Vanguard Group Inc. Sells 21,533 Shares of EverQuote, Inc. $EVER

Key Points

• Vanguard Group Inc. reduced its stake in EverQuote, Inc. by 1.1%, now owning approximately 5.58% of the company worth $52.25 million.
• Major shareholder Ventures Lllp Link sold 900,000 shares at an average price of $23.33, decreasing their ownership by 25.73%.
• EverQuote reported quarterly earnings of $0.39 per share, exceeding analysts' expectations and showing a 33.7% year-over-year revenue increase.

Vanguard Group Inc. lowered its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,995,179 shares of the company's stock after selling 21,533 shares during the period. Vanguard Group Inc. owned 5.58% of EverQuote worth $52,254,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Divisadero Street Capital Management LP bought a new position in shares of EverQuote in the fourth quarter valued at approximately $12,311,000. Freestone Grove Partners LP bought a new position in shares of EverQuote in the fourth quarter valued at approximately $11,618,000. Point72 Asset Management L.P. lifted its holdings in shares of EverQuote by 2,301.4% in the fourth quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company's stock valued at $9,216,000 after purchasing an additional 441,815 shares in the last quarter. Emerald Advisers LLC bought a new position in shares of EverQuote in the first quarter valued at approximately $11,621,000. Finally, Nuveen Asset Management LLC lifted its holdings in shares of EverQuote by 16.4% in the fourth quarter. Nuveen Asset Management LLC now owns 424,410 shares of the company's stock valued at $8,484,000 after purchasing an additional 59,825 shares in the last quarter. Institutional investors own 91.54% of the company's stock.

Insider Transactions at EverQuote

In other news, major shareholder Ventures Lllp Link sold 900,000 shares of the firm's stock in a transaction on Sunday, August 10th. The stock was sold at an average price of $23.33, for a total value of $20,997,000.00. Following the completion of the transaction, the insider directly owned 2,598,154 shares of the company's stock, valued at $60,614,932.82. This trade represents a 25.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Shields sold 2,000 shares of the firm's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $24.30, for a total value of $48,600.00. Following the completion of the transaction, the director directly owned 31,219 shares of the company's stock, valued at $758,621.70. The trade was a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 954,523 shares of company stock valued at $22,308,410. 25.52% of the stock is currently owned by company insiders.

EverQuote Stock Performance

NASDAQ:EVER traded up $0.10 during trading hours on Friday, reaching $23.25. The stock had a trading volume of 948,220 shares, compared to its average volume of 542,694. The stock has a 50 day simple moving average of $24.23 and a 200 day simple moving average of $24.20. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03. The stock has a market cap of $848.93 million, a P/E ratio of 18.75 and a beta of 0.37.

EverQuote (NASDAQ:EVER - Get Free Report) last released its earnings results 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. EverQuote had a return on equity of 36.90% and a net margin of 7.57%.The business had revenue of $156.63 million during the quarter, compared to the consensus estimate of $157.19 million. During the same period last year, the business posted $0.17 earnings per share. The business's revenue for the quarter was up 33.7% on a year-over-year basis. EverQuote has set its Q3 2025 guidance at EPS. On average, equities analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $38.00 price target on shares of EverQuote in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat.com, EverQuote has an average rating of "Buy" and a consensus target price of $32.40.

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.