Nuveen Asset Management LLC Buys 59,825 Shares of EverQuote, Inc. (NASDAQ:EVER)

Nuveen Asset Management LLC grew its stake in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 16.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 424,410 shares of the company's stock after acquiring an additional 59,825 shares during the quarter. Nuveen Asset Management LLC owned about 1.20% of EverQuote worth $8,484,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EVER. SG Americas Securities LLC boosted its holdings in shares of EverQuote by 105.1% during the 4th quarter. SG Americas Securities LLC now owns 27,281 shares of the company's stock valued at $545,000 after acquiring an additional 13,978 shares during the last quarter. R Squared Ltd purchased a new stake in shares of EverQuote during the 4th quarter valued at about $34,000. Asset Management One Co. Ltd. boosted its holdings in shares of EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock valued at $90,000 after acquiring an additional 2,042 shares during the last quarter. Rhumbline Advisers boosted 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. Finally, Ieq Capital LLC purchased a new stake in shares of EverQuote during the 4th quarter valued at about $341,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Canaccord Genuity Group dropped their price objective 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. JPMorgan Chase & Co. raised their price objective on shares of EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $38.00 price objective on shares of EverQuote in a 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.com, the company currently has an average rating of "Buy" and an average price target of $32.50.

EverQuote Price Performance

Shares of EVER traded up $0.86 on Monday, reaching $23.91. The company's stock had a trading volume of 395,065 shares, compared to its average volume of 550,643. The stock has a market capitalization of $854.16 million, a P/E ratio of 70.32 and a beta of 0.45. The stock's 50 day simple moving average is $23.39 and its two-hundred day simple moving average is $21.94. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03.

Insiders Place Their Bets

In other news, CTO David Brainard sold 1,291 shares of EverQuote stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $23.11, for a total transaction of $29,835.01. Following the sale, the chief technology officer now owns 141,374 shares in the company, valued at $3,267,153.14. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Ventures Lllp Link sold 1,022 shares of EverQuote stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $28.75, for a total transaction of $29,382.50. Following the sale, the insider now owns 3,498,667 shares in the company, valued at approximately $100,586,676.25. The trade was a 0.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 198,330 shares of company stock worth $5,376,526. Company 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.