EverQuote, Inc. $EVER Shares Sold by Goldman Sachs Group Inc.

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. lowered its stake in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 71.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 156,114 shares of the company's stock after selling 399,333 shares during the quarter. Goldman Sachs Group Inc. owned about 0.44% of EverQuote worth $4,089,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Acadian Asset Management LLC lifted its holdings in shares of EverQuote by 13.2% during the first quarter. Acadian Asset Management LLC now owns 856,248 shares of the company's stock worth $22,413,000 after purchasing an additional 99,743 shares during the period. Nuveen LLC acquired a new stake in EverQuote in the first quarter valued at approximately $15,363,000. Emerald Advisers LLC acquired a new stake in shares of EverQuote in the 1st quarter valued at about $11,621,000. Nuveen Asset Management LLC lifted its stake in EverQuote by 16.4% during the fourth quarter. Nuveen Asset Management LLC now owns 424,410 shares of the company's stock worth $8,484,000 after purchasing an additional 59,825 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its stake in EverQuote by 47.2% in the fourth quarter. Squarepoint Ops LLC now owns 371,595 shares of the company's stock valued at $7,428,000 after buying an additional 119,189 shares during the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a "buy" rating and set a $38.00 price target on shares of EverQuote in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $32.40.

Insider Buying and Selling

In other news, General Counsel Julia Brncic sold 1,436 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $23.51, for a total transaction of $33,760.36. Following the transaction, the general counsel directly owned 119,676 shares of the company's stock, valued at $2,813,582.76. This represents a 1.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Shields sold 2,000 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $24.00, for a total value of $48,000.00. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 944,890 shares of company stock worth $22,072,997 in the last 90 days. 25.52% of the stock is currently owned by company insiders.

EverQuote Stock Performance

NASDAQ:EVER traded up $0.64 during mid-day trading on Friday, hitting $25.50. 712,282 shares of the stock were exchanged, compared to its average volume of 440,428. The stock has a market capitalization of $931.01 million, a price-to-earnings ratio of 20.56 and a beta of 0.54. The firm's 50-day simple moving average is $24.13 and its 200 day simple moving average is $24.26. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03.

EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.39 EPS for the quarter, beating 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 firm had revenue of $156.63 million for the quarter, compared to analyst estimates of $157.19 million. During the same quarter in the previous year, the company posted $0.17 EPS. The business's revenue was up 33.7% on a year-over-year basis. EverQuote has set its Q3 2025 guidance at EPS. On average, analysts predict that EverQuote, Inc. will post 0.72 EPS for the current fiscal 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.