Spire Wealth Management Buys New Stake in EverQuote, Inc. (NASDAQ:EVER)

Spire Wealth Management acquired a new stake in EverQuote, Inc. (NASDAQ:EVER) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC lifted its position in shares of EverQuote by 74.3% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 38,053 shares of the company’s stock valued at $761,000 after acquiring an additional 16,217 shares during the period. GAMMA Investing LLC increased its stake in shares of EverQuote by 3,600.0% during the 1st quarter. GAMMA Investing LLC now owns 8,695 shares of the company’s stock worth $228,000 after purchasing an additional 8,460 shares in the last quarter. Intech Investment Management LLC purchased a new stake in EverQuote in the 4th quarter worth approximately $236,000. Jump Financial LLC grew its stake in EverQuote by 18.2% in the 4th quarter. Jump Financial LLC now owns 72,000 shares of the company’s stock worth $1,439,000 after acquiring an additional 11,072 shares during the period. Finally, Lighthouse Investment Partners LLC purchased a new stake in EverQuote in the 4th quarter worth approximately $2,713,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $38.00 price objective on shares of EverQuote in a research note on Tuesday, May 6th. JPMorgan Chase & Co. boosted their price objective on shares of EverQuote from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday, May 6th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $32.50.

Insider Activity at EverQuote

In other EverQuote news, CFO Joseph Sanborn sold 1,063 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $26.29, for a total value of $27,946.27. Following the completion of the transaction, the chief financial officer now owns 270,865 shares in the company, valued at approximately $7,121,040.85. This represents a 0.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jayme Mendal sold 14,360 shares of the company’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $21.36, for a total transaction of $306,729.60. Following the completion of the transaction, the chief executive officer now owns 587,509 shares of the company’s stock, valued at approximately $12,549,192.24. This trade represents a 2.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 59,757 shares of company stock valued at $1,377,858 in the last quarter. Insiders own 29.79% of the company’s stock.

EverQuote Stock Up 1.8%

Shares of NASDAQ:EVER opened at $24.25 on Friday. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03. The firm has a 50-day simple moving average of $24.04 and a 200 day simple moving average of $22.65. The company has a market cap of $866.21 million, a PE ratio of 23.77 and a beta of 0.33.

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.