Tower Research Capital LLC TRC Increases Stock Holdings in EverQuote, Inc. (NASDAQ:EVER)

Tower Research Capital LLC TRC boosted its position in EverQuote, Inc. (NASDAQ:EVER) by 167.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,712 shares of the company’s stock after purchasing an additional 10,461 shares during the period. Tower Research Capital LLC TRC owned about 0.05% of EverQuote worth $232,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. GMT Capital Corp purchased a new position in shares of EverQuote during the 1st quarter valued at about $581,000. California State Teachers Retirement System lifted its position in shares of EverQuote by 207.4% during the 1st quarter. California State Teachers Retirement System now owns 24,523 shares of the company’s stock valued at $341,000 after buying an additional 16,546 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of EverQuote by 555.1% during the 1st quarter. Federated Hermes Inc. now owns 30,700 shares of the company’s stock valued at $427,000 after buying an additional 26,014 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of EverQuote during the 1st quarter valued at about $72,000. Finally, Premier Fund Managers Ltd purchased a new position in shares of EverQuote during the 1st quarter valued at about $673,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

EverQuote Trading Down 3.1 %

Shares of EVER opened at $5.55 on Friday. The business’s 50 day moving average is $6.60 and its 200 day moving average is $9.50. The company has a market capitalization of $185.20 million, a PE ratio of -5.90 and a beta of 1.12. EverQuote, Inc. has a 12-month low of $5.23 and a 12-month high of $18.86.

Insider Activity at EverQuote

In other EverQuote news, CEO Jayme Mendal sold 9,280 shares of EverQuote stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $8.01, for a total value of $74,332.80. Following the sale, the chief executive officer now owns 354,678 shares of the company’s stock, valued at approximately $2,840,970.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 27,493 shares of company stock valued at $193,503. 38.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on EVER shares. B. Riley lowered their price objective on EverQuote from $8.00 to $6.00 in a research report on Tuesday, August 8th. Needham & Company LLC decreased their target price on EverQuote from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, life, and health insurance. It also engages in online business activities. 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.