Prudential Financial Inc. Cuts Holdings in EverQuote, Inc. (NASDAQ:EVER)

Prudential Financial Inc. reduced its position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 41.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,515 shares of the company's stock after selling 77,100 shares during the period. Prudential Financial Inc. owned 0.31% of EverQuote worth $2,189,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in EverQuote by 255.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company's stock worth $5,072,000 after purchasing an additional 172,785 shares in the last quarter. Quantbot Technologies LP increased its holdings in EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company's stock valued at $74,000 after purchasing an additional 1,874 shares during the period. BNP Paribas Financial Markets lifted its position in shares of EverQuote by 29.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 19,570 shares of the company's stock worth $413,000 after purchasing an additional 4,506 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of EverQuote by 19.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company's stock valued at $177,000 after purchasing an additional 1,363 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of EverQuote during the third quarter valued at $219,000. Institutional investors own 91.54% of the company's stock.

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Insider Buying and Selling

In other news, major shareholder Ventures Lllp Link sold 1,022 shares of EverQuote 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 sale, the insider now owns 3,498,667 shares in the company, valued at approximately $100,586,676.25. The trade was a 0.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Shields sold 2,000 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $20.00, for a total transaction of $40,000.00. Following the sale, the director now owns 28,515 shares of the company's stock, valued at approximately $570,300. This represents a 6.55 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 180,857 shares of company stock valued at $4,992,367. Corporate insiders own 29.79% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on EVER. JPMorgan Chase & Co. lifted 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 shares of EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price objective on the stock in a research report on Thursday, December 26th. Canaccord Genuity Group lowered their price target on EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, February 24th. 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 research report on Tuesday, February 25th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, EverQuote presently has an average rating of "Buy" and an average target price of $32.33.

EverQuote Trading Down 3.0 %

Shares of EVER stock traded down $0.64 during trading hours on Tuesday, hitting $20.51. The company's stock had a trading volume of 825,226 shares, compared to its average volume of 538,528. The stock has a market cap of $732.70 million, a PE ratio of 60.32 and a beta of 0.77. The company has a 50 day moving average of $24.30 and a 200 day moving average of $20.89. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03.

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

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.