Nuveen LLC Takes Position in EverQuote, Inc. $EVER

Key Points

• Nuveen LLC made a new investment in EverQuote, Inc., acquiring approximately $15.36 million worth of shares, representing about 1.64% ownership in the company.
• Insider trading activity saw CEO Jayme Mendal selling 14,360 shares for over $357,000, while a major shareholder also sold 900,000 shares for around $21 million.
• EverQuote's stock price has recently experienced fluctuations, with a current market cap of $837.17 million and a 12-month price range between $16.63 and $30.03.

Nuveen LLC bought a new stake in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 586,587 shares of the company's stock, valued at approximately $15,363,000. Nuveen LLC owned about 1.64% of EverQuote at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in EVER. FNY Investment Advisers LLC bought a new stake in shares of EverQuote during the 1st quarter valued at about $157,000. Tower Research Capital LLC TRC boosted its position in shares of EverQuote by 23.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company's stock valued at $179,000 after acquiring an additional 1,724 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of EverQuote during the 4th quarter valued at about $180,000. Arizona State Retirement System bought a new stake in shares of EverQuote during the 1st quarter valued at about $202,000. Finally, Linden Thomas Advisory Services LLC bought a new stake in shares of EverQuote during the 1st quarter valued at about $216,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

EverQuote Stock Up 1.2%

Shares of EVER traded up $0.27 during mid-day trading on Tuesday, hitting $23.48. 333,896 shares of the company's stock traded hands, compared to its average volume of 526,564. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $30.03. The firm has a market capitalization of $857.25 million, a P/E ratio of 18.94 and a beta of 0.37. The business's 50-day moving average price is $24.28 and its 200-day moving average price is $24.19.

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

Insiders Place Their Bets

In other EverQuote news, major shareholder Ventures Lllp Link sold 900,000 shares of the company'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 transaction, the insider owned 2,598,154 shares in the company, valued at approximately $60,614,932.82. This 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 sale, the director directly owned 31,219 shares in the company, valued at approximately $758,621.70. The trade was a 6.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 954,523 shares of company stock valued at $22,308,410. Company insiders own 25.52% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EVER. Needham & Company LLC reiterated a "buy" rating and set a $38.00 price target on shares of EverQuote in a research report on Tuesday, August 5th. JPMorgan Chase & Co. boosted their target price on EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $32.40.

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.