Hennessy Advisors Inc. Invests $10.17 Million in EverQuote, Inc. $EVER

Key Points

• Hennessy Advisors Inc. invested approximately $10.17 million in EverQuote, Inc. during the second quarter, purchasing 420,600 shares, which represents about 1.18% of the company's stock.
• In the last quarter, company insiders sold a significant 959,250 shares valued at $22.4 million, indicating notable changes in ownership dynamics.
• EverQuote's stock currently holds a consensus rating of "Buy" from analysts, with a target price set at $32.40, signaling potential growth prospects.

Hennessy Advisors Inc. purchased a new position in EverQuote, Inc. (NASDAQ:EVER - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 420,600 shares of the company's stock, valued at approximately $10,170,000. Hennessy Advisors Inc. owned approximately 1.18% of EverQuote at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in EVER. FNY Investment Advisers LLC bought a new position in shares of EverQuote in the 1st quarter worth $157,000. Arizona State Retirement System purchased a new position in EverQuote during the 1st quarter worth $202,000. Linden Thomas Advisory Services LLC purchased a new position in EverQuote during the 1st quarter worth $216,000. Pallas Capital Advisors LLC purchased a new position in EverQuote during the 2nd quarter worth $222,000. Finally, Cornerstone Investment Partners LLC purchased a new position in EverQuote during the 1st quarter worth $225,000. 91.54% of the stock is owned by institutional investors.

Insider Buying and Selling at EverQuote

In other EverQuote news, Director John L. Shields sold 2,000 shares of the business's stock in a transaction dated Friday, September 5th. The stock was 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 in the company, valued at approximately $701,256. The trade was a 6.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Julia Brncic sold 1,436 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $23.51, for a total value of $33,760.36. Following the sale, the general counsel owned 119,676 shares in the company, valued at approximately $2,813,582.76. The trade was a 1.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 959,250 shares of company stock worth $22,422,920. 25.52% of the stock is owned by corporate insiders.

EverQuote Stock Performance

EverQuote stock opened at $22.27 on Friday. The business's 50-day simple moving average is $23.75 and its two-hundred day simple moving average is $24.09. The company has a market cap of $813.08 million, a PE ratio of 17.96 and a beta of 0.58. 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 posted its quarterly earnings results on Monday, August 4th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. The business had revenue of $156.63 million for the quarter, compared to the consensus estimate of $157.19 million. EverQuote had a return on equity of 36.90% and a net margin of 7.57%.The company's quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 EPS. EverQuote has set its Q3 2025 guidance at EPS. As a group, analysts predict that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EVER has been the topic of several research analyst reports. Wall Street Zen downgraded EverQuote from a "strong-buy" rating to a "buy" rating in a research note on Friday. Needham & Company LLC restated a "buy" rating and set a $38.00 target price on shares of EverQuote in a research note on Tuesday, August 5th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of EverQuote in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $32.40.

About EverQuote

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.

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