Hennion & Walsh Asset Management Inc. Takes $315,000 Position in EverQuote, Inc. (NASDAQ:EVER)

Hennion & Walsh Asset Management Inc. purchased a new stake in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,038 shares of the company's stock, valued at approximately $315,000.

Several other large investors have also made changes to their positions in EVER. Asset Management One Co. Ltd. lifted its holdings in EverQuote by 80.4% in the fourth 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 during the period. Rhumbline Advisers raised its position in shares of 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 acquiring an additional 1,332 shares during the last quarter. Ieq Capital LLC acquired a new position in shares of EverQuote in the 4th quarter valued at $341,000. Bank of New York Mellon Corp lifted its stake in shares of EverQuote by 12.0% in the 4th quarter. Bank of New York Mellon Corp now owns 69,348 shares of the company's stock valued at $1,386,000 after purchasing an additional 7,412 shares during the period. Finally, Los Angeles Capital Management LLC boosted its position in shares of EverQuote by 183.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 164,466 shares of the company's stock worth $3,288,000 after purchasing an additional 106,492 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

EverQuote Stock Performance

NASDAQ:EVER traded down $0.06 on Tuesday, reaching $25.87. The company's stock had a trading volume of 416,792 shares, compared to its average volume of 548,395. 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 $23.19 and its two-hundred day moving average price is $22.15. The firm has a market cap of $924.18 million, a PE ratio of 76.09 and a beta of 0.33.

Analyst Upgrades and Downgrades

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

Insider Activity

In other EverQuote news, major shareholder Ventures Lllp Link sold 1,022 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $28.75, for a total transaction of $29,382.50. Following the completion of the transaction, the insider now owns 3,498,667 shares of the company's stock, valued at $100,586,676.25. This represents a 0.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO David Brainard sold 1,291 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $23.11, for a total transaction of $29,835.01. Following the transaction, the chief technology officer now directly owns 141,374 shares of the company's stock, valued at $3,267,153.14. This represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 198,330 shares of company stock worth $5,376,526 over the last quarter. 29.79% of the stock is currently owned by company insiders.

EverQuote Company 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.