JPMorgan Chase & Co. Sells 329,380 Shares of EverQuote, Inc. (NASDAQ:EVER)

JPMorgan Chase & Co. cut its holdings in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 85.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,249 shares of the company's stock after selling 329,380 shares during the quarter. JPMorgan Chase & Co. owned 0.16% of EverQuote worth $1,124,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd bought a new position in EverQuote during the 4th quarter worth $34,000. Asset Management One Co. Ltd. grew its holdings in shares of EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock worth $90,000 after purchasing an additional 2,042 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of EverQuote in the fourth quarter worth $90,000. AlphaQuest LLC raised its stake in EverQuote by 53.9% in the fourth quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock valued at $154,000 after purchasing an additional 2,698 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in EverQuote during the fourth quarter worth about $236,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

EverQuote Trading Down 1.7 %

NASDAQ:EVER traded down $0.44 on Friday, reaching $25.78. 283,031 shares of the stock traded hands, compared to its average volume of 549,639. The firm has a market capitalization of $920.93 million, a price-to-earnings ratio of 75.65 and a beta of 0.77. EverQuote, Inc. has a 1-year low of $16.63 and a 1-year high of $30.03. The company's 50 day moving average is $24.69 and its 200-day moving average is $21.13.

EverQuote (NASDAQ:EVER - Get Free Report) last released its earnings results on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.18. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. On average, equities research analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on EVER shares. Canaccord Genuity Group dropped their target price on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. boosted their price target on EverQuote from $25.00 to $29.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Finally, Needham & Company LLC raised their price objective on EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $32.33.

Insiders Place Their Bets

In other news, CTO David Brainard sold 6,609 shares of EverQuote stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $21.49, for a total value of $142,027.41. Following the completion of the sale, the chief technology officer now owns 156,783 shares in the company, valued at $3,369,266.67. The trade was a 4.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $28.75, for a total transaction of $29,382.50. Following the transaction, the insider now owns 3,498,667 shares in the company, valued at $100,586,676.25. The trade was a 0.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 193,967 shares of company stock worth $5,278,231. 29.79% of the stock is owned by corporate insiders.

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.