Aviva PLC acquired a new position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 32,846 shares of the company's stock, valued at approximately $657,000. Aviva PLC owned 0.09% of EverQuote as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of EverQuote in the 4th quarter worth $34,000. Asset Management One Co. Ltd. grew its holdings in shares of EverQuote by 80.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock valued at $90,000 after purchasing an additional 2,042 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of EverQuote in the fourth quarter valued at $90,000. AlphaQuest LLC grew 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 worth $154,000 after buying an additional 2,698 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of EverQuote during the 3rd quarter worth $219,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at EverQuote
In related news, Director David B. Blundin sold 77,600 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $28.67, for a total value of $2,224,792.00. Following the completion of the sale, the director now directly owns 97,920 shares in the company, valued at approximately $2,807,366.40. This represents a 44.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO David Brainard sold 4,113 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $22.41, for a total value of $92,172.33. Following the transaction, the chief technology officer now directly owns 143,874 shares in the company, valued at $3,224,216.34. This trade represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 179,607 shares of company stock worth $4,969,642 in the last ninety days. Insiders own 29.79% of the company's stock.
Analysts Set New Price Targets
EVER has been the subject of several research analyst reports. Canaccord Genuity Group lowered their target price on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a report on Monday, February 24th. JPMorgan Chase & Co. boosted their price objective on shares of EverQuote from $25.00 to $29.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Needham & Company LLC raised their price target on EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Finally, Raymond James raised shares of EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price objective on the stock in a report on Thursday, December 26th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $32.33.
Check Out Our Latest Stock Analysis on EverQuote
EverQuote Price Performance
EverQuote stock traded up $0.39 during mid-day trading on Tuesday, hitting $20.90. 196,876 shares of the company were exchanged, compared to its average volume of 542,036. The business's 50 day simple moving average is $24.31 and its two-hundred day simple moving average is $20.89. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03. The company has a market capitalization of $746.45 million, a P/E ratio of 61.46 and a beta of 0.77.
EverQuote (NASDAQ:EVER - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The business had revenue of $147.46 million for the quarter, compared to analysts' expectations of $133.83 million. Equities research analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current year.
About EverQuote
(
Free Report)
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.
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