HighTower Advisors LLC Makes New Investment in EverQuote, Inc. $EVER

Key Points

• HighTower Advisors LLC acquired a new stake in EverQuote, Inc., buying 26,218 shares valued at approximately $687,000, representing 0.07% of the company.
• The company's recent earnings report showed an EPS of $0.39, exceeding analysts' expectations of $0.35, while its revenue increased by 33.7% compared to the same quarter last year.
• Analysts maintain a positive outlook on EverQuote, with an average rating of "Buy" and a price target of $32.40, while its stock currently trades down by 2.3% at $23.15.

HighTower Advisors LLC bought a new stake in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,218 shares of the company's stock, valued at approximately $687,000. HighTower Advisors LLC owned 0.07% of EverQuote at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Barclays PLC boosted its position in shares of EverQuote by 32.0% during the fourth quarter. Barclays PLC now owns 67,305 shares of the company's stock worth $1,346,000 after acquiring an additional 16,322 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of EverQuote by 13.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 297,801 shares of the company's stock worth $5,953,000 after purchasing an additional 35,152 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of EverQuote by 23.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company's stock worth $179,000 after purchasing an additional 1,724 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of EverQuote by 37.1% in the fourth quarter. Hsbc Holdings PLC now owns 29,363 shares of the company's stock worth $578,000 after purchasing an additional 7,944 shares during the last quarter. Finally, Voya Investment Management LLC bought a new position in shares of EverQuote in the fourth quarter worth about $298,000. 91.54% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Jayme Mendal sold 14,360 shares of EverQuote stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 512,780 shares of the company's stock, valued at $11,722,150.80. The trade was a 2.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $24.30, for a total transaction of $48,600.00. Following the transaction, the director directly owned 31,219 shares of the company's stock, valued at approximately $758,621.70. This trade represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 957,250 shares of company stock worth $22,372,509. 25.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

EVER has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Needham & Company LLC reiterated a "buy" rating and set a $38.00 target price on shares of EverQuote in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $32.40.

EverQuote Price Performance

EVER traded down $0.16 during trading on Tuesday, reaching $23.09. 144,213 shares of the company's stock were exchanged, compared to its average volume of 540,307. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $30.03. The stock has a market capitalization of $842.98 million, a P/E ratio of 18.59 and a beta of 0.54. The company's fifty day simple moving average is $24.20 and its 200-day simple moving average is $24.26.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.04. The company had revenue of $156.63 million during the quarter, compared to analyst estimates of $157.19 million. EverQuote had a net margin of 7.57% and a return on equity of 36.90%. EverQuote's revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period last year, the firm posted $0.17 EPS. EverQuote has set its Q3 2025 guidance at EPS. Equities analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current year.

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.