Bank of New York Mellon Corp Buys 7,412 Shares of EverQuote, Inc. (NASDAQ:EVER)

Bank of New York Mellon Corp grew its stake in shares of EverQuote, Inc. (NASDAQ:EVER) by 12.0% during the fourth quarter, HoldingsChannel reports. The firm owned 69,348 shares of the company’s stock after purchasing an additional 7,412 shares during the quarter. Bank of New York Mellon Corp’s holdings in EverQuote were worth $1,386,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Ieq Capital LLC bought a new stake in EverQuote during the fourth quarter worth about $341,000. Rhumbline Advisers boosted its stake in EverQuote by 4.0% during 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. Asset Management One Co. Ltd. boosted 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 acquiring an additional 2,042 shares in the last quarter. R Squared Ltd bought a new stake in EverQuote during the fourth quarter worth about $34,000. Finally, Inspire Investing LLC boosted its stake in EverQuote by 25.8% during the fourth quarter. Inspire Investing LLC now owns 48,148 shares of the company’s stock worth $962,000 after acquiring an additional 9,868 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EVER shares. Needham & Company LLC boosted their price objective on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. upped their target price on shares of EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Canaccord Genuity Group dropped their target price on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Finally, Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research note on Thursday, December 26th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $32.33.

Insider Activity

In other EverQuote news, CTO David Brainard sold 2,238 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $26.14, for a total transaction of $58,501.32. Following the completion of the sale, the chief technology officer now directly owns 153,336 shares of the company’s stock, valued at approximately $4,008,203.04. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Shields sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $20.00, for a total transaction of $40,000.00. Following the sale, the director now directly owns 28,515 shares of the company’s stock, valued at approximately $570,300. This represents a 6.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 122,428 shares of company stock valued at $3,045,162 over the last three months. Insiders own 29.79% of the company’s stock.

EverQuote Stock Up 2.4 %

EVER opened at $28.71 on Monday. The firm has a 50 day moving average price of $22.60 and a 200-day moving average price of $20.58. EverQuote, Inc. has a twelve month low of $16.63 and a twelve month high of $29.07. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 84.44 and a beta of 1.01.

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