EverQuote, Inc. $EVER Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in shares of EverQuote, Inc. (NASDAQ:EVER) by 47.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,598 shares of the company’s stock after selling 117,339 shares during the period. SG Americas Securities LLC owned about 0.35% of EverQuote worth $1,968,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of EVER. Comerica Bank grew its stake in EverQuote by 235.4% in the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after purchasing an additional 772 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in EverQuote during the third quarter valued at approximately $52,000. Clearstead Advisors LLC lifted its holdings in EverQuote by 70.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after buying an additional 826 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in EverQuote by 271.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock worth $79,000 after buying an additional 2,381 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of EverQuote in the 4th quarter valued at approximately $84,000. Institutional investors own 91.54% of the company’s stock.

Wall Street Analyst Weigh In

EVER has been the topic of several research analyst reports. Wall Street Zen upgraded EverQuote from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Weiss Ratings raised shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of EverQuote in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. 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, EverQuote has an average rating of “Moderate Buy” and an average price target of $24.17.

Insider Activity at EverQuote

In other news, CTO David Brainard sold 9,942 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $19.42, for a total transaction of $193,073.64. Following the transaction, the chief technology officer directly owned 180,493 shares of the company’s stock, valued at approximately $3,505,174.06. This trade represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joseph Sanborn sold 6,666 shares of the company’s stock in a transaction dated 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 directly owned 327,820 shares of the company’s stock, valued at $6,320,369.60. The trade was a 1.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 41,164 shares of company stock worth $819,882. 23.68% of the stock is owned by insiders.

EverQuote Stock Performance

EverQuote stock opened at $24.73 on Thursday. EverQuote, Inc. has a one year low of $13.88 and a one year high of $28.73. The company has a 50-day simple moving average of $19.34 and a 200-day simple moving average of $19.61. The firm has a market capitalization of $891.02 million, a P/E ratio of 8.41 and a beta of 0.61.

EverQuote (NASDAQ:EVER) last posted 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 firm had revenue of $190.85 million during the quarter, compared to analyst estimates of $180.10 million. During the same period in the previous year, the business posted $0.21 EPS. EverQuote’s revenue was up 14.6% on a year-over-year basis. As a group, sell-side analysts forecast that EverQuote, Inc. will post 1.99 earnings per share for the current year.

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.