Pacer Advisors Inc. Buys 96,796 Shares of EverQuote, Inc. $EVER

Pacer Advisors Inc. increased its stake in shares of EverQuote, Inc. (NASDAQ:EVER) by 81.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,947 shares of the company’s stock after purchasing an additional 96,796 shares during the quarter. Pacer Advisors Inc. owned approximately 0.60% of EverQuote worth $3,314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EVER. Comerica Bank grew its stake in shares of EverQuote by 235.4% during the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after buying an additional 772 shares during the last quarter. Clearstead Advisors LLC lifted its stake in shares of EverQuote by 70.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock valued at $54,000 after acquiring an additional 826 shares during the last quarter. Signature Equity Partners LLC boosted its holdings in shares of EverQuote by 65.5% during the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock valued at $33,000 after acquiring an additional 842 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of EverQuote during the 3rd quarter valued at $52,000. Finally, Kestra Advisory Services LLC bought a new stake in EverQuote during the 4th quarter worth $84,000. Institutional investors own 91.54% of the company’s stock.

Insider Transactions at EverQuote

In other EverQuote news, CTO David Brainard sold 4,960 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $25.51, for a total transaction of $126,529.60. Following the completion of the sale, the chief technology officer owned 165,336 shares of the company’s stock, valued at approximately $4,217,721.36. This represents a 2.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Joseph Sanborn sold 6,667 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $24.63, for a total transaction of $164,208.21. Following the transaction, the chief financial officer owned 311,908 shares of the company’s stock, valued at approximately $7,682,294.04. The trade was a 2.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 27,586 shares of company stock worth $629,114 over the last ninety days. 23.68% of the stock is owned by insiders.

EverQuote Stock Up 1.1%

Shares of EverQuote stock opened at $23.82 on Friday. EverQuote, Inc. has a twelve month low of $13.88 and a twelve month high of $28.73. The stock has a market cap of $858.23 million, a price-to-earnings ratio of 7.73 and a beta of 0.62. The company’s fifty day moving average is $23.06 and its 200 day moving average is $19.43.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.The firm had revenue of $195.09 million for the quarter, compared to the consensus estimate of $191.06 million. During the same period in the previous year, the business earned $0.39 EPS. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. As a group, equities analysts anticipate that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Needham & Company LLC upped their target price on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday. Weiss Ratings raised EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. B. Riley Financial restated a “buy” rating and set a $34.00 price target (up from $30.00) on shares of EverQuote in a report on Tuesday. JPMorgan Chase & Co. upped their price objective on EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Finally, Wall Street Zen upgraded shares of EverQuote from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.67.

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.