Charles Schwab Investment Management Inc. Sells 61,472 Shares of EverQuote, Inc. $EVER

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in EverQuote, Inc. by 19.9%, selling 61,472 shares, and now owns about 0.69% of the company valued at approximately $6.49 million.
• Major shareholder Ventures Lllp Link sold 900,000 shares of EverQuote, resulting in a 25.73% decrease in their ownership, while insiders have sold a total of 954,523 shares over the past three months.
• EverQuote's stock received a buy rating from several brokerages, with an average price target of $32.40, and the company reported earnings of $0.39 EPS, exceeding expectations.

Charles Schwab Investment Management Inc. trimmed its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 19.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 247,872 shares of the company's stock after selling 61,472 shares during the period. Charles Schwab Investment Management Inc. owned 0.69% of EverQuote worth $6,492,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Investment Advisers bought a new position in EverQuote in the first quarter valued at about $407,000. Legato Capital Management LLC increased its stake in shares of EverQuote by 75.4% in the first quarter. Legato Capital Management LLC now owns 55,308 shares of the company's stock valued at $1,449,000 after buying an additional 23,781 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in EverQuote in the 1st quarter valued at approximately $441,000. Jackson Creek Investment Advisors LLC acquired a new stake in EverQuote during the 1st quarter worth approximately $1,523,000. Finally, Sigma Planning Corp bought a new stake in EverQuote during the 1st quarter worth approximately $289,000. Institutional investors own 91.54% of the company's stock.

Analysts Set New Price Targets

EVER has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $38.00 target price on shares of EverQuote in a research 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $32.40.

EverQuote Stock Performance

Shares of NASDAQ:EVER traded up $0.10 during trading on Monday, reaching $23.25. The stock had a trading volume of 977,211 shares, compared to its average volume of 536,666. The firm's fifty day moving average is $24.20 and its 200 day moving average is $24.26. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03. The stock has a market cap of $848.86 million, a price-to-earnings ratio of 18.75 and a beta of 0.54.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.39 earnings per share 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%. EverQuote's quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 earnings per share. EverQuote has set its Q3 2025 guidance at EPS. On average, research analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jayme Mendal sold 14,360 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was 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 $11,722,150.80. This represents a 2.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO David Brainard sold 5,710 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $24.57, for a total value of $140,294.70. Following the sale, the chief technology officer directly owned 128,720 shares of the company's stock, valued at $3,162,650.40. This represents a 4.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 957,250 shares of company stock worth $22,372,509 over the last three months. Insiders own 25.52% of the company's stock.

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.