EverQuote, Inc. (NASDAQ:EVER) Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division lessened its holdings in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 49.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,679 shares of the company's stock after selling 18,465 shares during the period. Moody National Bank Trust Division owned 0.05% of EverQuote worth $489,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Counterpoint Mutual Funds LLC grew its stake in EverQuote by 74.3% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 38,053 shares of the company's stock worth $761,000 after buying an additional 16,217 shares during the last quarter. Intech Investment Management LLC purchased a new position in EverQuote during the 4th quarter worth approximately $236,000. Jump Financial LLC grew its stake in EverQuote by 18.2% during the 4th quarter. Jump Financial LLC now owns 72,000 shares of the company's stock worth $1,439,000 after buying an additional 11,072 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake in EverQuote by 24.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 210,700 shares of the company's stock worth $4,212,000 after buying an additional 41,500 shares during the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new position in EverQuote during the 4th quarter worth approximately $2,713,000. Institutional investors and hedge funds own 91.54% of the company's stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research firms have recently issued reports on EVER. JPMorgan Chase & Co. boosted their target price 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 dropped their target price on EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $38.00 target price on shares of EverQuote in a report on Tuesday, May 6th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, EverQuote has a consensus rating of "Buy" and a consensus price target of $32.50.

EverQuote Price Performance

EVER traded up $0.48 during trading on Thursday, reaching $24.61. 358,356 shares of the stock were exchanged, compared to its average volume of 549,234. The business's 50 day moving average price is $23.23 and its two-hundred day moving average price is $22.02. The company has a market capitalization of $879.17 million, a price-to-earnings ratio of 72.38 and a beta of 0.33. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $30.03.

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.