Calamos Advisors LLC Makes New $1.18 Million Investment in EverQuote, Inc. (NASDAQ:EVER)

Calamos Advisors LLC acquired a new stake in EverQuote, Inc. (NASDAQ:EVER - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 45,018 shares of the company's stock, valued at approximately $1,179,000. Calamos Advisors LLC owned approximately 0.13% of EverQuote at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EVER. KLP Kapitalforvaltning AS acquired a new stake in EverQuote in the 4th quarter valued at $90,000. AlphaQuest LLC raised its holdings in EverQuote by 53.9% during the fourth quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock worth $154,000 after acquiring an additional 2,698 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in EverQuote during the first quarter valued at approximately $157,000. Tower Research Capital LLC TRC grew its stake in EverQuote by 23.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company's stock valued at $179,000 after purchasing an additional 1,724 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of EverQuote during the 4th quarter worth approximately $180,000. 91.54% of the stock is owned by institutional investors and hedge funds.

EverQuote Stock Up 0.8%

Shares of NASDAQ EVER traded up $0.19 during midday trading on Monday, hitting $24.72. 507,776 shares of the company's stock were exchanged, compared to its average volume of 546,138. The firm has a market capitalization of $883.10 million, a PE ratio of 24.24 and a beta of 0.34. EverQuote, Inc. has a 12 month low of $16.63 and a 12 month high of $30.03. The company's 50 day moving average price is $24.19 and its 200 day moving average price is $22.95.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on 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 price target on shares of EverQuote in a research note on Tuesday, May 6th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $32.50.

Insider Activity at EverQuote

In other news, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction on Monday, April 14th. The stock was sold at an average price of $20.93, for a total transaction of $41,860.00. Following the completion of the sale, the director owned 26,515 shares of the company's stock, valued at approximately $554,958.95. This trade represents a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jayme Mendal sold 14,360 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $24.20, for a total transaction of $347,512.00. Following the completion of the transaction, the chief executive officer owned 558,789 shares in the company, valued at $13,522,693.80. This trade represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,644 shares of company stock worth $1,283,390 in the last quarter. Corporate insiders own 29.79% of the company's stock.

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.