Northern Trust Corp Acquires 28,536 Shares of EverQuote, Inc. (NASDAQ:EVER)

Northern Trust Corp boosted its holdings in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 255,641 shares of the company's stock after acquiring an additional 28,536 shares during the quarter. Northern Trust Corp owned approximately 0.72% of EverQuote worth $5,110,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its position in EverQuote by 4.8% during the fourth quarter. Legal & General Group Plc now owns 21,985 shares of the company's stock worth $439,000 after buying an additional 1,012 shares during the last quarter. Rhumbline Advisers increased its holdings 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. Canada Pension Plan Investment Board increased its holdings in shares of EverQuote by 2.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 55,600 shares of the company's stock valued at $1,111,000 after acquiring an additional 1,500 shares during the last quarter. R Squared Ltd bought a new position in shares of EverQuote in the 4th quarter valued at approximately $34,000. Finally, Tower Research Capital LLC TRC lifted its holdings in 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 last quarter. 91.54% of the stock is owned by institutional investors.

EverQuote Price Performance

EVER stock traded down $0.06 on Monday, reaching $22.59. 412,667 shares of the company were exchanged, compared to its average volume of 552,150. The firm has a market capitalization of $807.01 million, a PE ratio of 66.44 and a beta of 0.45. EverQuote, Inc. has a 12 month low of $16.63 and a 12 month high of $30.03. The stock's fifty day moving average price is $23.93 and its 200 day moving average price is $21.81.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.18. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business had revenue of $147.46 million during the quarter, compared to analyst estimates of $133.83 million. As a group, research analysts expect that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EVER has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on 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 target price on shares of EverQuote in a research note on Tuesday, May 6th. Finally, Canaccord Genuity Group dropped their target price on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, EverQuote presently has a consensus rating of "Buy" and a consensus price target of $32.50.

Insider Transactions at EverQuote

In other EverQuote news, CFO Joseph Sanborn sold 1,063 shares of EverQuote stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $26.29, for a total transaction of $27,946.27. Following the sale, the chief financial officer now directly owns 270,865 shares of the company's stock, valued at approximately $7,121,040.85. The trade was a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $28.75, for a total value of $29,382.50. Following the completion of the sale, the insider now owns 3,498,667 shares in the company, valued at approximately $100,586,676.25. This represents a 0.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 206,924 shares of company stock valued at $5,601,873. 29.79% of the stock is owned by corporate 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.