Jacobs Asset Management LLC Cuts Stock Holdings in EverQuote, Inc. $EVER

Key Points

• Jacobs Asset Management LLC reduced its stake in EverQuote by 33%, now owning approximately 187,500 shares, marking it as the 15th largest position in their portfolio.
• Insiders have sold 954,523 shares worth about $22 million over the last quarter, with a significant transaction by Major Shareholder Ventures Lllp Link selling 900,000 shares for approximately $21 million.
• EverQuote's stock has dropped 0.7% to $23.21, despite reporting earnings of $0.39 per share, beating analyst estimates and showing a 33.7% revenue increase year-over-year.

Jacobs Asset Management LLC decreased its holdings in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 33.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 187,500 shares of the company's stock after selling 92,500 shares during the period. EverQuote makes up about 3.1% of Jacobs Asset Management LLC's portfolio, making the stock its 15th biggest position. Jacobs Asset Management LLC owned about 0.52% of EverQuote worth $4,911,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new position in shares of EverQuote in the first quarter worth approximately $157,000. Arizona State Retirement System acquired a new position in EverQuote during the 1st quarter worth approximately $202,000. Linden Thomas Advisory Services LLC bought a new position in EverQuote in the first quarter worth approximately $216,000. Cornerstone Investment Partners LLC acquired a new stake in EverQuote in the first quarter valued at approximately $225,000. Finally, GAMMA Investing LLC increased its holdings in shares of EverQuote by 3,600.0% during the first quarter. GAMMA Investing LLC now owns 8,695 shares of the company's stock valued at $228,000 after acquiring an additional 8,460 shares in the last quarter. Institutional investors own 91.54% of the company's stock.

Wall Street Analysts Forecast Growth

EVER has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Needham & Company LLC reissued a "buy" rating and set a $38.00 price objective on shares of EverQuote in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat.com, EverQuote currently has an average rating of "Buy" and an average target price of $32.40.

Insider Buying and Selling

In other news, CEO Jayme Mendal sold 14,360 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $22.86, for a total transaction of $328,269.60. Following the sale, the chief executive officer owned 512,780 shares in the company, valued at approximately $11,722,150.80. This trade represents a 2.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO David Brainard sold 5,710 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $24.57, for a total transaction of $140,294.70. Following the completion of the sale, the chief technology officer directly owned 128,720 shares in the company, valued at approximately $3,162,650.40. This trade represents a 4.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 954,523 shares of company stock valued at $22,308,410 in the last 90 days. 25.52% of the stock is owned by company insiders.

EverQuote Trading Down 2.3%

Shares of EVER traded down $0.54 on Thursday, reaching $23.15. 347,059 shares of the company's stock traded hands, compared to its average volume of 507,743. The stock's 50 day simple moving average is $24.23 and its two-hundred day simple moving average is $24.20. The stock has a market cap of $845.21 million, a PE ratio of 18.67 and a beta of 0.37. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $30.03.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.04. The business had revenue of $156.63 million during the quarter, compared to the consensus estimate of $157.19 million. EverQuote had a net margin of 7.57% and a return on equity of 36.90%. The firm's quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 earnings per share. EverQuote has set its Q3 2025 guidance at EPS. Analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current year.

EverQuote 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.