EverQuote, Inc. (NASDAQ:EVER) Stake Boosted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 34.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,500 shares of the company's stock after purchasing an additional 12,118 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.13% of EverQuote worth $950,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of EverQuote by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,383 shares of the company's stock valued at $288,000 after acquiring an additional 608 shares during the period. Corton Capital Inc. raised its position in shares of EverQuote by 3.4% during the 4th quarter. Corton Capital Inc. now owns 21,592 shares of the company's stock worth $432,000 after buying an additional 714 shares in the last quarter. Legal & General Group Plc grew its stake in shares of EverQuote by 4.8% in the 4th quarter. Legal & General Group Plc now owns 21,985 shares of the company's stock worth $439,000 after purchasing an additional 1,012 shares during the last quarter. Rhumbline Advisers increased its position in shares of EverQuote by 4.0% in the fourth quarter. Rhumbline Advisers now owns 34,899 shares of the company's stock worth $698,000 after acquiring an additional 1,332 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of EverQuote by 2.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 55,600 shares of the company's stock worth $1,111,000 after purchasing an additional 1,500 shares during the period. Hedge funds and other institutional investors own 91.54% of the company's stock.

Insider Buying and Selling at EverQuote

In other news, CEO Jayme Mendal sold 65,117 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $28.07, for a total transaction of $1,827,834.19. Following the completion of the transaction, the chief executive officer now directly owns 619,156 shares of the company's stock, valued at $17,379,708.92. This represents a 9.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Ventures Lllp Link sold 1,022 shares of EverQuote stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $28.75, for a total transaction of $29,382.50. Following the transaction, the insider now directly owns 3,498,667 shares in the company, valued at $100,586,676.25. This trade represents a 0.03% decrease in their ownership of the stock. 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.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Canaccord Genuity Group reduced their target price on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $38.00 target price on shares of EverQuote in a research note on Tuesday, May 6th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, EverQuote has a consensus rating of "Buy" and an average price target of $32.50.

EverQuote Stock Performance

Shares of NASDAQ EVER traded down $1.08 during mid-day trading on Friday, hitting $24.66. The stock had a trading volume of 286,338 shares, compared to its average volume of 548,214. The business has a 50 day moving average price of $23.48 and a two-hundred day moving average price of $22.28. The firm has a market cap of $880.95 million, a P/E ratio of 72.53 and a beta of 0.33. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $30.03.

About EverQuote

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.