Invesco Ltd. Makes New Investment in EverQuote, Inc. $EVER

Key Points

• Invesco Ltd. has acquired a new stake in EverQuote, Inc. worth approximately $558,000 by purchasing 21,311 shares, representing about 0.06% of the company.
• EverQuote reported earnings of $0.39 per share for the last quarter, exceeding analyst expectations, while also showing a 33.7% year-over-year revenue growth.
• Institutional ownership of EverQuote is high, with institutional investors and hedge funds holding around 91.54% of the company's stock as of the latest disclosures.

Invesco Ltd. acquired a new stake in EverQuote, Inc. (NASDAQ:EVER - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 21,311 shares of the company's stock, valued at approximately $558,000. Invesco Ltd. owned approximately 0.06% of EverQuote at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EVER. Emerald Advisers LLC acquired a new stake in shares of EverQuote in the 1st quarter valued at $11,621,000. Point72 Asset Management L.P. raised its stake in EverQuote by 2,301.4% during the 4th quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company's stock worth $9,216,000 after acquiring an additional 441,815 shares in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in EverQuote during the 1st quarter worth $8,383,000. Allspring Global Investments Holdings LLC raised its stake in EverQuote by 1,553.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 243,385 shares of the company's stock worth $6,464,000 after acquiring an additional 228,663 shares in the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new stake in EverQuote during the 4th quarter worth $2,713,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

EverQuote Stock Up 6.3%

Shares of NASDAQ EVER traded up $1.47 during midday trading on Thursday, hitting $24.72. The company had a trading volume of 612,236 shares, compared to its average volume of 433,867. EverQuote, Inc. has a twelve month low of $16.63 and a twelve month high of $30.03. The business has a 50-day simple moving average of $24.14 and a two-hundred day simple moving average of $24.34. The firm has a market capitalization of $902.53 million, a price-to-earnings ratio of 19.94 and a beta of 0.54.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.39 EPS for the quarter, beating 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 firm had revenue of $156.63 million during the quarter, compared to analysts' expectations of $157.19 million. During the same quarter last year, the business earned $0.17 earnings per share. The business's revenue for the quarter was up 33.7% compared to the same quarter last year. EverQuote has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current year.

Analyst Ratings Changes

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

Insider Activity at EverQuote

In other EverQuote news, General Counsel Julia Brncic sold 1,808 shares of EverQuote stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $24.31, for a total transaction of $43,952.48. Following the completion of the transaction, the general counsel owned 123,397 shares in the company, valued at approximately $2,999,781.07. The trade was a 1.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jayme Mendal sold 14,360 shares of EverQuote stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $22.86, for a total transaction of $328,269.60. Following the transaction, the chief executive officer owned 512,780 shares of the company's stock, valued at approximately $11,722,150.80. The trade was a 2.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 959,250 shares of company stock valued at $22,420,509 in the last quarter. 25.52% of the stock is owned by corporate insiders.

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.