Goldman Sachs Group Inc. Trims Stock Position in EverQuote, Inc. $EVER

Key Points

• Goldman Sachs Group Inc. significantly reduced its stake in EverQuote, Inc. by 71.9%, owning 156,114 shares after selling 399,333 shares during the first quarter.
• EverQuote received generally positive ratings from analysts, with a reaffirmed "buy" rating from Needham & Company and a price target of $38.00.
• Insider activity includes major shareholder Ventures Lllp Link selling 900,000 shares for approximately $21 million, indicating a significant reduction in their ownership.

Goldman Sachs Group Inc. decreased its holdings in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 71.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,114 shares of the company's stock after selling 399,333 shares during the period. Goldman Sachs Group Inc. owned about 0.44% of EverQuote worth $4,089,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in shares of EverQuote in the first quarter valued at approximately $157,000. Arizona State Retirement System acquired a new position in shares of EverQuote in the 1st quarter valued at $202,000. Linden Thomas Advisory Services LLC acquired a new position in shares of EverQuote in the 1st quarter valued at $216,000. Cornerstone Investment Partners LLC acquired a new position in shares of EverQuote in the 1st quarter valued at $225,000. Finally, State of Wyoming lifted its position in EverQuote by 51.5% in the 4th quarter. State of Wyoming now owns 11,353 shares of the company's stock valued at $227,000 after acquiring an additional 3,858 shares in the last quarter. Institutional investors own 91.54% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a "buy" rating and issued a $38.00 price objective 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 given a Buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $32.40.

Insider Activity at EverQuote

In other EverQuote news, Director John L. Shields sold 2,000 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $24.00, for a total transaction of $48,000.00. Following the sale, the director owned 29,219 shares of the company's stock, valued at $701,256. The trade was a 6.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jayme Mendal sold 14,360 shares of the business'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 directly owned 512,780 shares in the company, valued at $11,722,150.80. The trade was a 2.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold 944,890 shares of company stock valued at $22,072,997 over the last three months. Insiders own 25.52% of the company's stock.

EverQuote Price Performance

Shares of NASDAQ EVER traded up $0.64 during mid-day trading on Friday, reaching $25.50. 712,282 shares of the company's stock traded hands, compared to its average volume of 427,095. The stock has a market cap of $931.01 million, a P/E ratio of 20.56 and a beta of 0.54. The business has a 50-day simple moving average of $24.13 and a 200 day simple moving average of $24.27. EverQuote, Inc. has a 1-year low of $16.63 and a 1-year high of $30.03.

EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly earnings data 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. EverQuote had a net margin of 7.57% and a return on equity of 36.90%. The firm had revenue of $156.63 million during the quarter, compared to analysts' expectations of $157.19 million. During the same period last year, the company earned $0.17 earnings per share. The business's revenue was up 33.7% on a year-over-year basis. EverQuote has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

EverQuote Company 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.