EverQuote, Inc. $EVER Position Reduced by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in EverQuote, Inc. (NASDAQ:EVER) by 47.9% in the first quarter, HoldingsChannel.com reports. The firm owned 127,598 shares of the company’s stock after selling 117,339 shares during the quarter. SG Americas Securities LLC’s holdings in EverQuote were worth $1,968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC boosted its stake in EverQuote by 81.7% during the fourth quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock valued at $24,333,000 after buying an additional 405,237 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in shares of EverQuote by 110.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company’s stock valued at $15,720,000 after purchasing an additional 361,082 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of EverQuote by 95.1% during the 2nd quarter. AQR Capital Management LLC now owns 655,615 shares of the company’s stock valued at $15,853,000 after purchasing an additional 319,618 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of EverQuote by 615.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock worth $8,896,000 after purchasing an additional 292,172 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of EverQuote by 37.0% in the 3rd quarter. Millennium Management LLC now owns 667,815 shares of the company’s stock worth $15,273,000 after purchasing an additional 180,450 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

Wall Street Analyst Weigh In

EVER has been the subject of a number of research reports. Weiss Ratings upgraded shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. JPMorgan Chase & Co. lifted their target price on EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Wall Street Zen raised EverQuote from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 price target on shares of EverQuote in a research note on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.17.

Insiders Place Their Bets

In related news, CTO David Brainard sold 9,942 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $19.42, for a total value of $193,073.64. Following the completion of the sale, the chief technology officer owned 180,493 shares of the company’s stock, valued at approximately $3,505,174.06. The trade was a 5.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Joseph Sanborn sold 6,666 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $19.28, for a total transaction of $128,520.48. Following the transaction, the chief financial officer directly owned 327,820 shares in the company, valued at approximately $6,320,369.60. The trade was a 1.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 41,164 shares of company stock valued at $819,882. Insiders own 23.68% of the company’s stock.

EverQuote Trading Up 4.0%

Shares of NASDAQ EVER opened at $24.73 on Thursday. EverQuote, Inc. has a one year low of $13.88 and a one year high of $28.73. The business has a 50-day moving average price of $19.34 and a two-hundred day moving average price of $19.61. The firm has a market capitalization of $891.02 million, a PE ratio of 8.41 and a beta of 0.61.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The business had revenue of $190.85 million during the quarter, compared to analyst estimates of $180.10 million. During the same period in the prior year, the firm earned $0.21 earnings per share. The firm’s revenue was up 14.6% compared to the same quarter last year. Research analysts anticipate that EverQuote, Inc. will post 1.99 EPS for the current year.

EverQuote Company 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.