EverQuote, Inc. $EVER Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lessened its holdings in EverQuote, Inc. (NASDAQ:EVER) by 49.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,401 shares of the company’s stock after selling 78,874 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.22% of EverQuote worth $1,816,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Versant Capital Management Inc boosted its position in shares of EverQuote by 108.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock worth $26,000 after acquiring an additional 601 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in EverQuote by 25.8% during the second quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock worth $68,000 after purchasing an additional 573 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in EverQuote by 271.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock valued at $79,000 after purchasing an additional 2,381 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in EverQuote by 28.7% in the second quarter. Asset Management One Co. Ltd. now owns 4,682 shares of the company’s stock valued at $113,000 after purchasing an additional 1,044 shares during the last quarter. Finally, AlphaQuest LLC raised its holdings in EverQuote by 70.9% during the second quarter. AlphaQuest LLC now owns 5,485 shares of the company’s stock worth $133,000 after purchasing an additional 2,276 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CTO David Brainard sold 5,709 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $25.05, for a total transaction of $143,010.45. Following the completion of the sale, the chief technology officer owned 101,603 shares in the company, valued at $2,545,155.15. This represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jayme Mendal sold 14,360 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $24.15, for a total value of $346,794.00. Following the sale, the chief executive officer directly owned 406,404 shares of the company’s stock, valued at approximately $9,814,656.60. This represents a 3.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 59,507 shares of company stock valued at $1,494,612 over the last 90 days. Insiders own 25.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen cut shares of EverQuote from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Zacks Research raised shares of EverQuote from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. raised their price objective on EverQuote from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. Needham & Company LLC lifted their target price on EverQuote from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of EverQuote in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $34.00.

EverQuote Stock Performance

Shares of EverQuote stock opened at $22.70 on Friday. The company has a market capitalization of $816.29 million, a P/E ratio of 15.87 and a beta of 0.46. EverQuote, Inc. has a 1 year low of $19.15 and a 1 year high of $30.03. The company’s fifty day moving average is $25.95 and its two-hundred day moving average is $24.26.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, November 3rd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. EverQuote had a net margin of 8.36% and a return on equity of 38.19%. The business had revenue of $173.94 million during the quarter, compared to analysts’ expectations of $166.09 million. During the same period in the prior year, the company earned $0.31 earnings per share. The business’s revenue was up 20.3% compared to the same quarter last year. As a group, equities analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current year.

EverQuote Profile

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.