Jacobs Levy Equity Management Inc. Reduces Stock Position in EverQuote, Inc. $EVER

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in EverQuote by 48.5%, now holding approximately 0.14% of the company, valued at $1.28 million.
• New investments in EverQuote from various firms total over $800,000 during the first quarter, indicating growing interest among institutional investors.
• EverQuote reported $0.39 earnings per share in its latest earnings release, beating estimates and showing a 33.7% revenue increase year-over-year.

Jacobs Levy Equity Management Inc. lowered its stake in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 48.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,864 shares of the company's stock after selling 45,959 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.14% of EverQuote worth $1,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of EverQuote by 1,553.2% during the first 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 during the period. Concurrent Investment Advisors LLC purchased a new position in EverQuote in the first quarter worth approximately $244,000. Entropy Technologies LP purchased a new position in EverQuote in the first quarter worth approximately $285,000. GAMMA Investing LLC lifted its stake in EverQuote by 3,600.0% in the first quarter. GAMMA Investing LLC now owns 8,695 shares of the company's stock worth $228,000 after acquiring an additional 8,460 shares during the last quarter. Finally, Emerald Advisers LLC purchased a new position in EverQuote in the first quarter worth approximately $11,621,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

EverQuote Trading Up 1.1%

Shares of EVER traded up $0.26 during mid-day trading on Wednesday, hitting $24.27. 657,635 shares of the company's stock were exchanged, compared to its average volume of 422,531. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03. The firm has a market capitalization of $886.10 million, a P/E ratio of 19.57 and a beta of 0.54. The business's 50 day moving average is $24.12 and its two-hundred day moving average is $24.30.

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 analysts' consensus estimates of $0.35 by $0.04. The firm had revenue of $156.63 million during the quarter, compared to the consensus estimate of $157.19 million. EverQuote had a net margin of 7.57% and a return on equity of 36.90%. The firm's revenue was up 33.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 earnings per share. EverQuote has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reissued a "buy" rating and issued a $38.00 target price on shares of EverQuote in a report 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 company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $32.40.

Insider Transactions at EverQuote

In related news, General Counsel Julia Brncic sold 1,436 shares of the firm'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 completion of the sale, the general counsel owned 119,676 shares in the company, valued at $2,813,582.76. This trade represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Ventures Lllp Link sold 900,000 shares of the firm's stock in a transaction dated Sunday, August 10th. The shares were sold at an average price of $23.33, for a total transaction of $20,997,000.00. Following the completion of the sale, the insider owned 2,598,154 shares of the company's stock, valued at approximately $60,614,932.82. The trade was a 25.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 959,250 shares of company stock valued at $22,420,509 over the last 90 days. Insiders own 25.52% of the company's stock.

EverQuote Company 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.