Jump Financial LLC Boosts Stock Position in EverQuote, Inc. $EVER

Key Points

• Jump Financial LLC increased its stock position in EverQuote, Inc. by 46.8%, owning 105,680 shares valued at approximately $2.77 million, indicating growing institutional interest in the company.
• EverQuote reported a quarterly EPS of $0.39, surpassing analysts' expectations of $0.35, and achieving a 33.7% year-over-year revenue growth.
• Wall Street analysts generally favor EverQuote, with several brokerages raising their price targets, leading to a consensus rating of "Buy" with an average target price of $32.40.

Jump Financial LLC raised its position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 46.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 105,680 shares of the company's stock after buying an additional 33,680 shares during the quarter. Jump Financial LLC owned about 0.30% of EverQuote worth $2,768,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Divisadero Street Capital Management LP purchased a new stake in EverQuote during the fourth quarter valued at approximately $12,311,000. Nuveen LLC acquired a new stake in shares of EverQuote in the 1st quarter worth $15,363,000. Freestone Grove Partners LP acquired a new stake in shares of EverQuote in the 4th quarter worth $11,618,000. Emerald Advisers LLC purchased a new position in EverQuote during the 1st quarter worth $11,621,000. Finally, Point72 Asset Management L.P. increased its position 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 valued at $9,216,000 after buying an additional 441,815 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.

EverQuote Stock Up 1.2%

EverQuote stock opened at $23.48 on Wednesday. The stock has a 50-day moving average price of $24.28 and a 200 day moving average price of $24.19. The company has a market capitalization of $857.25 million, a price-to-earnings ratio of 18.94 and a beta of 0.37. EverQuote, Inc. has a 52 week low of $16.63 and a 52 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 (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $157.19 million. During the same period last year, the firm posted $0.17 EPS. EverQuote'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. Research analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Insider Activity

In other news, Director John L. Shields sold 2,000 shares of the business's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $24.30, for a total value of $48,600.00. Following the completion of the transaction, the director owned 31,219 shares of the company's stock, valued at $758,621.70. The trade was a 6.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jayme Mendal sold 14,360 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $22.86, for a total value of $328,269.60. Following the completion of the sale, the chief executive officer owned 512,780 shares in the company, valued at $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 954,523 shares of company stock valued at $22,308,410 over the last quarter. Insiders own 25.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EVER. JPMorgan Chase & Co. raised their price target on EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $38.00 price objective on shares of EverQuote in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat, EverQuote currently has a consensus rating of "Buy" and an average 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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