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

Calamos Advisors LLC purchased a new stake in EverQuote, Inc. (NASDAQ:EVER - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 45,018 shares of the company's stock, valued at approximately $1,179,000. Calamos Advisors LLC owned about 0.13% of EverQuote as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in EverQuote by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,383 shares of the company's stock worth $288,000 after buying an additional 608 shares during the period. Corton Capital Inc. grew its stake in shares of EverQuote by 3.4% during the 4th quarter. Corton Capital Inc. now owns 21,592 shares of the company's stock worth $432,000 after acquiring an additional 714 shares in the last quarter. Legal & General Group Plc grew its stake in shares of EverQuote by 4.8% during the 4th quarter. Legal & General Group Plc now owns 21,985 shares of the company's stock worth $439,000 after acquiring an additional 1,012 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of EverQuote by 2.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 55,600 shares of the company's stock worth $1,111,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of EverQuote by 23.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company's stock worth $179,000 after acquiring an additional 1,724 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

EverQuote Stock Performance

Shares of EverQuote stock traded down $0.19 on Tuesday, reaching $24.53. 306,905 shares of the stock were exchanged, compared to its average volume of 545,186. The firm's 50 day moving average is $24.22 and its 200-day moving average is $23.00. The firm has a market cap of $876.21 million, a PE ratio of 24.05 and a beta of 0.34. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03.

Insider Activity at EverQuote

In other news, Director John L. Shields sold 2,000 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 26,515 shares in the company, valued at $554,958.95. This trade represents 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 through the SEC website. Also, CFO Joseph Sanborn sold 1,063 shares of EverQuote stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $24.13, for a total transaction of $25,650.19. Following the transaction, the chief financial officer directly owned 261,390 shares of the company's stock, valued at $6,307,340.70. This represents a 0.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,644 shares of company stock valued at $1,283,390 over the last three months. 29.79% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on EVER shares. JPMorgan Chase & Co. raised their price target on shares of EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $38.00 price target 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 given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $32.50.

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.