Wealth Enhancement Advisory Services LLC purchased a new stake in shares of EverQuote, Inc. (NASDAQ:EVER – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,550 shares of the company’s stock, valued at approximately $455,000. Wealth Enhancement Advisory Services LLC owned approximately 0.05% of EverQuote at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in EverQuote during the first quarter valued at about $15,363,000. Emerald Advisers LLC bought a new stake in shares of EverQuote in the first quarter valued at approximately $11,621,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of EverQuote during the 1st quarter valued at approximately $8,383,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in EverQuote by 615.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock worth $8,896,000 after buying an additional 292,172 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in EverQuote by 1,553.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 243,385 shares of the company’s stock valued at $6,464,000 after buying an additional 228,663 shares in the last quarter. 91.54% of the stock is owned by institutional investors.
EverQuote Stock Up 0.2%
NASDAQ:EVER opened at $22.32 on Tuesday. The firm has a market capitalization of $814.90 million, a P/E ratio of 18.00 and a beta of 0.58. The company has a fifty day moving average of $23.69 and a 200 day moving average of $23.99. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of EverQuote in a research report on Saturday, September 27th. Needham & Company LLC restated a “buy” rating and issued a $38.00 price objective on shares of EverQuote in a research report on Tuesday, August 5th. Finally, Wall Street Zen cut shares of EverQuote from a “strong-buy” rating to a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $32.40.
View Our Latest Research Report on EverQuote
Insider Activity
In related news, CEO Jayme Mendal sold 14,360 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $24.53, for a total transaction of $352,250.80. Following the completion of the sale, the chief executive officer owned 498,420 shares of the company’s stock, valued at $12,226,242.60. This trade represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO David Brainard sold 1,291 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $23.50, for a total value of $30,338.50. Following the sale, the chief technology officer owned 126,220 shares in the company, valued at approximately $2,966,170. This represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 951,732 shares of company stock worth $22,238,673. 25.52% of the stock is currently owned by corporate insiders.
EverQuote 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.
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