EverQuote, Inc. $EVER Stock Position Decreased by Pacer Advisors Inc.

Pacer Advisors Inc. cut its stake in shares of EverQuote, Inc. (NASDAQ:EVER) by 25.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,151 shares of the company’s stock after selling 41,019 shares during the period. Pacer Advisors Inc. owned approximately 0.33% of EverQuote worth $3,190,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Lazard Asset Management LLC increased its stake in EverQuote by 81.7% in the 4th quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock worth $24,333,000 after purchasing an additional 405,237 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of EverQuote by 110.7% in the third quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company’s stock worth $15,720,000 after buying an additional 361,082 shares during the period. AQR Capital Management LLC boosted its holdings in shares of EverQuote by 95.1% in the second quarter. AQR Capital Management LLC now owns 655,615 shares of the company’s stock worth $15,853,000 after buying an additional 319,618 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of EverQuote by 615.1% in the first 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 acquiring an additional 292,172 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of EverQuote by 1,100.6% during the fourth quarter. SG Americas Securities LLC now owns 244,937 shares of the company’s stock valued at $6,613,000 after acquiring an additional 224,535 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Joseph Sanborn sold 6,666 shares of EverQuote stock in a transaction on Monday, June 8th. The stock was sold at an average price of $19.28, for a total transaction of $128,520.48. Following the completion of the sale, the chief financial officer owned 327,820 shares of the company’s stock, valued at approximately $6,320,369.60. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO David Brainard sold 9,942 shares of the company’s stock in a transaction dated 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 transaction, the chief technology officer directly owned 180,493 shares in the company, valued at approximately $3,505,174.06. The trade was a 5.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 41,814 shares of company stock valued at $829,255. Insiders own 23.68% of the company’s stock.

Analyst Upgrades and Downgrades

EVER has been the topic of several research analyst reports. Weiss Ratings upgraded shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. increased their target price on EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Wall Street Zen upgraded EverQuote from a “hold” rating to a “buy” rating in a report on Sunday. Craig Hallum reissued a “buy” rating and set a $20.00 price target on shares of EverQuote in a research report on Tuesday, February 24th. Finally, B. Riley Financial reduced their price objective on EverQuote from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.17.

EverQuote Stock Performance

EverQuote stock opened at $20.75 on Wednesday. EverQuote, Inc. has a twelve month low of $13.88 and a twelve month high of $28.73. The firm has a market cap of $747.62 million, a PE ratio of 7.06 and a beta of 0.65. The firm’s 50 day moving average price is $18.50 and its two-hundred day moving average price is $19.80.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating 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 company had revenue of $190.85 million during the quarter, compared to analyst estimates of $180.10 million. During the same quarter last year, the business posted $0.21 EPS. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. Equities analysts anticipate that EverQuote, Inc. will post 1.99 EPS for the current fiscal year.

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.