday, reaching $24.78. The stock had a trading volume of 285,578 shares, compared to its average volume of 543,473. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03. The company has a market cap of $885.24 million, a P/E ratio of 24.29 and a beta of 0.34. The business has a 50-day simple moving average of $24.28 and a 200 day simple moving average of $23.32.

Insiders Place Their Bets

In related news, CFO Joseph Sanborn sold 1,063 shares of EverQuote stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $24.13, for a total transaction of $25,650.19. Following the completion of the sale, the chief financial officer owned 261,390 shares in the company, valued at approximately $6,307,340.70. This trade represents a 0.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Julia Brncic sold 1,808 shares of EverQuote stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $24.31, for a total value of $43,952.48. Following the sale, the general counsel owned 123,397 shares of the company's stock, valued at approximately $2,999,781.07. This represents a 1.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,162 shares of company stock valued at $1,474,377. Company insiders own 29.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EVER shares. Needham & Company LLC reissued a "buy" rating and issued a $38.00 target price on shares of EverQuote in a report on Tuesday, May 6th. JPMorgan Chase & Co. raised their target price on EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a report 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's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $32.50.

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.