EverQuote, Inc. (NASDAQ:EVER) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its position in EverQuote, Inc. (NASDAQ:EVER) by 27.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 35,259 shares of the company’s stock after acquiring an additional 7,499 shares during the quarter. Deutsche Bank AG’s holdings in EverQuote were worth $705,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC increased its position in EverQuote by 105.1% during the 4th quarter. SG Americas Securities LLC now owns 27,281 shares of the company’s stock worth $545,000 after purchasing an additional 13,978 shares in the last quarter. R Squared Ltd acquired a new position in EverQuote during the fourth quarter valued at approximately $34,000. Asset Management One Co. Ltd. grew its stake in EverQuote by 80.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock worth $90,000 after buying an additional 2,042 shares during the period. Rhumbline Advisers increased its position in shares of EverQuote by 4.0% in the fourth quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock worth $698,000 after acquiring an additional 1,332 shares in the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of EverQuote in the fourth quarter worth $341,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EVER has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of EverQuote from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, May 6th. Canaccord Genuity Group cut their price objective on EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Finally, Needham & Company LLC restated a “buy” rating and set a $38.00 price objective on shares of EverQuote in a research note on Tuesday, May 6th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, EverQuote currently has an average rating of “Buy” and a consensus target price of $32.50.

Insider Buying and Selling at EverQuote

In related news, Director David B. Blundin sold 77,600 shares of the company’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $28.67, for a total value of $2,224,792.00. Following the sale, the director now directly owns 97,920 shares of the company’s stock, valued at $2,807,366.40. This represents a 44.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $28.75, for a total transaction of $29,382.50. Following the transaction, the insider now owns 3,498,667 shares in the company, valued at $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. Insiders sold a total of 204,686 shares of company stock valued at $5,543,371 in the last ninety days. Insiders own 29.79% of the company’s stock.

EverQuote Stock Up 3.6%

EVER opened at $23.40 on Wednesday. The firm’s 50 day moving average is $23.83 and its 200-day moving average is $21.82. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $30.03. The firm has a market capitalization of $835.94 million, a P/E ratio of 68.82 and a beta of 0.45.

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

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.