EverQuote, Inc. $EVER Stock Holdings Lessened by Charles Schwab Investment Management Inc.

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. cut its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 19.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 247,872 shares of the company's stock after selling 61,472 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.69% of EverQuote worth $6,492,000 at the end of the most recent quarter.

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

Insider Transactions at EverQuote

In other EverQuote news, major shareholder Ventures Lllp Link sold 900,000 shares of EverQuote stock in a transaction that occurred on Sunday, August 10th. The shares were sold at an average price of $23.33, for a total value of $20,997,000.00. Following the completion of the sale, the insider directly owned 2,598,154 shares in the company, valued at $60,614,932.82. The trade was 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 through the SEC website. Also, CTO David Brainard sold 5,710 shares of EverQuote stock in a transaction that occurred on Monday, July 7th. The shares were 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 owned 128,720 shares of the company's stock, valued at $3,162,650.40. This trade represents a 4.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 954,523 shares of company stock valued at $22,308,410. Insiders own 25.52% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EVER. Needham & Company LLC reaffirmed a "buy" rating and issued a $38.00 price objective on shares of EverQuote in a research note on Tuesday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat, EverQuote currently has an average rating of "Buy" and an average price target of $32.40.

EverQuote Stock Performance

EVER stock opened at $23.48 on Wednesday. The stock has a market cap of $857.25 million, a P/E ratio of 18.94 and a beta of 0.37. The firm has a 50 day simple moving average of $24.28 and a 200 day simple moving average of $24.19. 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 earnings results on Monday, August 4th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. The firm had revenue of $156.63 million during the quarter, compared to analysts' expectations of $157.19 million. EverQuote had a net margin of 7.57% and a return on equity of 36.90%. The company's revenue was up 33.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 earnings per share. EverQuote has set its Q3 2025 guidance at EPS. Sell-side analysts predict that EverQuote, Inc. will post 0.72 EPS 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.

Want to see what other hedge funds are holding EVER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EverQuote, Inc. (NASDAQ:EVER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.