Allspring Global Investments Holdings LLC Has $3.80 Million Stock Holdings in EverQuote, Inc. (NASDAQ:EVER)

Allspring Global Investments Holdings LLC trimmed its position in EverQuote, Inc. (NASDAQ:EVER) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,131 shares of the company’s stock after selling 1,856 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.52% of EverQuote worth $3,799,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Quarry LP raised its position in shares of EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after acquiring an additional 985 shares during the period. nVerses Capital LLC acquired a new stake in EverQuote during the 2nd quarter worth approximately $35,000. CWM LLC raised its holdings in EverQuote by 133.2% during the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after buying an additional 1,063 shares during the period. Meeder Asset Management Inc. acquired a new stake in EverQuote during the 2nd quarter worth approximately $76,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in EverQuote during the 2nd quarter worth approximately $147,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

EverQuote Stock Down 2.4 %

NASDAQ EVER opened at $17.34 on Tuesday. EverQuote, Inc. has a 12-month low of $6.73 and a 12-month high of $28.09. The company has a market capitalization of $608.29 million, a PE ratio of -20.64 and a beta of 1.04. The firm’s 50 day moving average is $21.05 and its 200-day moving average is $21.84.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.14. EverQuote had a negative net margin of 8.55% and a negative return on equity of 13.24%. The business had revenue of $117.14 million during the quarter, compared to analysts’ expectations of $102.81 million. During the same period last year, the business earned ($0.31) earnings per share. The firm’s revenue was up 72.3% on a year-over-year basis. As a group, sell-side analysts expect that EverQuote, Inc. will post 0.57 EPS for the current year.

Insider Activity at EverQuote

In related news, major shareholder Ventures Lllp Link sold 7,680 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $27.08, for a total value of $207,974.40. Following the completion of the transaction, the insider now directly owns 3,510,721 shares of the company’s stock, valued at approximately $95,070,324.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other EverQuote news, CTO David Brainard sold 1,641 shares of EverQuote stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total transaction of $33,181.02. Following the completion of the transaction, the chief technology officer now directly owns 155,491 shares of the company’s stock, valued at $3,144,028.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Ventures Lllp Link sold 7,680 shares of EverQuote stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $27.08, for a total transaction of $207,974.40. Following the transaction, the insider now directly owns 3,510,721 shares of the company’s stock, valued at approximately $95,070,324.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 93,668 shares of company stock valued at $2,418,629. 29.79% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on EVER. Needham & Company LLC raised their target price on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Craig Hallum raised their target price on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of EverQuote from $29.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $29.58.

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.