Renaissance Technologies LLC Purchases 211,360 Shares of EverQuote, Inc. $EVER

Renaissance Technologies LLC grew its position in EverQuote, Inc. (NASDAQ:EVER) by 28.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 941,467 shares of the company’s stock after purchasing an additional 211,360 shares during the quarter. Renaissance Technologies LLC’s holdings in EverQuote were worth $14,517,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in EVER. Vanguard Group Inc. lifted its holdings in EverQuote by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 2,221,494 shares of the company’s stock worth $59,980,000 after purchasing an additional 20,156 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in EverQuote by 47.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock valued at $13,412,000 after purchasing an additional 293,160 shares during the period. Lazard Asset Management LLC grew its holdings in EverQuote by 81.7% in the 4th 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. grew its holdings in EverQuote by 27.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 875,702 shares of the company’s stock valued at $23,644,000 after buying an additional 188,335 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in EverQuote by 27.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 800,114 shares of the company’s stock valued at $19,347,000 after buying an additional 171,787 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

EverQuote Price Performance

Shares of NASDAQ:EVER opened at $25.22 on Friday. The company has a market capitalization of $908.68 million, a P/E ratio of 8.58 and a beta of 0.61. EverQuote, Inc. has a 1 year low of $13.88 and a 1 year high of $28.73. The business’s 50 day simple moving average is $22.68 and its 200 day simple moving average is $19.52.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. The firm had revenue of $190.85 million for the quarter, compared to analyst estimates of $180.10 million. EverQuote had a return on equity of 53.39% and a net margin of 15.35%.The company’s revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the company earned $0.21 EPS. On average, sell-side analysts anticipate that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.

Insider Transactions at EverQuote

In related news, CFO Joseph Sanborn sold 6,667 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $24.63, for a total value of $164,208.21. Following the transaction, the chief financial officer owned 311,908 shares in the company, valued at approximately $7,682,294.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO David Brainard sold 4,960 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $25.51, for a total value of $126,529.60. Following the completion of the transaction, the chief technology officer owned 165,336 shares in the company, valued at $4,217,721.36. The trade was a 2.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 57,891 shares of company stock valued at $1,243,447. 23.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EVER has been the subject of a number of research reports. Weiss Ratings raised EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of EverQuote in a research report on Tuesday, May 5th. JPMorgan Chase & Co. upped their price target on shares of 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 raised shares of EverQuote from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.17.

About EverQuote

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.