Two Sigma Investments LP increased its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 258.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 177,843 shares of the company's stock after buying an additional 128,194 shares during the quarter. Two Sigma Investments LP owned about 0.50% of EverQuote worth $3,555,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. State of Wyoming raised its position in EverQuote by 51.5% during the fourth quarter. State of Wyoming now owns 11,353 shares of the company's stock valued at $227,000 after buying an additional 3,858 shares during the period. Sherbrooke Park Advisers LLC increased its holdings in shares of EverQuote by 94.7% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 36,282 shares of the company's stock valued at $725,000 after acquiring an additional 17,648 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of EverQuote by 2,301.4% during the 4th quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company's stock valued at $9,216,000 after acquiring an additional 441,815 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of EverQuote by 16.4% during the 4th quarter. Nuveen Asset Management LLC now owns 424,410 shares of the company's stock valued at $8,484,000 after acquiring an additional 59,825 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in EverQuote by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,383 shares of the company's stock valued at $288,000 after purchasing an additional 608 shares during the period. Institutional investors and hedge funds own 91.54% of the company's stock.
Insider Buying and Selling
In other news, CTO David Brainard sold 1,291 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $23.11, for a total transaction of $29,835.01. Following the completion of the transaction, the chief technology officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David B. Blundin sold 77,600 shares of EverQuote stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $28.67, for a total value of $2,224,792.00. Following the completion of the transaction, the director now directly owns 97,920 shares of the company's stock, valued at approximately $2,807,366.40. This trade represents a 44.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 198,330 shares of company stock valued at $5,376,526 over the last 90 days. 29.79% of the stock is owned by corporate insiders.
EverQuote Price Performance
NASDAQ EVER traded up $0.37 during trading on Tuesday, reaching $24.28. 434,574 shares of the company's stock were exchanged, compared to its average volume of 550,481. The business has a 50 day moving average price of $23.31 and a 200-day moving average price of $21.96. The stock has a market capitalization of $867.38 million, a P/E ratio of 71.41 and a beta of 0.45. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03.
Wall Street Analyst Weigh In
A number of analysts have commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $38.00 price objective on shares of EverQuote in a research report on Tuesday, May 6th. Canaccord Genuity Group cut their price objective on EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. lifted their price objective on EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $32.50.
Check Out Our Latest Stock Report on EverQuote
EverQuote Profile
(
Free Report)
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.
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