4,500 Shares in EverQuote, Inc. (NASDAQ:EVER) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in EverQuote, Inc. (NASDAQ:EVER) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,500 shares of the company’s stock, valued at approximately $90,000.

Several other large investors have also modified their holdings of EVER. R Squared Ltd purchased a new stake in EverQuote in the 4th quarter valued at $34,000. Asset Management One Co. Ltd. increased its stake in EverQuote by 80.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock valued at $90,000 after purchasing an additional 2,042 shares during the period. AlphaQuest LLC raised its holdings in shares of EverQuote by 53.9% in the fourth quarter. AlphaQuest LLC now owns 7,704 shares of the company’s stock valued at $154,000 after buying an additional 2,698 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of EverQuote during the third quarter worth about $219,000. Finally, Intech Investment Management LLC acquired a new stake in shares of EverQuote during the fourth quarter worth about $236,000. 91.54% of the stock is owned by institutional investors and hedge funds.

EverQuote Price Performance

Shares of EVER stock opened at $21.15 on Friday. EverQuote, Inc. has a 1-year low of $16.63 and a 1-year high of $30.03. The business’s fifty day moving average price is $24.37 and its 200 day moving average price is $20.90. The firm has a market capitalization of $755.56 million, a PE ratio of 62.21 and a beta of 0.77.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, topping 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 business had revenue of $147.46 million for the quarter, compared to analysts’ expectations of $133.83 million. Equities research analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling at EverQuote

In related news, Director John L. Shields sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $20.00, for a total value of $40,000.00. Following the completion of the transaction, the director now directly owns 28,515 shares of the company’s stock, valued at $570,300. This trade represents a 6.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO David Brainard sold 4,113 shares of the business’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $22.41, for a total value of $92,172.33. Following the sale, the chief technology officer now owns 143,874 shares in the company, valued at approximately $3,224,216.34. The trade was a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 179,607 shares of company stock valued at $4,969,642. Corporate insiders own 29.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Needham & Company LLC upped their price objective on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Canaccord Genuity Group cut their price target on EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 24th. 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. Finally, JPMorgan Chase & Co. upped their price objective 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. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $32.33.

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.