UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Position in EverQuote, Inc. (NASDAQ:EVER)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of EverQuote, Inc. (NASDAQ:EVER) by 22.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 35,382 shares of the company’s stock after selling 10,506 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in EverQuote were worth $746,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EVER. Gladius Capital Management LP acquired a new position in EverQuote during the third quarter worth $26,000. Quarry LP increased its stake in shares of EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 985 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of EverQuote during the second quarter worth about $35,000. CWM LLC raised its position in shares of EverQuote by 133.2% during the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after purchasing an additional 1,063 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in 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 buying an additional 1,874 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. JPMorgan Chase & Co. cut their price objective on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. B. Riley reduced their price objective on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, EverQuote currently has an average rating of “Buy” and a consensus price target of $31.60.

Insider Activity at EverQuote

In related news, CTO David Brainard sold 1,641 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02. Following the completion of the sale, the chief technology officer now directly owns 155,491 shares of the company’s stock, valued at approximately $3,144,028.02. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George R. Neble sold 2,500 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the completion of the transaction, the director now directly owns 54,970 shares in the company, valued at $1,067,517.40. The trade was a 4.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,306 shares of company stock worth $443,260. Insiders own 29.79% of the company’s stock.

EverQuote Stock Up 2.4 %

NASDAQ EVER opened at $17.21 on Friday. EverQuote, Inc. has a 52 week low of $10.21 and a 52 week high of $28.09. The business’s fifty day simple moving average is $18.66 and its 200-day simple moving average is $20.94. The firm has a market cap of $608.39 million, a PE ratio of 50.62 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The company had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. During the same period in the previous year, the business posted ($0.40) EPS. EverQuote’s revenue was up 162.7% on a year-over-year basis. Research analysts expect that EverQuote, Inc. will post 0.72 EPS for the current year.

About EverQuote

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.