Prudential Financial Inc. Has $3.01 Million Holdings in EverQuote, Inc. $EVER

Prudential Financial Inc. raised its position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 50.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,354 shares of the company's stock after buying an additional 41,679 shares during the period. Prudential Financial Inc. owned about 0.35% of EverQuote worth $3,007,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of EVER. Acadian Asset Management LLC increased its holdings in EverQuote by 1.2% during the 2nd quarter. Acadian Asset Management LLC now owns 866,481 shares of the company's stock valued at $20,939,000 after purchasing an additional 10,233 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of EverQuote by 3.8% during the second quarter. Geode Capital Management LLC now owns 650,471 shares of the company's stock worth $15,730,000 after purchasing an additional 23,582 shares during the last quarter. Emerald Advisers LLC increased its stake in shares of EverQuote by 39.6% in the second quarter. Emerald Advisers LLC now owns 619,585 shares of the company's stock valued at $14,982,000 after buying an additional 175,884 shares in the last quarter. Nuveen LLC bought a new position in shares of EverQuote in the first quarter valued at about $15,363,000. Finally, Hennessy Advisors Inc. acquired a new position in EverQuote during the 2nd quarter worth about $10,170,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction on Monday, October 13th. The shares were sold at an average price of $20.78, for a total transaction of $41,560.00. Following the transaction, the director directly owned 27,219 shares of the company's stock, valued at $565,610.82. This trade represents a 6.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO David Brainard sold 1,291 shares of the company's stock in a transaction on Friday, November 28th. The shares were sold at an average price of $26.40, for a total transaction of $34,082.40. Following the completion of the sale, the chief technology officer owned 112,661 shares of the company's stock, valued at approximately $2,974,250.40. This represents a 1.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 60,833 shares of company stock valued at $1,389,247. Insiders own 25.52% of the company's stock.

EverQuote Stock Up 0.8%

EVER stock opened at $27.15 on Wednesday. The business's fifty day moving average is $23.01 and its 200-day moving average is $23.76. The company has a market cap of $976.31 million, a P/E ratio of 18.99 and a beta of 0.46. EverQuote, Inc. has a twelve month low of $16.63 and a twelve month high of $30.03.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.13. The business had revenue of $173.94 million during the quarter, compared to analysts' expectations of $166.09 million. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.The firm's quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 earnings per share. Research analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on EVER. JPMorgan Chase & Co. raised their price objective on shares of EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Tuesday, November 4th. Needham & Company LLC increased their price objective on EverQuote from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Tuesday, November 4th. Wall Street Zen cut EverQuote from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 1st. Zacks Research raised EverQuote from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of EverQuote in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, EverQuote currently has an average rating of "Buy" and an average target price of $33.75.

Get Our Latest Analysis on EVER

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.

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