Arizona State Retirement System Buys New Shares in EverQuote, Inc. (NASDAQ:EVER)

Arizona State Retirement System purchased a new stake in EverQuote, Inc. (NASDAQ:EVER) during the first quarter, according to its most recent filing with the SEC. The fund purchased 7,729 shares of the company’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of EVER. Divisadero Street Capital Management LP bought a new stake in shares of EverQuote in the 4th quarter valued at about $12,311,000. Freestone Grove Partners LP acquired a new position in EverQuote during the 4th quarter valued at approximately $11,618,000. Point72 Asset Management L.P. increased its stake in EverQuote by 2,301.4% during the 4th quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company’s stock valued at $9,216,000 after purchasing an additional 441,815 shares in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new position in EverQuote during the 1st quarter valued at approximately $8,383,000. Finally, Toronado Partners LLC increased its stake in shares of EverQuote by 59.7% in the fourth quarter. Toronado Partners LLC now owns 718,774 shares of the company’s stock worth $14,368,000 after acquiring an additional 268,670 shares during the period. 91.54% of the stock is currently owned by institutional investors.

EverQuote Price Performance

Shares of EVER opened at $25.66 on Wednesday. The stock has a market cap of $916.58 million, a PE ratio of 25.16 and a beta of 0.34. The firm has a 50-day simple moving average of $24.28 and a two-hundred day simple moving average of $23.34. EverQuote, Inc. has a 1-year low of $16.63 and a 1-year high of $30.03.

Insider Buying and Selling at EverQuote

In other EverQuote news, CEO Jayme Mendal sold 14,360 shares of the business’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $24.20, for a total value of $347,512.00. Following the transaction, the chief executive officer directly owned 558,789 shares of the company’s stock, valued at approximately $13,522,693.80. The trade was a 2.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Joseph Sanborn sold 1,063 shares of the business’s stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $24.13, for a total transaction of $25,650.19. Following the completion of the transaction, the chief financial officer directly owned 261,390 shares in the company, valued at $6,307,340.70. This represents a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,802 shares of company stock worth $1,167,647. 29.79% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $38.00 price target on shares of EverQuote in a report on Tuesday, May 6th. JPMorgan Chase & Co. lifted their target price on shares of EverQuote from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday, May 6th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $32.50.

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.