Jackson Creek Investment Advisors LLC Takes $1.52 Million Position in EverQuote, Inc. (NASDAQ:EVER)

Jackson Creek Investment Advisors LLC bought a new position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 58,167 shares of the company's stock, valued at approximately $1,523,000. Jackson Creek Investment Advisors LLC owned 0.16% of EverQuote at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new position in shares of EverQuote during the fourth quarter valued at about $90,000. FNY Investment Advisers LLC bought a new position in shares of EverQuote in the first quarter worth approximately $157,000. Arizona State Retirement System bought a new position in shares of EverQuote in the first quarter worth approximately $202,000. Linden Thomas Advisory Services LLC purchased a new position in shares of EverQuote during the first quarter valued at approximately $216,000. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of EverQuote during the first quarter valued at approximately $225,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

EverQuote Trading Up 0.7%

Shares of NASDAQ:EVER traded up $0.17 during trading on Monday, reaching $24.95. The stock had a trading volume of 91,128 shares, compared to its average volume of 541,684. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03. The company has a market capitalization of $891.21 million, a P/E ratio of 24.50 and a beta of 0.34. The firm's 50-day simple moving average is $24.28 and its 200 day simple moving average is $23.34.

Analyst Ratings Changes

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. 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 research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $32.50.

Insiders Place Their Bets

In related news, 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 value of $48,600.00. Following the completion of the sale, the director directly owned 31,219 shares in the company, valued at $758,621.70. This trade represents a 6.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Joseph Sanborn sold 1,063 shares of EverQuote stock in a transaction that occurred on 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 of the company's stock, valued at $6,307,340.70. This trade represents a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,802 shares of company stock worth $1,167,647. Insiders own 29.79% of the company's stock.

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.