UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 12,118 Shares of EverQuote, Inc. (NASDAQ:EVER)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 34.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,500 shares of the company's stock after acquiring 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of EVER. KLP Kapitalforvaltning AS bought a new stake in shares of EverQuote during the 4th quarter valued at $90,000. Asset Management One Co. Ltd. grew its holdings in 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 buying an additional 2,042 shares in the last quarter. AlphaQuest LLC increased its position in shares of EverQuote by 53.9% during the fourth quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock valued at $154,000 after buying an additional 2,698 shares during the period. Tower Research Capital LLC TRC increased its position in shares of EverQuote by 23.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company's stock valued at $179,000 after buying an additional 1,724 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of EverQuote in the fourth quarter worth about $180,000. 91.54% of the stock is owned by institutional investors.

EverQuote Stock Performance

Shares of EVER traded down $0.45 on Thursday, hitting $25.74. 271,452 shares of the stock traded hands, compared to its average volume of 548,583. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03. The company has a market capitalization of $919.54 million, a PE ratio of 75.71 and a beta of 0.33. The business has a 50 day simple moving average of $23.40 and a 200 day simple moving average of $22.25.

Insider Buying and Selling

In related news, Director John L. Shields sold 2,000 shares of the firm's stock in a transaction on 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 now directly owns 26,515 shares of the company's stock, valued at approximately $554,958.95. This trade represents a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $28.75, for a total value of $29,382.50. Following the transaction, the insider now directly owns 3,498,667 shares of the company's stock, valued at approximately $100,586,676.25. The trade was a 0.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 198,330 shares of company stock valued at $5,376,526. 29.79% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.