UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in EverQuote, Inc. (NASDAQ:EVER)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in EverQuote, Inc. (NASDAQ:EVER) by 34.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,500 shares of the company’s stock after purchasing an additional 12,118 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of EverQuote worth $950,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Asset Management One Co. Ltd. raised its holdings 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 acquiring an additional 2,042 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in EverQuote in the fourth quarter valued at approximately $90,000. AlphaQuest LLC raised its holdings in 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 acquiring an additional 2,698 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in EverQuote by 23.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company’s stock valued at $179,000 after acquiring an additional 1,724 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in EverQuote in the fourth quarter valued at approximately $180,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Trading Down 0.2%

EVER stock opened at $25.87 on Wednesday. EverQuote, Inc. has a twelve month low of $16.63 and a twelve month high of $30.03. The company’s 50 day moving average is $23.22 and its two-hundred day moving average is $22.18. The stock has a market cap of $924.18 million, a P/E ratio of 76.09 and a beta of 0.33.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of EverQuote from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, May 6th. Needham & Company LLC reissued a “buy” rating and set a $38.00 price objective on shares of EverQuote in a report on Tuesday, May 6th. Finally, Canaccord Genuity Group cut their price objective on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, February 24th. 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 data from MarketBeat.com, EverQuote has an average rating of “Buy” and a consensus target price of $32.50.

Insider Activity

In other news, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction on Monday, April 14th. The shares were sold at an average price of $20.93, for a total value of $41,860.00. Following the transaction, the director now directly owns 26,515 shares of the company’s stock, valued at $554,958.95. The trade was a 7.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO David Brainard sold 1,291 shares of EverQuote stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $23.11, for a total transaction of $29,835.01. Following the completion of the transaction, the chief technology officer now directly owns 141,374 shares in the company, valued at $3,267,153.14. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 198,330 shares of company stock valued at $5,376,526 in the last ninety days. 29.79% of the stock is currently owned by company insiders.

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.