State Street Corp Sells 8,148 Shares of EverQuote, Inc. (NASDAQ:EVER)

State Street Corp cut its stake in EverQuote, Inc. (NASDAQ:EVER) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 528,383 shares of the company’s stock after selling 8,148 shares during the period. State Street Corp owned about 1.51% of EverQuote worth $11,144,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EVER. Gladius Capital Management LP purchased a new stake in EverQuote in the third quarter worth $26,000. Quarry LP lifted its holdings in EverQuote by 215.5% in the second quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after acquiring an additional 985 shares during the period. nVerses Capital LLC purchased a new position in shares of EverQuote during the 2nd quarter worth $35,000. Quantbot Technologies LP increased its holdings in EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after acquiring an additional 1,874 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in EverQuote in the 2nd quarter worth approximately $76,000. 91.54% of the stock is currently owned by institutional investors.

Insider Activity

In other EverQuote news, Director George R. Neble sold 2,500 shares of EverQuote stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the transaction, the director now directly owns 54,970 shares in the company, valued at approximately $1,067,517.40. The trade was a 4.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $33,181.02. Following the completion of the transaction, the chief technology officer now owns 155,491 shares in the company, valued at $3,144,028.02. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,306 shares of company stock worth $443,260. 29.79% of the stock is currently owned by insiders.

EverQuote Stock Performance

EverQuote stock opened at $18.32 on Thursday. EverQuote, Inc. has a fifty-two week low of $10.21 and a fifty-two week high of $28.09. The firm has a market capitalization of $647.63 million, a price-to-earnings ratio of 53.88 and a beta of 0.96. The stock’s fifty day moving average is $18.50 and its two-hundred day moving average is $20.80.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The firm had revenue of $144.53 million during the quarter, compared to analyst estimates of $140.30 million. During the same quarter in the prior year, the business posted ($0.40) earnings per share. EverQuote’s revenue for the quarter was up 162.7% compared to the same quarter last year. As a group, sell-side analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EVER. JPMorgan Chase & Co. dropped their price objective on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. B. Riley decreased their price objective on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, EverQuote presently has an average rating of “Buy” and an average price target of $31.60.

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.