State Street Corp Has $11.14 Million Stock Holdings in EverQuote, Inc. (NASDAQ:EVER)

State Street Corp decreased its holdings in EverQuote, Inc. (NASDAQ:EVER) by 1.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 528,383 shares of the company’s stock after selling 8,148 shares during the period. State Street Corp’s holdings in EverQuote were worth $11,144,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. nVerses Capital LLC boosted its position in shares of EverQuote by 41.2% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after buying an additional 700 shares during the last quarter. Quarry LP increased its position in shares of EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after buying an additional 985 shares during the period. Gladius Capital Management LP purchased a new stake in shares of EverQuote in the third quarter worth $26,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of EverQuote by 19.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock worth $177,000 after buying an additional 1,363 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of EverQuote by 115.1% during 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.

Insider Buying and Selling

In related news, Director George R. Neble sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the sale, the director now directly owns 54,970 shares of the company’s stock, valued at $1,067,517.40. This represents a 4.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO David Brainard sold 14,590 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $17.44, for a total value of $254,449.60. Following the sale, the chief technology officer now owns 137,291 shares in the company, valued at approximately $2,394,355.04. This trade represents a 9.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,306 shares of company stock worth $443,260 in the last 90 days. Insiders own 29.79% of the company’s stock.

EverQuote Trading Up 3.5 %

Shares of NASDAQ EVER opened at $18.32 on Thursday. The stock has a market capitalization of $647.63 million, a PE ratio of 53.88 and a beta of 0.96. The stock’s fifty day simple moving average is $18.50 and its two-hundred day simple moving average is $20.80. EverQuote, Inc. has a 12-month low of $10.21 and a 12-month high of $28.09.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. The firm had revenue of $144.53 million during the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company’s revenue for the quarter was up 162.7% compared to the same quarter last year. During the same period last year, the business posted ($0.40) earnings per share. On average, equities analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EVER. JPMorgan Chase & Co. cut their price objective on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. B. Riley lowered their target price on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Five investment 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 $31.60.

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.