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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in EverQuote, Inc. (NASDAQ:EVER) by 22.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,382 shares of the company’s stock after selling 10,506 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.10% of EverQuote worth $746,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EVER. nVerses Capital LLC boosted its stake in EverQuote by 41.2% in the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after acquiring an additional 700 shares in the last quarter. Quarry LP lifted its holdings in shares of EverQuote by 215.5% during the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after purchasing an additional 985 shares during the last quarter. CWM LLC boosted its position in shares of EverQuote by 133.2% in the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after purchasing an additional 1,063 shares in the last quarter. Gladius Capital Management LP purchased a new position in EverQuote during the 3rd quarter worth $26,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in EverQuote by 19.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock valued at $177,000 after buying an additional 1,363 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Insider Activity

In related news, Director George R. Neble sold 2,500 shares of the stock in a transaction 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 sale, the director now directly owns 54,970 shares of the company’s stock, valued at approximately $1,067,517.40. This represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO David Brainard sold 1,641 shares of EverQuote stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total transaction of $33,181.02. Following the completion of the transaction, the chief technology officer now directly owns 155,491 shares of the company’s stock, valued at $3,144,028.02. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,306 shares of company stock valued at $443,260 in the last quarter. 29.79% of the stock is currently owned by company insiders.

EverQuote Stock Up 2.4 %

Shares of NASDAQ EVER opened at $17.21 on Friday. EverQuote, Inc. has a 52 week low of $10.21 and a 52 week high of $28.09. The business’s 50 day moving average price is $18.66 and its 200 day moving average price is $20.94. The firm has a market cap of $608.39 million, a P/E ratio of 50.62 and a beta of 0.96.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on EVER shares. JPMorgan Chase & Co. dropped their price target on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. B. Riley dropped their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $31.60.

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.