EverQuote, Inc. (NASDAQ:EVER) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its holdings in EverQuote, Inc. (NASDAQ:EVERFree Report) by 30.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 587,491 shares of the company’s stock after selling 262,941 shares during the period. Wells Fargo & Company MN owned about 1.74% of EverQuote worth $7,191,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Earnest Partners LLC raised its stake in EverQuote by 44.2% in the third quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock valued at $13,980,000 after buying an additional 592,262 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in EverQuote by 193.7% in the third quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock valued at $5,183,000 after buying an additional 472,821 shares in the last quarter. Acadian Asset Management LLC raised its stake in EverQuote by 21.3% in the third quarter. Acadian Asset Management LLC now owns 220,251 shares of the company’s stock valued at $1,592,000 after buying an additional 38,663 shares in the last quarter. B. Riley Asset Management LLC acquired a new stake in EverQuote in the third quarter valued at $723,000. Finally, New York State Common Retirement Fund raised its stake in EverQuote by 25.6% in the fourth quarter. New York State Common Retirement Fund now owns 53,026 shares of the company’s stock valued at $649,000 after buying an additional 10,813 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EverQuote

In other EverQuote news, major shareholder Ventures Lllp Link sold 2,573 shares of EverQuote stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $20.48, for a total value of $52,695.04. Following the sale, the insider now owns 1,562,990 shares of the company’s stock, valued at approximately $32,010,035.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other EverQuote news, Director David B. Blundin sold 33,560 shares of EverQuote stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $18.60, for a total value of $624,216.00. Following the sale, the director now owns 1,615,484 shares of the company’s stock, valued at approximately $30,048,002.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Ventures Lllp Link sold 2,573 shares of EverQuote stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total value of $52,695.04. Following the completion of the sale, the insider now directly owns 1,562,990 shares in the company, valued at approximately $32,010,035.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 370,320 shares of company stock valued at $7,215,091. 29.79% of the stock is owned by corporate insiders.

EverQuote Stock Up 0.7 %

NASDAQ EVER opened at $23.36 on Friday. EverQuote, Inc. has a 52-week low of $5.36 and a 52-week high of $25.69. The business’s 50-day moving average price is $21.45 and its 200 day moving average price is $16.17. The firm has a market cap of $811.06 million, a P/E ratio of -16.57 and a beta of 1.00.

EverQuote (NASDAQ:EVERGet Free Report) last released its quarterly earnings results on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. EverQuote had a negative return on equity of 31.65% and a negative net margin of 17.37%. The firm had revenue of $91.07 million for the quarter, compared to analyst estimates of $80.36 million. During the same quarter last year, the company posted ($0.08) earnings per share. The business’s revenue was down 16.6% on a year-over-year basis. As a group, analysts anticipate that EverQuote, Inc. will post 0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EVER has been the topic of several research reports. Craig Hallum raised their price objective on EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. raised their price objective on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. B. Riley raised their price objective on EverQuote from $24.00 to $29.50 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Needham & Company LLC raised their price objective on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, Canaccord Genuity Group raised their price objective on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $26.25.

Check Out Our Latest Research Report on EVER

EverQuote Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding EVER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EverQuote, Inc. (NASDAQ:EVERFree Report).

Institutional Ownership by Quarter for EverQuote (NASDAQ:EVER)

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