EverQuote, Inc. $EVER Position Increased by Ieq Capital LLC

Key Points

• Ieq Capital LLC increased its stake in EverQuote, Inc. by 66.0%, acquiring an additional 11,249 shares and bringing its holdings to 28,300 shares valued at $741,000.
• Several analysts have issued a "buy" rating for EverQuote, with Needham & Company setting a price target of $38.00 and JPMorgan Chase raising theirs to $30.00.
• Major shareholder Ventures Lllp Link sold 900,000 shares for approximately $21 million, which represents a 25.73% decrease in their ownership of EverQuote stock.

Ieq Capital LLC raised its holdings in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 66.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,300 shares of the company's stock after purchasing an additional 11,249 shares during the period. Ieq Capital LLC owned 0.08% of EverQuote worth $741,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EVER. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in EverQuote by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,383 shares of the company's stock worth $288,000 after purchasing an additional 608 shares during the period. Corton Capital Inc. lifted its stake in EverQuote by 3.4% in the 4th quarter. Corton Capital Inc. now owns 21,592 shares of the company's stock worth $432,000 after purchasing an additional 714 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of EverQuote by 23.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company's stock worth $179,000 after buying an additional 1,724 shares during the last quarter. Algert Global LLC increased its holdings in shares of EverQuote by 3.8% in the 1st quarter. Algert Global LLC now owns 53,658 shares of the company's stock worth $1,405,000 after buying an additional 1,940 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in EverQuote by 11.8% during the 4th quarter. California State Teachers Retirement System now owns 24,781 shares of the company's stock valued at $495,000 after purchasing an additional 2,624 shares during the last quarter. Institutional investors own 91.54% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reissued a "buy" rating and issued a $38.00 price objective on shares of EverQuote in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $32.40.

EverQuote Trading Down 1.1%

EVER stock traded down $0.25 during trading on Friday, reaching $23.54. 368,196 shares of the stock were exchanged, compared to its average volume of 477,683. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $30.03. The business has a 50 day moving average price of $24.16 and a 200-day moving average price of $24.28. The firm has a market capitalization of $859.52 million, a price-to-earnings ratio of 18.98 and a beta of 0.54.

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

Insider Buying and Selling

In other news, major shareholder Ventures Lllp Link sold 900,000 shares of the firm's stock in a transaction 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 owned 2,598,154 shares in the company, valued at approximately $60,614,932.82. This trade represents a 25.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Shields sold 2,000 shares of the firm's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $24.30, for a total transaction of $48,600.00. Following the completion of the sale, the director owned 31,219 shares of the company's stock, valued at $758,621.70. This trade represents a 6.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 957,250 shares of company stock worth $22,372,509. 25.52% of the stock is currently owned by insiders.

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.