First Horizon Advisors Inc. Cuts Stock Position in EverQuote, Inc. (NASDAQ:EVER)

First Horizon Advisors Inc. cut its stake in shares of EverQuote, Inc. (NASDAQ:EVER) by 40.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,436 shares of the company’s stock after selling 2,319 shares during the period. First Horizon Advisors Inc.’s holdings in EverQuote were worth $42,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. FNY Investment Advisers LLC purchased a new stake in EverQuote during the 4th quarter worth approximately $40,000. Asset Management One Co. Ltd. acquired a new stake in shares of EverQuote in the fourth quarter worth approximately $66,000. Gilbert & Cook Inc. purchased a new stake in shares of EverQuote during the third quarter worth approximately $85,000. NewEdge Wealth LLC purchased a new stake in shares of EverQuote during the fourth quarter worth approximately $264,000. Finally, New York State Common Retirement Fund raised its stake in EverQuote by 15.6% in the 3rd quarter. New York State Common Retirement Fund now owns 42,213 shares of the company’s stock valued at $305,000 after purchasing an additional 5,684 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on EVER. Craig Hallum upped their price objective on shares of EverQuote from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday. Needham & Company LLC upped their price target on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday. Canaccord Genuity Group lifted their price objective on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. B. Riley boosted their price objective on EverQuote from $24.00 to $29.50 and gave the stock a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. raised their target price on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $26.25.

EverQuote Stock Down 5.8 %

Shares of EverQuote stock opened at $23.82 on Thursday. The business’s fifty day simple moving average is $18.53 and its 200-day simple moving average is $13.82. The firm has a market cap of $815.36 million, a PE ratio of -15.64 and a beta of 0.85. EverQuote, Inc. has a 52 week low of $5.36 and a 52 week high of $25.69.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, May 6th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. The company had revenue of $91.07 million for the quarter, compared to analysts’ expectations of $80.36 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. EverQuote’s revenue for the quarter was down 16.6% compared to the same quarter last year. As a group, equities analysts expect that EverQuote, Inc. will post -0.36 earnings per share for the current year.

Insider Buying and Selling

In other EverQuote news, CAO Jon Ayotte sold 2,638 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $16.37, for a total transaction of $43,184.06. Following the sale, the chief accounting officer now directly owns 59,687 shares in the company, valued at approximately $977,076.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Ventures Lllp Link sold 10,422 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $15.43, for a total value of $160,811.46. Following the completion of the transaction, the insider now directly owns 1,858,407 shares of the company’s stock, valued at approximately $28,675,220.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jon Ayotte sold 2,638 shares of EverQuote stock in a transaction on Friday, March 8th. The stock was sold at an average price of $16.37, for a total value of $43,184.06. Following the transaction, the chief accounting officer now directly owns 59,687 shares of the company’s stock, valued at approximately $977,076.19. The disclosure for this sale can be found here. Insiders have sold 524,065 shares of company stock valued at $9,544,076 over the last quarter. Company insiders own 29.79% of the company’s stock.

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.