Great Lakes Advisors LLC Makes New $2.51 Million Investment in EverQuote, Inc. $EVER

Great Lakes Advisors LLC purchased a new stake in EverQuote, Inc. (NASDAQ:EVER) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 105,544 shares of the company’s stock, valued at approximately $2,511,000. Great Lakes Advisors LLC owned approximately 0.29% of EverQuote at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada increased its position in EverQuote by 1,705.9% in the 1st quarter. Royal Bank of Canada now owns 65,428 shares of the company’s stock valued at $1,713,000 after buying an additional 61,805 shares in the last quarter. Amundi bought a new position in EverQuote in the first quarter worth approximately $290,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in EverQuote by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock valued at $393,000 after acquiring an additional 624 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in EverQuote by 615.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock valued at $8,896,000 after acquiring an additional 292,172 shares during the period. Finally, Creative Planning increased its holdings in shares of EverQuote by 32.4% during the second quarter. Creative Planning now owns 10,526 shares of the company’s stock valued at $255,000 after acquiring an additional 2,576 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on EVER shares. Wall Street Zen cut EverQuote from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Needham & Company LLC boosted their price target on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. B. Riley Financial restated a “buy” rating and set a $34.00 price objective (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. Raymond James Financial reaffirmed an “outperform” rating and issued a $28.00 price objective on shares of EverQuote in a research note on Thursday, August 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $27.33.

EverQuote Stock Up 1.3%

Shares of NASDAQ:EVER opened at $25.24 on Friday. The stock has a market cap of $909.40 million, a price-to-earnings ratio of 8.19 and a beta of 0.62. EverQuote, Inc. has a 12-month low of $13.88 and a 12-month high of $28.73. The business’s 50 day moving average is $24.26 and its 200 day moving average is $19.55.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share (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 business had revenue of $195.09 million during the quarter, compared to the consensus estimate of $191.06 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. EverQuote’s revenue was up 24.6% compared to the same quarter last year. As a group, equities research analysts expect that EverQuote, Inc. will post 1.72 earnings per share for the current year.

Insider Activity

In related news, CFO Joseph Sanborn sold 6,667 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $25.51, for a total transaction of $170,075.17. Following the transaction, the chief financial officer directly owned 305,241 shares in the company, valued at approximately $7,786,697.91. The trade was a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO David Brainard sold 4,960 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was 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 directly owned 165,336 shares of the company’s stock, valued at $4,217,721.36. The trade was a 2.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 36,424 shares of company stock worth $854,506. Company insiders own 23.68% of the company’s stock.

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.