EverQuote, Inc. $EVER Shares Acquired by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. significantly increased its stake in EverQuote, Inc. by purchasing 54,741 shares, raising its total holdings by 358.7% to 70,000 shares, valued at approximately $1.84 million.
• EverQuote reported $0.39 earnings per share for the most recent quarter, outpacing the expected $0.35, with revenues showing a 33.7% year-over-year increase.
• Top research firms maintain a positive outlook on EverQuote, with a consensus rating of "Buy" and a price target of $32.40, indicating expected growth potential for the stock.

Russell Investments Group Ltd. boosted its position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 358.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,000 shares of the company's stock after buying an additional 54,741 shares during the period. Russell Investments Group Ltd. owned 0.20% of EverQuote worth $1,837,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in 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 purchasing an additional 228,663 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in EverQuote during the 1st quarter worth $244,000. Entropy Technologies LP acquired a new stake in EverQuote during the 1st quarter worth $285,000. GAMMA Investing LLC grew its holdings in shares of 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 buying an additional 8,460 shares in the last quarter. Finally, Emerald Advisers LLC acquired a new stake in shares of EverQuote in the first quarter valued at about $11,621,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised 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 reiterated a "buy" rating and issued a $38.00 price objective on shares of EverQuote in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat, EverQuote currently has an average rating of "Buy" and an average price target of $32.40.

Insider Transactions at EverQuote

In related news, major shareholder Ventures Lllp Link sold 900,000 shares of the stock in a transaction that occurred on Sunday, August 10th. The stock was sold at an average price of $23.33, for a total value of $20,997,000.00. Following the completion of the transaction, the insider directly owned 2,598,154 shares in the company, valued at approximately $60,614,932.82. This represents a 25.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John L. Shields sold 2,000 shares of the firm's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $24.30, for a total value of $48,600.00. Following the sale, the director directly owned 31,219 shares of the company's stock, valued at approximately $758,621.70. This trade represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 957,250 shares of company stock valued at $22,372,509 in the last ninety days. 25.52% of the stock is currently owned by corporate insiders.

EverQuote Trading Up 0.4%

EverQuote stock traded up $0.10 during midday trading on Monday, hitting $23.25. 977,211 shares of the stock were exchanged, compared to its average volume of 536,666. The stock's 50-day simple moving average is $24.20 and its 200 day simple moving average is $24.26. 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 $848.86 million, a price-to-earnings ratio of 18.75 and a beta of 0.54.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $157.19 million. During the same period in the previous year, the business posted $0.17 EPS. EverQuote's revenue was up 33.7% on a year-over-year basis. EverQuote has set its Q3 2025 guidance at EPS. Equities analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

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.