Wells Fargo & Company MN Cuts Stake in EverQuote, Inc. (NASDAQ:EVER)

Wells Fargo & Company MN lowered its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 85.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,895 shares of the company's stock after selling 72,299 shares during the quarter. Wells Fargo & Company MN's holdings in EverQuote were worth $238,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new position in shares of EverQuote during the 4th quarter valued at $34,000. Asset Management One Co. Ltd. lifted its stake 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 valued at $90,000 after buying an additional 2,042 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in EverQuote in the 4th quarter worth $90,000. AlphaQuest LLC raised its stake in shares of 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 acquiring an additional 2,698 shares during the period. Finally, Intech Investment Management LLC purchased a new position in EverQuote during the 4th quarter worth $236,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Joseph Sanborn sold 1,063 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $26.29, for a total value of $27,946.27. Following the sale, the chief financial officer now owns 270,865 shares in the company, valued at approximately $7,121,040.85. This trade represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Ventures Lllp Link sold 1,022 shares of EverQuote stock in a transaction that occurred 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 directly owns 3,498,667 shares in the company, valued at $100,586,676.25. This represents a 0.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 193,967 shares of company stock valued at $5,278,231 over the last 90 days. 29.79% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on EVER shares. Needham & Company LLC reiterated a "buy" rating and issued a $38.00 price target on shares of EverQuote in a report on Tuesday, May 6th. JPMorgan Chase & Co. raised their target price on shares of EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Finally, Canaccord Genuity Group cut their price objective on EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Five equities research 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, the company has an average rating of "Buy" and an average price target of $32.50.

EverQuote Trading Up 3.7%

Shares of NASDAQ:EVER traded up $0.85 during trading on Monday, hitting $24.05. 299,784 shares of the company's stock were exchanged, compared to its average volume of 548,704. The firm has a market cap of $859.06 million, a P/E ratio of 70.54 and a beta of 0.45. EverQuote, Inc. has a 1-year low of $16.63 and a 1-year high of $30.03. The firm has a 50-day moving average price of $24.48 and a two-hundred day moving average price of $21.37.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.18. The company had revenue of $147.46 million during the quarter, compared to the consensus estimate of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. As a group, research analysts predict that EverQuote, Inc. will post 0.72 EPS for the current 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.