Calamos Advisors LLC Purchases Shares of 45,018 EverQuote, Inc. (NASDAQ:EVER)

Calamos Advisors LLC bought a new position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 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 modified their holdings of the business. Lisanti Capital Growth LLC bought a new stake in shares of EverQuote during the first quarter worth approximately $2,846,000. Allspring Global Investments Holdings LLC raised its stake in shares of EverQuote by 1,553.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 243,385 shares of the company's stock worth $6,464,000 after buying an additional 228,663 shares during the last quarter. Spire Wealth Management bought a new stake in shares of EverQuote during the first quarter worth approximately $866,000. FNY Investment Advisers LLC bought a new stake in EverQuote in the first quarter valued at approximately $157,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in EverQuote in the first quarter valued at approximately $315,000. 91.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EVER has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Needham & Company LLC reissued a "buy" rating and set a $38.00 price objective on shares of EverQuote in a research report on Tuesday, May 6th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $32.50.

Insiders Place Their Bets

In related news, CEO Jayme Mendal sold 14,360 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $24.20, for a total value of $347,512.00. Following the completion of the transaction, the chief executive officer owned 558,789 shares of the company's stock, valued at approximately $13,522,693.80. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joseph Sanborn sold 1,063 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $24.13, for a total transaction of $25,650.19. Following the completion of the transaction, the chief financial officer directly owned 261,390 shares of the company's stock, valued at approximately $6,307,340.70. This trade represents a 0.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,162 shares of company stock valued at $1,467,637 in the last quarter. Company insiders own 29.79% of the company's stock.

EverQuote Trading Up 1.9%

Shares of EVER stock traded up $0.47 during trading hours on Thursday, hitting $25.36. 443,608 shares of the company were exchanged, compared to its average volume of 544,536. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03. The business has a 50 day moving average of $24.26 and a two-hundred day moving average of $23.03. The company has a market capitalization of $905.96 million, a PE ratio of 24.86 and a beta of 0.34.

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.