SG Americas Securities LLC Has $6.61 Million Stock Holdings in EverQuote, Inc. $EVER

Key Points

• SG Americas Securities LLC increased its EverQuote stake by 1,100.6% in Q4, buying 224,535 shares to hold 244,937 shares worth about $6.61 million (0.68% of the company).
• EverQuote reported a strong quarter, with $1.54 EPS (vs. $0.35 expected) and $195.32M revenue (up 32.3% YoY); the company has a market cap of ~$555.6M and a P/E of 5.84.
• Insiders sold 40,889 shares (~$847,054) last quarter—including sales by CTO David Brainard and director John L. Shields—while corporate insiders still own 25.52% of the stock.

SG Americas Securities LLC lifted its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 1,100.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 244,937 shares of the company's stock after purchasing an additional 224,535 shares during the quarter. SG Americas Securities LLC owned 0.68% of EverQuote worth $6,613,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Comerica Bank boosted its position in EverQuote by 235.4% in the third quarter. Comerica Bank now owns 1,100 shares of the company's stock valued at $25,000 after buying an additional 772 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of EverQuote by 108.9% during the third quarter. Versant Capital Management Inc now owns 1,153 shares of the company's stock worth $26,000 after buying an additional 601 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of EverQuote during the third quarter worth approximately $52,000. Jones Financial Companies Lllp raised its stake in shares of EverQuote by 595.8% in the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company's stock valued at $62,000 after acquiring an additional 2,246 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in shares of EverQuote by 25.8% in the second quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company's stock valued at $68,000 after acquiring an additional 573 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

Insider Transactions at EverQuote

In other news, CTO David Brainard sold 5,709 shares of the business's stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $25.05, for a total transaction of $143,010.45. Following the completion of the sale, the chief technology officer owned 101,603 shares in the company, valued at $2,545,155.15. The trade was a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John L. Shields sold 2,000 shares of the company's stock in a transaction on Monday, January 12th. The shares were sold at an average price of $25.73, for a total value of $51,460.00. Following the transaction, the director directly owned 25,219 shares in the company, valued at $648,884.87. This trade represents a 7.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,889 shares of company stock valued at $847,054 over the last quarter. Corporate insiders own 25.52% of the company's stock.

EverQuote Trading Down 1.5%

Shares of EVER stock opened at $15.42 on Wednesday. EverQuote, Inc. has a 1 year low of $13.93 and a 1 year high of $28.73. The firm's 50 day moving average is $17.29 and its 200-day moving average is $21.92. The firm has a market capitalization of $555.58 million, a price-to-earnings ratio of 5.84 and a beta of 0.54.

EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly earnings results on Monday, February 23rd. The company reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $1.19. EverQuote had a net margin of 14.34% and a return on equity of 57.65%. The business had revenue of $195.32 million during the quarter, compared to analyst estimates of $176.82 million. During the same quarter last year, the business posted $0.33 earnings per share. EverQuote's revenue for the quarter was up 32.3% compared to the same quarter last year. On average, equities research analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Canaccord Genuity Group decreased their price target on EverQuote from $33.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, February 24th. Raymond James Financial reiterated an "outperform" rating and issued a $18.00 price objective on shares of EverQuote in a research report on Tuesday, February 17th. Craig Hallum reissued a "buy" rating and issued a $20.00 price objective on shares of EverQuote in a research note on Tuesday, February 24th. Needham & Company LLC decreased their target price on EverQuote from $40.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, February 24th. Finally, B. Riley Financial lowered their target price on EverQuote from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Tuesday, February 24th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.83.

About EverQuote

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company's core business centers on a quote-comparison engine for personal auto, home, and health insurance products.

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