KLP Kapitalforvaltning AS Invests $90,000 in EverQuote, Inc. (NASDAQ:EVER)

KLP Kapitalforvaltning AS acquired a new stake in shares of EverQuote, Inc. (NASDAQ:EVER) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 4,500 shares of the company’s stock, valued at approximately $90,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EVER. Charles Schwab Investment Management Inc. lifted its holdings in EverQuote by 255.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock valued at $5,072,000 after purchasing an additional 172,785 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of EverQuote by 10.4% during the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock valued at $12,554,000 after buying an additional 56,114 shares during the period. Counterpoint Mutual Funds LLC boosted its position in EverQuote by 74.3% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 38,053 shares of the company’s stock worth $761,000 after acquiring an additional 16,217 shares during the last quarter. Intech Investment Management LLC purchased a new stake in EverQuote in the 4th quarter worth approximately $236,000. Finally, Barclays PLC grew its stake in EverQuote by 331.2% in the 3rd quarter. Barclays PLC now owns 50,983 shares of the company’s stock worth $1,076,000 after acquiring an additional 39,160 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Insider Transactions at EverQuote

In other news, Director David B. Blundin sold 77,600 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $28.67, for a total value of $2,224,792.00. Following the completion of the sale, the director now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO David Brainard sold 6,609 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $21.49, for a total value of $142,027.41. Following the completion of the sale, the chief technology officer now owns 156,783 shares of the company’s stock, valued at approximately $3,369,266.67. This trade represents a 4.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 179,607 shares of company stock valued at $4,969,642 over the last 90 days. Corporate insiders own 29.79% of the company’s stock.

EverQuote Trading Down 2.4 %

EVER stock opened at $21.15 on Friday. The company has a market cap of $755.56 million, a PE ratio of 62.21 and a beta of 0.77. The stock has a 50-day moving average price of $24.37 and a two-hundred day moving average price of $20.90. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on EVER shares. JPMorgan Chase & Co. increased their price target on EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a research note on Thursday, December 26th. Canaccord Genuity Group dropped their price objective on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Finally, Needham & Company LLC raised their target price on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $32.33.

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.