Swiss National Bank Raises Stock Holdings in EverQuote, Inc. (NASDAQ:EVER)

Swiss National Bank increased its stake in EverQuote, Inc. (NASDAQ:EVER) by 15.6% during the 4th quarter, Holdings Channel reports. The firm owned 52,600 shares of the company’s stock after purchasing an additional 7,100 shares during the quarter. Swiss National Bank’s holdings in EverQuote were worth $1,051,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new position in shares of EverQuote during the fourth quarter valued at about $34,000. Quarry LP raised its stake in EverQuote by 100.7% in the third quarter. Quarry LP now owns 2,894 shares of the company’s stock worth $61,000 after buying an additional 1,452 shares in the last quarter. Quantbot Technologies LP lifted its holdings in EverQuote by 115.1% in the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after buying an additional 1,874 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock worth $90,000 after acquiring an additional 2,042 shares during the period. Finally, AlphaQuest LLC lifted its stake in shares of EverQuote by 53.9% in the 4th quarter. AlphaQuest LLC now owns 7,704 shares of the company’s stock valued at $154,000 after purchasing an additional 2,698 shares during the period. 91.54% of the stock is currently owned by institutional investors.

EverQuote Stock Down 4.3 %

NASDAQ:EVER opened at $26.88 on Friday. The stock has a market cap of $960.26 million, a price-to-earnings ratio of 79.06 and a beta of 1.01. The company’s 50 day moving average price is $23.60 and its 200-day moving average price is $20.81. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.18. The business had revenue of $147.46 million during the quarter, compared to analyst estimates of $133.83 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. As a group, sell-side analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Analysts Set New Price Targets

EVER has been the subject of several research reports. Canaccord Genuity Group decreased their price target on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Needham & Company LLC boosted their price target on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. raised their price objective on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Finally, Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a report on Thursday, December 26th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, EverQuote presently has an average rating of “Buy” and an average target price of $32.33.

Insider Buying and Selling at EverQuote

In related news, CTO David Brainard sold 3,675 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $19.52, for a total transaction of $71,736.00. Following the completion of the sale, the chief technology officer now owns 108,244 shares in the company, valued at approximately $2,112,922.88. This represents a 3.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $28.75, for a total value of $29,382.50. Following the completion of the transaction, the insider now directly owns 3,498,667 shares in the company, valued at $100,586,676.25. The trade was a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 180,548 shares of company stock worth $4,967,872. Company insiders own 29.79% of the company’s stock.

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.