Northwestern Mutual Wealth Management Co. Makes New Investment in EverQuote, Inc. (NASDAQ:EVER)

Northwestern Mutual Wealth Management Co. bought a new position in shares of EverQuote, Inc. (NASDAQ:EVER) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 37,466 shares of the company’s stock, valued at approximately $782,000. Northwestern Mutual Wealth Management Co. owned approximately 0.11% of EverQuote as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EVER. nVerses Capital LLC purchased a new stake in EverQuote during the 2nd quarter valued at about $35,000. CWM LLC grew its position in shares of EverQuote by 133.2% in the second quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after purchasing an additional 1,063 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of EverQuote in the second quarter valued at approximately $76,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in EverQuote during the second quarter worth approximately $147,000. Finally, The Manufacturers Life Insurance Company acquired a new position in EverQuote during the second quarter worth $202,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at EverQuote

In other EverQuote news, CTO David Brainard sold 1,641 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total transaction of $33,181.02. Following the sale, the chief technology officer now directly owns 155,491 shares in the company, valued at $3,144,028.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other EverQuote news, CTO David Brainard sold 1,641 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total value of $33,181.02. Following the completion of the transaction, the chief technology officer now owns 155,491 shares of the company’s stock, valued at $3,144,028.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director David B. Blundin sold 65,718 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $27.08, for a total value of $1,779,643.44. Following the sale, the director now directly owns 192,305 shares in the company, valued at $5,207,619.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 109,029 shares of company stock worth $2,829,083 in the last three months. 29.79% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on EVER. Craig Hallum raised their target price on EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. raised their price objective on shares of EverQuote from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Finally, Needham & Company LLC boosted their target price on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, EverQuote has an average rating of “Buy” and an average target price of $29.58.

EverQuote Stock Performance

Shares of EVER stock opened at $19.74 on Tuesday. The firm has a market cap of $685.47 million, a P/E ratio of -14.36 and a beta of 1.04. The firm’s 50 day moving average price is $22.57 and its 200-day moving average price is $21.79. EverQuote, Inc. has a one year low of $6.64 and a one year high of $28.09.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.03 by $0.14. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. The business had revenue of $117.14 million during the quarter, compared to analyst estimates of $102.81 million. The company’s quarterly revenue was up 72.3% on a year-over-year basis. During the same period last year, the business posted ($0.31) earnings per share. As a group, research analysts predict that EverQuote, Inc. will post 0.57 EPS for the current fiscal year.

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.