Teacher Retirement System of Texas Has $1.40 Million Stake in EverQuote, Inc. (NASDAQ:EVER)

Teacher Retirement System of Texas trimmed its stake in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 60.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,366 shares of the company's stock after selling 80,217 shares during the period. Teacher Retirement System of Texas owned about 0.15% of EverQuote worth $1,398,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. KLP Kapitalforvaltning AS bought a new position in EverQuote in the fourth quarter valued at $90,000. AlphaQuest LLC grew its position in EverQuote by 53.9% in the fourth quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock valued at $154,000 after purchasing an additional 2,698 shares in the last quarter. FNY Investment Advisers LLC bought a new position in EverQuote in the first quarter valued at $157,000. Tower Research Capital LLC TRC grew its position in EverQuote by 23.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company's stock valued at $179,000 after purchasing an additional 1,724 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in EverQuote in the fourth quarter valued at $180,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EVER has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their target price on shares of EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $38.00 target price 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $32.50.

EverQuote Trading Down 0.5%

Shares of EVER traded down $0.13 during midday trading on Wednesday, reaching $24.51. The stock had a trading volume of 234,121 shares, compared to its average volume of 544,354. The firm has a 50 day simple moving average of $24.19 and a 200-day simple moving average of $23.22. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03. The firm has a market cap of $875.50 million, a PE ratio of 24.03 and a beta of 0.34.

Insider Buying and Selling

In related news, General Counsel Julia Brncic sold 1,808 shares of EverQuote stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $24.31, for a total transaction of $43,952.48. Following the completion of the sale, the general counsel owned 123,397 shares of the company's stock, valued at approximately $2,999,781.07. The trade was a 1.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $24.30, for a total transaction of $48,600.00. Following the sale, the director directly owned 31,219 shares of the company's stock, valued at $758,621.70. The trade was a 6.02% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,162 shares of company stock worth $1,474,377. Corporate 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.