Hsbc Holdings PLC Has $965,000 Position in EverQuote, Inc. $EVER

Hsbc Holdings PLC raised its stake in shares of EverQuote, Inc. (NASDAQ:EVER) by 102.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,724 shares of the company’s stock after acquiring an additional 31,281 shares during the quarter. Hsbc Holdings PLC owned approximately 0.17% of EverQuote worth $965,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EVER. SG Americas Securities LLC raised its stake in shares of EverQuote by 1,100.6% in the fourth quarter. SG Americas Securities LLC now owns 244,937 shares of the company’s stock worth $6,613,000 after acquiring an additional 224,535 shares during the last quarter. Legato Capital Management LLC grew its stake in shares of EverQuote by 179.9% during the fourth quarter. Legato Capital Management LLC now owns 86,717 shares of the company’s stock valued at $2,341,000 after purchasing an additional 55,741 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of EverQuote by 29.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 616,717 shares of the company’s stock valued at $15,683,000 after purchasing an additional 141,026 shares in the last quarter. K.J. Harrison & Partners Inc boosted its position in EverQuote by 539.0% in the 1st quarter. K.J. Harrison & Partners Inc now owns 63,900 shares of the company’s stock valued at $985,000 after buying an additional 53,900 shares during the last quarter. Finally, OP Asset Management Ltd acquired a new stake in shares of EverQuote in the 1st quarter valued at $2,410,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Insider Buying and Selling at EverQuote

In other news, CAO Jon Ayotte sold 4,611 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $24.15, for a total value of $111,355.65. Following the completion of the sale, the chief accounting officer directly owned 74,580 shares of the company’s stock, valued at $1,801,107. This represents a 5.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Joseph Sanborn sold 20,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $20.70, for a total value of $414,000.00. Following the completion of the sale, the chief financial officer directly owned 337,660 shares of the company’s stock, valued at approximately $6,989,562. This trade represents a 5.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 57,891 shares of company stock valued at $1,243,447. 23.68% of the stock is currently owned by company insiders.

EverQuote Stock Performance

Shares of EverQuote stock opened at $27.15 on Wednesday. The firm has a fifty day moving average of $22.26 and a two-hundred day moving average of $19.47. The stock has a market capitalization of $978.21 million, a price-to-earnings ratio of 9.23 and a beta of 0.61. EverQuote, Inc. has a 52 week low of $13.88 and a 52 week high of $28.73.

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 the consensus estimate of $0.43 by $0.08. EverQuote had a return on equity of 53.39% and a net margin of 15.35%.The business had revenue of $190.85 million for the quarter, compared to analyst estimates of $180.10 million. During the same period last year, the company earned $0.21 EPS. The firm’s revenue was up 14.6% on a year-over-year basis. As a group, research analysts forecast that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EVER. Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of EverQuote in a research report on Tuesday, May 5th. Weiss Ratings upgraded EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. boosted their price objective on EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen upgraded shares of EverQuote from a “hold” rating to a “buy” rating in a research report on Saturday. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $24.17.

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.