EverQuote, Inc. (NASDAQ:EVER) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 1,553.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 243,385 shares of the company's stock after buying an additional 228,663 shares during the period. Allspring Global Investments Holdings LLC owned 0.68% of EverQuote worth $6,464,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EVER. Divisadero Street Capital Management LP purchased a new stake in shares of EverQuote in the 4th quarter valued at approximately $12,311,000. Freestone Grove Partners LP purchased a new stake in shares of EverQuote in the 4th quarter valued at approximately $11,618,000. Point72 Asset Management L.P. grew its stake in shares of EverQuote by 2,301.4% in the 4th quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company's stock valued at $9,216,000 after buying an additional 441,815 shares during the period. Toronado Partners LLC grew its stake in shares of EverQuote by 59.7% in the 4th quarter. Toronado Partners LLC now owns 718,774 shares of the company's stock valued at $14,368,000 after buying an additional 268,670 shares during the period. Finally, Boston Partners purchased a new position in shares of EverQuote during the 4th quarter worth approximately $3,668,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

Insider Transactions at EverQuote

In related news, Director John L. Shields sold 2,000 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $20.93, for a total value of $41,860.00. Following the completion of the sale, the director directly owned 26,515 shares of the company's stock, valued at $554,958.95. The trade was a 7.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Julia Brncic sold 1,808 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $24.31, for a total transaction of $43,952.48. Following the completion of the sale, the general counsel directly owned 123,397 shares of the company's stock, valued at approximately $2,999,781.07. This trade represents a 1.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,162 shares of company stock valued at $1,467,637 over the last ninety days. Company insiders own 29.79% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EVER. JPMorgan Chase & Co. lifted their target price on shares of EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Needham & Company LLC reiterated a "buy" rating and issued a $38.00 target price on shares of EverQuote in a report on Tuesday, May 6th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $32.50.

EverQuote Stock Up 1.5%

NASDAQ EVER traded up $0.36 during trading hours on Wednesday, hitting $24.89. 259,633 shares of the company were exchanged, compared to its average volume of 544,939. The firm has a market cap of $889.07 million, a price-to-earnings ratio of 24.40 and a beta of 0.34. The company has a 50 day moving average of $24.26 and a two-hundred day moving average of $23.03. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $30.03.

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.