EverQuote, Inc. $EVER Shares Sold by Divisadero Street Capital Management LP

Divisadero Street Capital Management LP trimmed its stake in EverQuote, Inc. (NASDAQ:EVER) by 58.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 187,589 shares of the company’s stock after selling 265,631 shares during the quarter. Divisadero Street Capital Management LP’s holdings in EverQuote were worth $4,290,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of EVER. Algert Global LLC raised its stake in EverQuote by 41.6% during the third quarter. Algert Global LLC now owns 65,813 shares of the company’s stock worth $1,505,000 after purchasing an additional 19,320 shares during the period. Alliancebernstein L.P. increased its holdings in shares of EverQuote by 56.5% during the 3rd quarter. Alliancebernstein L.P. now owns 124,180 shares of the company’s stock worth $2,840,000 after buying an additional 44,830 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of EverQuote by 78.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 175,374 shares of the company’s stock worth $4,011,000 after buying an additional 77,254 shares during the last quarter. Creative Planning raised its position in shares of EverQuote by 32.1% in the 3rd quarter. Creative Planning now owns 13,904 shares of the company’s stock worth $318,000 after buying an additional 3,378 shares during the period. Finally, Lazard Asset Management LLC raised its position in shares of EverQuote by 138.2% in the 3rd quarter. Lazard Asset Management LLC now owns 495,970 shares of the company’s stock worth $11,343,000 after buying an additional 287,756 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

Insider Activity at EverQuote

In other EverQuote news, Director John L. Shields sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $25.73, for a total transaction of $51,460.00. Following the sale, the director owned 25,219 shares in the company, valued at $648,884.87. This represents a 7.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jayme Mendal sold 14,360 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $14.98, for a total value of $215,112.80. Following the sale, the chief executive officer directly owned 541,777 shares in the company, valued at approximately $8,115,819.46. This represents a 2.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 55,249 shares of company stock worth $1,238,364 in the last ninety days. 25.52% of the stock is currently owned by corporate insiders.

EverQuote Price Performance

EverQuote stock opened at $16.49 on Monday. The firm’s fifty day moving average price is $19.58 and its 200 day moving average price is $22.59. The company has a market capitalization of $594.13 million, a price-to-earnings ratio of 6.25 and a beta of 0.55. EverQuote, Inc. has a 12-month low of $13.93 and a 12-month high of $30.03.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, February 23rd. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $0.35 by $1.19. EverQuote had a return on equity of 57.65% and a net margin of 14.34%.The company had revenue of $195.32 million during the quarter, compared to the consensus estimate of $176.82 million. During the same period last year, the firm earned $0.33 earnings per share. The company’s revenue was up 32.3% on a year-over-year basis. Analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EVER. JPMorgan Chase & Co. reduced their target price on EverQuote from $32.00 to $22.00 and set an “overweight” rating on the stock in a report on Tuesday, February 24th. Raymond James Financial restated an “outperform” rating and issued a $18.00 price objective on shares of EverQuote in a report on Tuesday, February 17th. Canaccord Genuity Group reduced their price objective on EverQuote from $33.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Wall Street Zen upgraded EverQuote from a “buy” rating to a “strong-buy” rating in a report on Monday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of EverQuote in a research report on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.83.

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.