Emerald Advisers LLC purchased a new stake in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 443,701 shares of the company's stock, valued at approximately $11,621,000. Emerald Advisers LLC owned approximately 1.24% of EverQuote at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of EVER. KLP Kapitalforvaltning AS bought a new stake in EverQuote during the 4th quarter worth approximately $90,000. AlphaQuest LLC boosted its position in EverQuote by 53.9% during the 4th quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock valued at $154,000 after buying an additional 2,698 shares during the period. FNY Investment Advisers LLC purchased a new stake in EverQuote during the 1st quarter valued at $157,000. Tower Research Capital LLC TRC lifted its position in shares of EverQuote by 23.8% in the 4th 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. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of EverQuote in the 4th quarter worth about $180,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
EVER has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Needham & Company LLC restated a "buy" rating and set a $38.00 price objective on shares of EverQuote in a research note on Tuesday, May 6th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $32.50.
Check Out Our Latest Report on EVER
EverQuote Price Performance
Shares of EVER traded down $0.13 on Wednesday, reaching $24.51. The company's stock had a trading volume of 234,121 shares, compared to its average volume of 544,525. The stock has a market capitalization of $875.50 million, a P/E ratio of 20.71 and a beta of 0.34. The stock's 50 day simple moving average is $24.19 and its two-hundred day simple moving average is $23.22. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03.
Insider Buying and Selling
In other EverQuote news, CTO David Brainard sold 6,609 shares of EverQuote stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $23.54, for a total transaction of $155,575.86. Following the transaction, the chief technology officer owned 142,665 shares of the company's stock, valued at $3,358,334.10. The trade was a 4.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $24.30, for a total transaction of $48,600.00. Following the transaction, the director directly owned 31,219 shares in the company, valued at $758,621.70. This represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,162 shares of company stock valued at $1,474,377 in the last 90 days. 29.79% of the stock is owned by insiders.
About EverQuote
(
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.
Featured Stories
Before you consider EverQuote, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EverQuote wasn't on the list.
While EverQuote currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
