EverQuote, Inc. $EVER Stake Lowered by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA reduced its stake in EverQuote, Inc. by 69.9%, owning 8,598 shares worth approximately $225,000 after selling 19,965 shares in the first quarter.
• Point72 Asset Management increased its holdings in EverQuote by an impressive 2,301.4% in the fourth quarter, acquiring a total of 461,013 shares valued at about $9.2 million.
• Needham & Company has maintained a "buy" rating on EverQuote with a target price of $38.00, while the stock has a consensus rating of "Buy" with an average price target of $32.40.

Petrus Trust Company LTA decreased its position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 69.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,598 shares of the company's stock after selling 19,965 shares during the period. Petrus Trust Company LTA's holdings in EverQuote were worth $225,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in 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 purchasing an additional 228,663 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in EverQuote during the first quarter worth approximately $244,000. Entropy Technologies LP bought a new stake in EverQuote during the first quarter worth approximately $285,000. GAMMA Investing LLC raised its holdings in EverQuote by 3,600.0% during the first quarter. GAMMA Investing LLC now owns 8,695 shares of the company's stock worth $228,000 after purchasing an additional 8,460 shares in the last quarter. Finally, Emerald Advisers LLC bought a new stake in EverQuote during the first quarter worth approximately $11,621,000. Institutional investors own 91.54% of the company's stock.

EverQuote Stock Performance

Shares of NASDAQ EVER traded down $0.19 during trading on Friday, hitting $24.53. The company had a trading volume of 465,022 shares, compared to its average volume of 426,242. The company has a market cap of $895.59 million, a P/E ratio of 19.78 and a beta of 0.54. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03. The business's 50-day moving average is $24.15 and its 200 day moving average is $24.34.

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, beating 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 was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 earnings per share. EverQuote has set its Q3 2025 guidance at EPS. On average, research analysts expect that EverQuote, Inc. will post 0.72 EPS for the current year.

Insider Activity at EverQuote

In other EverQuote news, major shareholder Ventures Lllp Link sold 900,000 shares of the business's stock in a transaction on 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 sale, the insider directly owned 2,598,154 shares of the company's stock, valued at $60,614,932.82. The trade was a 25.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO David Brainard sold 1,291 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $23.50, for a total transaction of $30,338.50. Following the sale, the chief technology officer directly owned 126,220 shares in the company, valued at approximately $2,966,170. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 959,250 shares of company stock worth $22,420,509. Insiders own 25.52% of the company's stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a "buy" rating and set a $38.00 target price on shares of EverQuote in a 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. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target 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.