Allspring Global Investments Holdings LLC Has $294,000 Holdings in EverQuote, Inc. (NASDAQ:EVER)

Allspring Global Investments Holdings LLC decreased its holdings in EverQuote, Inc. (NASDAQ:EVER) by 91.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,722 shares of the company’s stock after selling 165,409 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in EverQuote were worth $294,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of EVER. Emerald Mutual Fund Advisers Trust lifted its stake in EverQuote by 572.1% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock valued at $10,631,000 after purchasing an additional 429,084 shares during the last quarter. Emerald Advisers LLC increased its position in shares of EverQuote by 165.8% during the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after purchasing an additional 399,257 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of EverQuote by 3,022.8% during the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock worth $8,133,000 after acquiring an additional 373,280 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in EverQuote by 255.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock worth $5,072,000 after purchasing an additional 172,785 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in EverQuote by 636.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock valued at $2,209,000 after purchasing an additional 90,500 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

Insider Transactions at EverQuote

In related news, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $20.00, for a total transaction of $40,000.00. Following the completion of the sale, the director now owns 28,515 shares in the company, valued at $570,300. This trade represents a 6.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO David Brainard sold 6,609 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $21.49, for a total value of $142,027.41. Following the completion of the transaction, the chief technology officer now directly owns 156,783 shares in the company, valued at approximately $3,369,266.67. This trade represents a 4.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,568 shares of company stock worth $1,203,872 in the last three months. Insiders own 29.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a report on Thursday, December 26th. Needham & Company LLC boosted their price target on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on shares of EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday. B. Riley lowered their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Canaccord Genuity Group dropped their target price on EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $32.33.

EverQuote Stock Performance

Shares of EVER stock opened at $25.63 on Wednesday. The firm has a market capitalization of $906.05 million, a PE ratio of 75.38 and a beta of 0.96. The stock has a fifty day simple moving average of $19.90 and a two-hundred day simple moving average of $20.09. EverQuote, Inc. has a 52-week low of $14.28 and a 52-week high of $28.09.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.18. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The company had revenue of $147.46 million during the quarter, compared to analysts’ expectations of $133.83 million. On average, sell-side analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

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.