Asset Management One Co. Ltd. Buys New Shares in EverQuote, Inc. (NASDAQ:EVER)

Asset Management One Co. Ltd. bought a new stake in shares of EverQuote, Inc. (NASDAQ:EVER) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 5,024 shares of the company’s stock, valued at approximately $66,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of EVER. Advisor Group Holdings Inc. increased its stake in EverQuote by 398.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,992 shares of the company’s stock valued at $48,000 after purchasing an additional 2,392 shares in the last quarter. Swiss National Bank increased its stake in EverQuote by 10.0% during the 1st quarter. Swiss National Bank now owns 43,900 shares of the company’s stock valued at $710,000 after purchasing an additional 4,000 shares in the last quarter. Raymond James & Associates bought a new stake in EverQuote during the 1st quarter valued at $461,000. Bank of New York Mellon Corp increased its stake in EverQuote by 79.9% during the 1st quarter. Bank of New York Mellon Corp now owns 106,237 shares of the company’s stock valued at $1,718,000 after purchasing an additional 47,176 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in EverQuote by 54.2% during the 1st quarter. MetLife Investment Management LLC now owns 9,721 shares of the company’s stock valued at $157,000 after purchasing an additional 3,416 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. B. Riley boosted their price target on shares of EverQuote from $18.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Needham & Company LLC upped their target price on shares of EverQuote from $15.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, EverQuote presently has an average rating of “Moderate Buy” and a consensus target price of $20.80.

Insider Buying and Selling

In related news, Director David B. Blundin sold 89,177 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $15.00, for a total value of $1,337,655.00. Following the transaction, the director now directly owns 802,589 shares of the company’s stock, valued at approximately $12,038,835. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Ventures Lllp Link sold 91,838 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $19.37, for a total value of $1,778,902.06. Following the transaction, the insider now directly owns 1,649,044 shares of the company’s stock, valued at approximately $31,941,982.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David B. Blundin sold 89,177 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $15.00, for a total transaction of $1,337,655.00. Following the sale, the director now directly owns 802,589 shares in the company, valued at $12,038,835. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 407,073 shares of company stock valued at $7,134,242. 38.46% of the stock is owned by insiders.

EverQuote Price Performance

NASDAQ EVER opened at $19.97 on Monday. EverQuote, Inc. has a 1 year low of $5.36 and a 1 year high of $20.34. The firm has a market cap of $683.57 million, a price-to-earnings ratio of -12.97 and a beta of 0.90. The company has a fifty day moving average price of $16.99 and a 200-day moving average price of $12.34.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, February 26th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.12. The company had revenue of $55.71 million for the quarter, compared to the consensus estimate of $49.89 million. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. On average, research analysts anticipate that EverQuote, Inc. will post -0.43 EPS for the current fiscal year.

About EverQuote

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.