Asset Management One Co. Ltd. Increases Holdings in EverQuote, Inc. (NASDAQ:EVER)

Asset Management One Co. Ltd. grew its holdings in shares of EverQuote, Inc. (NASDAQ:EVER) by 80.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,582 shares of the company’s stock after buying an additional 2,042 shares during the period. Asset Management One Co. Ltd.’s holdings in EverQuote were worth $90,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of EVER. Gladius Capital Management LP purchased a new stake in shares of EverQuote in the 3rd quarter valued at about $26,000. R Squared Ltd purchased a new stake in shares of EverQuote in the 4th quarter valued at about $34,000. Quarry LP lifted its holdings in shares of EverQuote by 100.7% in the 3rd quarter. Quarry LP now owns 2,894 shares of the company’s stock valued at $61,000 after purchasing an additional 1,452 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock valued at $74,000 after purchasing an additional 1,874 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of EverQuote by 143.0% in the 3rd quarter. CWM LLC now owns 4,522 shares of the company’s stock valued at $95,000 after purchasing an additional 2,661 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EverQuote

In other news, CTO David Brainard sold 29,248 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $19.93, for a total transaction of $582,912.64. Following the sale, the chief technology officer now owns 116,212 shares of the company’s stock, valued at $2,316,105.16. The trade was a 20.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Shields sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $20.00, for a total value of $40,000.00. Following the completion of the sale, the director now directly owns 28,515 shares in the company, valued at approximately $570,300. The trade was a 6.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,412 shares of company stock valued at $1,178,790 in the last quarter. 29.79% of the stock is currently owned by corporate insiders.

EverQuote Price Performance

Shares of NASDAQ:EVER opened at $20.78 on Friday. The business’s 50 day simple moving average is $19.69 and its 200-day simple moving average is $20.16. The firm has a market capitalization of $734.42 million, a price-to-earnings ratio of 61.10 and a beta of 0.96. EverQuote, Inc. has a 12 month low of $14.28 and a 12 month high of $28.09.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. B. Riley dropped their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price target on EverQuote from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Finally, Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a research report on Thursday, December 26th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $31.67.

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.