320,097 Shares in EverQuote, Inc. (NASDAQ:EVER) Purchased by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust purchased a new position in EverQuote, Inc. (NASDAQ:EVER - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 320,097 shares of the company's stock, valued at approximately $8,383,000. Emerald Mutual Fund Advisers Trust owned approximately 0.90% of EverQuote as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in EVER. Divisadero Street Capital Management LP acquired a new stake in EverQuote in the fourth quarter worth about $12,311,000. Freestone Grove Partners LP acquired a new stake in EverQuote in the fourth quarter worth about $11,618,000. Point72 Asset Management L.P. lifted its position in EverQuote by 2,301.4% during the 4th quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company's stock worth $9,216,000 after acquiring an additional 441,815 shares during the period. Toronado Partners LLC lifted its position in EverQuote by 59.7% during the 4th quarter. Toronado Partners LLC now owns 718,774 shares of the company's stock worth $14,368,000 after acquiring an additional 268,670 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in EverQuote by 1,553.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 243,385 shares of the company's stock worth $6,464,000 after acquiring an additional 228,663 shares during the period. Institutional investors and hedge funds own 91.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EVER. JPMorgan Chase & Co. lifted their price target on EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $38.00 price target on shares of EverQuote in a research report on Tuesday, May 6th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, EverQuote has a consensus rating of "Buy" and a consensus target price of $32.50.

Insiders Place Their Bets

In other news, General Counsel Julia Brncic sold 1,808 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $24.31, for a total value of $43,952.48. Following the completion of the transaction, the general counsel owned 123,397 shares of the company's stock, valued at $2,999,781.07. The trade was a 1.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John L. Shields sold 2,000 shares of the company's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $20.93, for a total value of $41,860.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,162 shares of company stock worth $1,467,637. 29.79% of the stock is currently owned by company insiders.

EverQuote Stock Down 3.9%

Shares of EVER stock traded down $1.00 on Friday, hitting $24.36. The company had a trading volume of 281,163 shares, compared to its average volume of 545,337. The firm has a market cap of $870.14 million, a P/E ratio of 23.88 and a beta of 0.34. The company has a 50-day moving average price of $24.19 and a 200-day moving average price of $23.12. EverQuote, Inc. has a twelve month low of $16.63 and a twelve month high of $30.03.

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.