EverQuote, Inc. $EVER Position Boosted by Versor Investments LP

Key Points

• Versor Investments LP increased its stake in EverQuote by 115.2% during the 1st quarter, now owning 45,400 shares valued at approximately $1,189,000.
• Insiders at EverQuote have sold a total of 962,043 shares worth over $22 million in the last three months, reducing their positions significantly.
• EverQuote reported earnings of $0.39 EPS for the last quarter, which exceeded analysts' expectations, alongside a 33.7% year-over-year revenue increase.

Versor Investments LP boosted its stake in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 115.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,400 shares of the company's stock after buying an additional 24,300 shares during the period. Versor Investments LP owned 0.13% of EverQuote worth $1,189,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EVER. Divisadero Street Capital Management LP bought a new position in EverQuote in the 4th quarter valued at about $12,311,000. Nuveen LLC bought a new position in EverQuote in the 1st quarter valued at about $15,363,000. Freestone Grove Partners LP bought a new position in EverQuote in the 4th quarter valued at about $11,618,000. Emerald Advisers LLC bought a new position in EverQuote in the 1st quarter valued at about $11,621,000. Finally, Point72 Asset Management L.P. grew its position in EverQuote by 2,301.4% in the 4th quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company's stock valued at $9,216,000 after buying an additional 441,815 shares in the last quarter. Institutional investors own 91.54% of the company's stock.

EverQuote Trading Up 3.4%

EVER stock traded up $0.77 during mid-day trading on Friday, reaching $23.38. 445,604 shares of the stock traded hands, compared to its average volume of 542,680. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $30.03. The company has a market cap of $853.67 million, a P/E ratio of 18.85 and a beta of 0.37. The stock's fifty day moving average is $24.32 and its 200-day moving average is $24.15.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $157.19 million. During the same period in the prior 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. Equities research analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Insider Activity at EverQuote

In other EverQuote news, CEO Jayme Mendal sold 14,360 shares of EverQuote stock in a transaction dated 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 owned 512,780 shares of the company's stock, valued at $11,722,150.80. The trade was a 2.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Julia Brncic sold 1,808 shares of EverQuote stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $24.31, for a total value of $43,952.48. Following the transaction, the general counsel directly owned 123,397 shares in the company, valued at approximately $2,999,781.07. This trade represents a 1.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 955,814 shares of company stock worth $22,338,245. Company insiders own 25.52% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EVER. Needham & Company LLC reiterated a "buy" rating and issued a $38.00 target price on shares of EverQuote in a research report on Tuesday, August 5th. JPMorgan Chase & Co. lifted their target price on EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. One 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, EverQuote presently has an average rating of "Buy" and an average target price 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.