Legal & General Group Plc Buys 1,012 Shares of EverQuote, Inc. (NASDAQ:EVER)

Legal & General Group Plc boosted its stake in EverQuote, Inc. (NASDAQ:EVER) by 4.8% during the 4th quarter, HoldingsChannel reports. The fund owned 21,985 shares of the company’s stock after acquiring an additional 1,012 shares during the quarter. Legal & General Group Plc’s holdings in EverQuote were worth $439,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EVER. Geode Capital Management LLC lifted its holdings in shares of EverQuote by 10.4% in the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock valued at $12,554,000 after purchasing an additional 56,114 shares in the last quarter. Counterpoint Mutual Funds LLC lifted its stake in EverQuote by 74.3% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 38,053 shares of the company’s stock valued at $761,000 after acquiring an additional 16,217 shares in the last quarter. Intech Investment Management LLC acquired a new position in EverQuote during the 4th quarter worth approximately $236,000. Barclays PLC grew its stake in shares of EverQuote by 331.2% during the 3rd quarter. Barclays PLC now owns 50,983 shares of the company’s stock worth $1,076,000 after acquiring an additional 39,160 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of EverQuote by 3,022.8% in the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock valued at $8,133,000 after purchasing an additional 373,280 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other EverQuote news, CTO David Brainard sold 6,609 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $21.49, for a total transaction of $142,027.41. Following the transaction, the chief technology officer now owns 156,783 shares in the company, valued at $3,369,266.67. This represents a 4.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $28.75, for a total value of $29,382.50. Following the completion of the sale, the insider now owns 3,498,667 shares of the company’s stock, valued at approximately $100,586,676.25. This trade represents a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 193,967 shares of company stock valued at $5,278,231. 29.79% of the stock is owned by company insiders.

EverQuote Price Performance

Shares of EverQuote stock opened at $23.73 on Wednesday. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $30.03. The company has a market capitalization of $847.73 million, a price-to-earnings ratio of 69.79 and a beta of 0.77. The business has a fifty day simple moving average of $24.50 and a two-hundred day simple moving average of $21.06.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.18. The firm had revenue of $147.46 million during the quarter, compared to the consensus estimate of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. As a group, equities analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EVER has been the subject of a number of analyst reports. Canaccord Genuity Group decreased their target price on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Needham & Company LLC raised their price target on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their price target on EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $32.33.

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.