EverQuote, Inc. $EVER Shares Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its stake in EverQuote, Inc. by 43.2% in Q1, owning approximately $1.72 million worth of shares.
• Insider transactions indicate significant selling activity, with the General Counsel selling 1,808 shares and a major shareholder divesting 900,000 shares.
• Analysts have a generally positive outlook on EverQuote, with an average rating of "Buy" and a price target of $32.40.

Quantbot Technologies LP increased its holdings in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 43.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,573 shares of the company's stock after buying an additional 19,780 shares during the period. Quantbot Technologies LP owned about 0.18% of EverQuote worth $1,717,000 as of its most recent filing with the Securities & Exchange Commission.

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

EverQuote Trading Up 0.5%

Shares of NASDAQ EVER traded up $0.12 during midday trading on Wednesday, reaching $23.60. The company's stock had a trading volume of 44,065 shares, compared to its average volume of 540,015. The stock has a 50 day simple moving average of $24.28 and a 200-day simple moving average of $24.19. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03. The stock has a market capitalization of $861.64 million, a price-to-earnings ratio of 18.95 and a beta of 0.37.

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

Insiders Place Their Bets

In other news, CEO Jayme Mendal sold 14,360 shares of the business's stock in a transaction that occurred on 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 directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Julia Brncic sold 1,808 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $24.31, for a total value of $43,952.48. Following the completion of the sale, the general counsel directly owned 123,397 shares in the company, valued at $2,999,781.07. This trade represents a 1.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 954,523 shares of company stock worth $22,308,410. 25.52% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EVER has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Needham & Company LLC restated a "buy" rating and set a $38.00 price target on shares of EverQuote in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat, EverQuote presently has an average rating of "Buy" and an average price target of $32.40.

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.