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

JPMorgan Chase & Co. lessened its stake in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 85.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,249 shares of the company's stock after selling 329,380 shares during the period. JPMorgan Chase & Co. owned 0.16% of EverQuote worth $1,124,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. R Squared Ltd bought a new position in EverQuote during the fourth quarter valued at approximately $34,000. Asset Management One Co. Ltd. raised 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 acquiring an additional 2,042 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of EverQuote during the 4th quarter valued at approximately $90,000. AlphaQuest LLC grew its holdings 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 purchasing an additional 2,698 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in EverQuote in the fourth quarter worth $236,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

EverQuote Trading Up 0.7 %

Shares of NASDAQ:EVER opened at $23.37 on Monday. 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 $834.87 million, a price-to-earnings ratio of 68.74 and a beta of 0.77. The firm's 50-day moving average is $24.45 and its 200 day moving average is $21.02.

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

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, CEO Jayme Mendal sold 14,360 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $21.36, for a total value of $306,729.60. Following the transaction, the chief executive officer now directly owns 587,509 shares in the company, valued at approximately $12,549,192.24. This represents a 2.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $28.75, for a total transaction of $29,382.50. Following the completion of 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 worth $5,278,231 over the last quarter. Company insiders own 29.79% of the company's stock.

EverQuote Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.