EverQuote, Inc. (NASDAQ:EVER) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. raised its stake in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 86.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,372 shares of the company's stock after purchasing an additional 50,591 shares during the period. Franklin Resources Inc. owned 0.31% of EverQuote worth $2,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in EverQuote by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company's stock worth $40,314,000 after purchasing an additional 24,347 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in EverQuote by 32.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company's stock worth $13,076,000 after purchasing an additional 161,426 shares during the period. Geode Capital Management LLC lifted its position in shares of EverQuote by 10.4% during the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company's stock worth $12,554,000 after purchasing an additional 56,114 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of EverQuote by 3,022.8% during the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company's stock valued at $8,133,000 after purchasing an additional 373,280 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of EverQuote by 28.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 309,344 shares of the company's stock worth $6,184,000 after purchasing an additional 68,862 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In other news, CTO David Brainard sold 6,609 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $21.49, for a total transaction of $142,027.41. Following the sale, the chief technology officer now owns 156,783 shares in the company, valued at approximately $3,369,266.67. The trade was a 4.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Shields sold 2,000 shares of the stock in a transaction that occurred 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 $554,958.95. The trade was a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 181,607 shares of company stock valued at $5,011,502. 29.79% of the stock is currently owned by insiders.

EverQuote Trading Up 2.5 %

Shares of EVER traded up $0.52 during trading hours on Tuesday, hitting $21.03. The company had a trading volume of 651,344 shares, compared to its average volume of 544,124. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03. The company's fifty day moving average price is $24.29 and its two-hundred day moving average price is $20.89. The company has a market capitalization of $751.28 million, a PE ratio of 61.85 and a beta of 0.77.

EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.33 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 during the quarter, compared to analyst estimates of $133.83 million. Analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Wall Street Analyst Weigh In

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

EverQuote Profile

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.