16,824 Shares in EverQuote, Inc. (NASDAQ:EVER) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $441,000 to acquire 16,824 shares in EverQuote, Inc., indicating growing interest from institutional investors.
• EverQuote has seen multiple analyst upgrades, with JPMorgan Chase & Co. raising their price target from $29 to $30, and Needham & Company maintaining a buy rating with a target of $38.
• Insider trading includes sales by key executives; General Counsel Julia Brncic sold 1,808 shares, resulting in a 1.44% decrease in her holdings, reflecting potential caution among insiders.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in EverQuote, Inc. (NASDAQ:EVER - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 16,824 shares of the company's stock, valued at approximately $441,000.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings 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 acquiring an additional 228,663 shares during the period. Concurrent Investment Advisors LLC acquired a new position in shares of EverQuote in the 1st quarter valued at $244,000. GAMMA Investing LLC grew its holdings in shares of EverQuote by 3,600.0% in the 1st quarter. GAMMA Investing LLC now owns 8,695 shares of the company's stock valued at $228,000 after buying an additional 8,460 shares during the period. Emerald Advisers LLC acquired a new position in shares of EverQuote in the 1st quarter valued at $11,621,000. Finally, Jump Financial LLC grew its holdings in shares of EverQuote by 18.2% in the 4th quarter. Jump Financial LLC now owns 72,000 shares of the company's stock valued at $1,439,000 after buying an additional 11,072 shares during the period. Institutional investors own 91.54% of the company's stock.

Insider Buying and Selling

In other news, CFO Joseph Sanborn sold 1,063 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $24.13, for a total value of $25,650.19. Following the sale, the chief financial officer directly owned 261,390 shares of the company's stock, valued at approximately $6,307,340.70. This represents a 0.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Shields sold 2,000 shares of the business's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $24.30, for a total value of $48,600.00. Following the sale, the director owned 31,219 shares of the company's stock, valued at approximately $758,621.70. This represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,162 shares of company stock worth $1,524,781 in the last 90 days. 29.79% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a 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 note on Tuesday. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $32.40.

EverQuote Price Performance

NASDAQ:EVER traded down $1.14 on Thursday, hitting $23.89. 263,081 shares of the company's stock were exchanged, compared to its average volume of 547,751. The firm has a 50-day moving average price of $24.63 and a 200-day moving average price of $23.84. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03. The company has a market cap of $853.27 million, a P/E ratio of 19.27 and a beta of 0.37.

EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. EverQuote had a net margin of 7.57% and a return on equity of 39.38%. The firm had revenue of $156.63 million for the quarter, compared to analysts' expectations of $157.19 million. During the same period in the previous year, the firm posted $0.17 EPS. The company's revenue for the quarter was up 33.7% on a year-over-year basis. On average, research analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

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.