Corebridge Financial Inc. Sells 941 Shares of EverQuote, Inc. (NASDAQ:EVER)

Corebridge Financial Inc. lessened its holdings in EverQuote, Inc. (NASDAQ:EVER) by 7.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,481 shares of the company’s stock after selling 941 shares during the period. Corebridge Financial Inc.’s holdings in EverQuote were worth $249,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EVER. R Squared Ltd acquired a new stake in shares of EverQuote in the fourth quarter valued at about $34,000. Asset Management One Co. Ltd. raised its position in shares of EverQuote by 80.4% in the 4th 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. KLP Kapitalforvaltning AS bought a new stake in EverQuote in the fourth quarter worth approximately $90,000. AlphaQuest LLC increased its stake in shares of EverQuote by 53.9% in the 4th quarter. AlphaQuest LLC now owns 7,704 shares of the company’s stock valued at $154,000 after acquiring an additional 2,698 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in EverQuote in the third quarter worth $219,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EVER. Canaccord Genuity Group lowered their target price on EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Needham & Company LLC increased their price objective on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. upped their price objective on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. 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 analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $32.33.

Insider Transactions at EverQuote

In other news, Director John L. Shields sold 2,000 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $20.00, for a total transaction of $40,000.00. Following the completion of the sale, the director now directly owns 28,515 shares in the company, valued at approximately $570,300. This represents a 6.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jon Ayotte sold 7,647 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $25.72, for a total value of $196,680.84. Following the transaction, the chief accounting officer now directly owns 58,045 shares of the company’s stock, valued at $1,492,917.40. The trade was a 11.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 179,607 shares of company stock valued at $4,969,642. 29.79% of the stock is owned by corporate insiders.

EverQuote Trading Down 4.4 %

EverQuote stock opened at $20.21 on Friday. The firm has a market capitalization of $721.98 million, a price-to-earnings ratio of 59.44 and a beta of 0.77. EverQuote, Inc. has a 1-year low of $16.63 and a 1-year high of $30.03. The firm has a 50 day simple moving average of $24.34 and a 200 day simple moving average of $20.89.

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

EverQuote Company 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.