Alliancebernstein L.P. Buys 82,200 Shares of EverQuote, Inc. (NASDAQ:EVER)

Alliancebernstein L.P. increased its stake in EverQuote, Inc. (NASDAQ:EVER) by 308.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 108,890 shares of the company’s stock after acquiring an additional 82,200 shares during the period. Alliancebernstein L.P. owned about 0.31% of EverQuote worth $2,177,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of EverQuote by 10.4% in the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock worth $12,554,000 after purchasing an additional 56,114 shares in the last quarter. Counterpoint Mutual Funds LLC lifted its position in EverQuote by 74.3% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 38,053 shares of the company’s stock worth $761,000 after buying an additional 16,217 shares during the last quarter. Intech Investment Management LLC purchased a new stake in EverQuote in the fourth quarter worth approximately $236,000. Barclays PLC grew its position in EverQuote by 331.2% during the third quarter. Barclays PLC now owns 50,983 shares of the company’s stock valued at $1,076,000 after acquiring an additional 39,160 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of EverQuote by 3,022.8% during the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock worth $8,133,000 after acquiring an additional 373,280 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

EverQuote Stock Performance

EVER opened at $21.89 on Thursday. The stock has a market capitalization of $782.00 million, a PE ratio of 64.38 and a beta of 0.77. The stock’s 50 day moving average price is $24.30 and its 200-day moving average price is $20.90. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $30.03.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The business had revenue of $147.46 million for the quarter, compared to analysts’ expectations of $133.83 million. Research analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Insider Activity at EverQuote

In other news, major shareholder Ventures Lllp Link sold 1,022 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $28.75, for a total transaction of $29,382.50. Following the transaction, the insider now directly owns 3,498,667 shares of the company’s stock, valued at $100,586,676.25. This represents a 0.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Shields sold 2,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $570,300. The trade was a 6.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 181,607 shares of company stock valued at $5,011,502. 29.79% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on EVER shares. JPMorgan Chase & Co. increased their target price on shares of EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Needham & Company LLC raised 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 decreased their price objective on EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Finally, Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price for the company in a report on Thursday, December 26th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, EverQuote has a consensus rating of “Buy” and a consensus price target of $32.33.

EverQuote Company Profile

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.