EverQuote, Inc. (NASDAQ:EVER) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lessened its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 95.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,874 shares of the company's stock after selling 588,911 shares during the quarter. Bank of America Corp DE owned approximately 0.07% of EverQuote worth $517,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legal & General Group Plc increased its position in EverQuote by 4.8% during the 4th quarter. Legal & General Group Plc now owns 21,985 shares of the company's stock valued at $439,000 after buying an additional 1,012 shares in the last quarter. Rhumbline Advisers increased its position in EverQuote by 4.0% during the 4th quarter. Rhumbline Advisers now owns 34,899 shares of the company's stock valued at $698,000 after buying an additional 1,332 shares in the last quarter. Canada Pension Plan Investment Board increased its position in EverQuote by 2.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 55,600 shares of the company's stock valued at $1,111,000 after buying an additional 1,500 shares in the last quarter. Tower Research Capital LLC TRC increased its position in EverQuote by 23.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company's stock valued at $179,000 after buying an additional 1,724 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock valued at $90,000 after buying an additional 2,042 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.

Insiders Place Their Bets

In other EverQuote news, CEO Jayme Mendal sold 65,117 shares of EverQuote stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $28.07, for a total transaction of $1,827,834.19. Following the completion of the transaction, the chief executive officer now owns 619,156 shares in the company, valued at approximately $17,379,708.92. This trade represents a 9.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $28.75, for a total value of $29,382.50. Following the sale, the insider now owns 3,498,667 shares in the company, valued at $100,586,676.25. This trade represents a 0.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 198,330 shares of company stock valued at $5,376,526 over the last ninety days. 29.79% of the stock is owned by insiders.

EverQuote Trading Down 1.7%

Shares of NASDAQ:EVER traded down $0.45 during mid-day trading on Thursday, reaching $25.74. The stock had a trading volume of 271,452 shares, compared to its average volume of 548,583. The company has a market cap of $919.54 million, a P/E ratio of 75.71 and a beta of 0.33. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $30.03. The business's 50 day moving average price is $23.40 and its 200 day moving average price is $22.25.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EVER. Canaccord Genuity Group reduced their price objective on EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. raised their price target on EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $38.00 target price on shares of EverQuote in a research report on Tuesday, May 6th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, EverQuote presently has an average rating of "Buy" and a consensus target price of $32.50.

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.