Spire Wealth Management Takes $866,000 Position in EverQuote, Inc. (NASDAQ:EVER)

Spire Wealth Management acquired a new position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 33,060 shares of the company's stock, valued at approximately $866,000. Spire Wealth Management owned 0.09% of EverQuote as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new position in shares of EverQuote in the fourth quarter valued at approximately $90,000. AlphaQuest LLC grew its stake in shares of EverQuote by 53.9% in 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 shares of EverQuote in the first quarter worth $157,000. Tower Research Capital LLC TRC increased its position in shares of EverQuote by 23.8% during the fourth 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 during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of EverQuote during the fourth quarter worth $180,000. Institutional investors and hedge funds own 91.54% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on EVER. Needham & Company LLC restated a "buy" rating and set a $38.00 price target on shares of EverQuote in a report on Tuesday, May 6th. JPMorgan Chase & Co. boosted their price objective on EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Five 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.com, EverQuote currently has a consensus rating of "Buy" and an average price target of $32.50.

Insider Activity at EverQuote

In other EverQuote news, CTO David Brainard sold 1,291 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $23.11, for a total transaction of $29,835.01. Following the transaction, the chief technology officer owned 141,374 shares of the company's stock, valued at approximately $3,267,153.14. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Joseph Sanborn sold 1,063 shares of EverQuote stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $26.29, for a total value of $27,946.27. Following the sale, the chief financial officer owned 270,865 shares in the company, valued at $7,121,040.85. This trade represents a 0.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 59,757 shares of company stock worth $1,377,858 over the last 90 days. 29.79% of the stock is owned by corporate insiders.

EverQuote Trading Up 1.0%

NASDAQ:EVER traded up $0.24 during trading hours on Tuesday, hitting $24.42. The company's stock had a trading volume of 333,357 shares, compared to its average volume of 545,167. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $30.03. The stock has a market capitalization of $872.28 million, a P/E ratio of 23.94 and a beta of 0.34. The stock has a fifty day moving average of $24.13 and a 200-day moving average of $22.77.

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.