Teacher Retirement System of Texas Lowers Stock Holdings in EverQuote, Inc. (NASDAQ:EVER)

Teacher Retirement System of Texas reduced its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 60.1% in the 1st quarter, according to its most recent filing with the SEC. 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lisanti Capital Growth LLC purchased a new stake in EverQuote during the 1st quarter worth $2,846,000. Allspring Global Investments Holdings LLC boosted its position in EverQuote by 1,553.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 243,385 shares of the company's stock worth $6,464,000 after purchasing an additional 228,663 shares during the period. Spire Wealth Management purchased a new stake in EverQuote during the 1st quarter worth $866,000. FNY Investment Advisers LLC purchased a new stake in EverQuote during the 1st quarter worth $157,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in EverQuote during the 1st quarter worth $315,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

EverQuote Stock Performance

Shares of NASDAQ:EVER opened at $24.36 on Friday. The stock has a fifty day moving average of $24.19 and a 200-day moving average of $23.15. The company has a market capitalization of $870.14 million, a PE ratio of 23.88 and a beta of 0.34. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $38.00 price target on shares of EverQuote in a research report on Tuesday, May 6th. JPMorgan Chase & Co. upped their price objective 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. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, EverQuote has a consensus rating of "Buy" and an average price target of $32.50.

Insiders Place Their Bets

In other EverQuote news, Director John L. Shields sold 2,000 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $20.93, for a total transaction of $41,860.00. Following the completion of the transaction, the director owned 26,515 shares in the company, valued at $554,958.95. This trade represents a 7.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jayme Mendal sold 14,360 shares of EverQuote stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $24.20, for a total transaction of $347,512.00. Following the completion of the transaction, the chief executive officer owned 558,789 shares of the company's stock, valued at $13,522,693.80. This trade represents a 2.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,162 shares of company stock valued at $1,467,637 in the last quarter. 29.79% of the stock is currently owned by insiders.

EverQuote 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.