Hennion & Walsh Asset Management Inc. acquired a new position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,038 shares of the company's stock, valued at approximately $315,000.
Other large investors have also bought and sold shares of the company. Divisadero Street Capital Management LP bought a new position in shares of EverQuote in the fourth quarter valued at $12,311,000. Freestone Grove Partners LP bought a new position in shares of EverQuote during the fourth quarter valued at about $11,618,000. Point72 Asset Management L.P. increased its holdings in EverQuote by 2,301.4% during the fourth quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company's stock worth $9,216,000 after buying an additional 441,815 shares during the last quarter. Toronado Partners LLC increased its holdings in EverQuote by 59.7% during the fourth quarter. Toronado Partners LLC now owns 718,774 shares of the company's stock worth $14,368,000 after buying an additional 268,670 shares during the last quarter. Finally, Boston Partners purchased a new stake in EverQuote during the fourth quarter worth about $3,668,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price 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. Needham & Company LLC reiterated a "buy" rating and issued a $38.00 target price on shares of EverQuote in a research note on Tuesday, May 6th. Finally, Canaccord Genuity Group reduced their target price on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $32.50.
Check Out Our Latest Analysis on EVER
EverQuote Price Performance
Shares of EVER traded down $1.08 during trading hours on Friday, hitting $24.66. The company's stock had a trading volume of 286,338 shares, compared to its average volume of 548,227. The business has a 50 day simple moving average of $23.40 and a two-hundred day simple moving average of $22.25. The company has a market cap of $880.95 million, a price-to-earnings ratio of 72.53 and a beta of 0.33. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $30.03.
Insider Activity at EverQuote
In other news, Director John L. Shields sold 2,000 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $20.93, for a total value of $41,860.00. Following the completion of the sale, the director now directly owns 26,515 shares in the company, valued at approximately $554,958.95. The trade was a 7.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jayme Mendal sold 65,117 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 619,156 shares of the company's stock, valued at approximately $17,379,708.92. The trade was a 9.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 198,330 shares of company stock valued at $5,376,526. Corporate insiders own 29.79% of the company's stock.
EverQuote Company Profile
(
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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