21,536 Shares in EverQuote, Inc. (NASDAQ:EVER) Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC bought a new position in shares of EverQuote, Inc. (NASDAQ:EVER) during the fourth quarter, HoldingsChannel.com reports. The firm bought 21,536 shares of the company’s stock, valued at approximately $264,000.

Other hedge funds have also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in EverQuote during the fourth quarter worth approximately $40,000. Citigroup Inc. boosted its holdings in shares of EverQuote by 1,200.2% in the 2nd quarter. Citigroup Inc. now owns 6,371 shares of the company’s stock valued at $41,000 after purchasing an additional 5,881 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of EverQuote by 52.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 5,755 shares of the company’s stock valued at $42,000 after purchasing an additional 1,981 shares during the last quarter. State of Wyoming acquired a new position in shares of EverQuote in the 4th quarter valued at $42,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of EverQuote by 35.9% in the 2nd quarter. Osaic Holdings Inc. now owns 6,573 shares of the company’s stock valued at $43,000 after purchasing an additional 1,735 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Insider Activity

In other news, Director David B. Blundin sold 89,177 shares of the firm’s stock in a transaction on 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 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 SEC, which is accessible through this hyperlink. In other news, Director David B. Blundin sold 89,177 shares of the firm’s stock in a transaction on 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 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 SEC, which is accessible through this hyperlink. Also, CFO Joseph Sanborn sold 8,051 shares of EverQuote stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $20.00, for a total transaction of $161,020.00. Following the sale, the chief financial officer now directly owns 220,986 shares in the company, valued at approximately $4,419,720. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 408,118 shares of company stock valued at $7,155,142. Company insiders own 38.46% of the company’s stock.

Analyst Upgrades and Downgrades

EVER has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. B. Riley lifted their price target on shares of EverQuote from $18.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, Needham & Company LLC lifted their price target on shares of EverQuote from $15.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, EverQuote currently has a consensus rating of “Buy” and an average price target of $20.80.

EverQuote Trading Down 3.6 %

Shares of EVER stock opened at $18.12 on Friday. The company’s fifty day simple moving average is $17.42 and its 200-day simple moving average is $12.59. EverQuote, Inc. has a 52 week low of $5.36 and a 52 week high of $20.74. The company has a market cap of $620.25 million, a PE ratio of -11.77 and a beta of 0.90.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, February 26th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.12. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. The business had revenue of $55.71 million for the quarter, compared to the consensus estimate of $49.89 million. Equities research analysts expect 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.