Toronado Partners LLC Purchases 68,271 Shares of EverQuote, Inc. $EVER

Toronado Partners LLC increased its holdings in shares of EverQuote, Inc. (NASDAQ:EVER) by 14.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 531,884 shares of the company’s stock after purchasing an additional 68,271 shares during the quarter. EverQuote accounts for about 9.1% of Toronado Partners LLC’s investment portfolio, making the stock its 6th largest holding. Toronado Partners LLC owned approximately 1.49% of EverQuote worth $12,861,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Entropy Technologies LP acquired a new stake in shares of EverQuote in the first quarter valued at about $285,000. Cubist Systematic Strategies LLC lifted its position in EverQuote by 14.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 348,572 shares of the company’s stock worth $9,129,000 after acquiring an additional 43,490 shares in the last quarter. Cetera Investment Advisers purchased a new position in EverQuote in the 1st quarter worth approximately $407,000. Russell Investments Group Ltd. boosted its holdings in EverQuote by 358.7% in the 1st quarter. Russell Investments Group Ltd. now owns 70,000 shares of the company’s stock worth $1,837,000 after acquiring an additional 54,741 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in EverQuote in the first quarter valued at approximately $687,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EVER. JPMorgan Chase & Co. boosted their target price on shares of EverQuote from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Zacks Research raised shares of EverQuote from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of EverQuote in a report on Wednesday, October 8th. Needham & Company LLC raised their target price on EverQuote from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen lowered EverQuote from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $33.75.

EverQuote Price Performance

EVER opened at $26.63 on Friday. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03. The stock has a market capitalization of $957.61 million, a PE ratio of 18.62 and a beta of 0.53. The firm’s fifty day moving average price is $22.90 and its 200 day moving average price is $23.73.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, November 3rd. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.13. The company had revenue of $173.94 million during the quarter, compared to the consensus estimate of $166.09 million. EverQuote had a net margin of 8.36% and a return on equity of 38.19%. The company’s revenue was up 20.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 EPS. EverQuote has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Activity at EverQuote

In other news, CEO Jayme Mendal sold 14,360 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $23.55, for a total value of $338,178.00. Following the completion of the sale, the chief executive officer directly owned 452,412 shares in the company, valued at approximately $10,654,302.60. The trade was a 3.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Shields sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $20.78, for a total value of $41,560.00. Following the sale, the director directly owned 27,219 shares in the company, valued at approximately $565,610.82. This represents a 6.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 55,903 shares of company stock valued at $1,257,785 over the last three months. 25.52% of the stock is owned by insiders.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.