Virtus Advisers LLC Buys New Position in EverQuote, Inc. $EVER

Key Points

• Virtus Advisers LLC invested $288,000 in EverQuote, acquiring 11,000 shares, marking a strategic entry into the company during the first quarter.
• EverQuote reported a 33.7% increase in revenue year-over-year and earnings of $0.39 per share, exceeding analyst expectations.
• Analysts generally maintain a positive outlook on EverQuote, with target prices raised and an average rating of "Buy" reflecting strong market confidence.

Virtus Advisers LLC purchased a new stake in EverQuote, Inc. (NASDAQ:EVER - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,000 shares of the company's stock, valued at approximately $288,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Walleye Capital LLC acquired a new position in shares of EverQuote in the 1st quarter valued at $1,150,000. Jump Financial LLC boosted its position in shares of EverQuote by 46.8% in the 1st quarter. Jump Financial LLC now owns 105,680 shares of the company's stock valued at $2,768,000 after purchasing an additional 33,680 shares during the period. Quantbot Technologies LP boosted its position in shares of EverQuote by 43.2% in the 1st quarter. Quantbot Technologies LP now owns 65,573 shares of the company's stock valued at $1,717,000 after purchasing an additional 19,780 shares during the period. Versor Investments LP boosted its position in EverQuote by 115.2% during the 1st quarter. Versor Investments LP now owns 45,400 shares of the company's stock worth $1,189,000 after acquiring an additional 24,300 shares during the period. Finally, Algert Global LLC boosted its position in EverQuote by 3.8% during the 1st quarter. Algert Global LLC now owns 53,658 shares of the company's stock worth $1,405,000 after acquiring an additional 1,940 shares during the period. Institutional investors and hedge funds own 91.54% of the company's stock.

Insider Buying and Selling

In other EverQuote news, CEO Jayme Mendal sold 14,360 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $22.86, for a total value of $328,269.60. Following the transaction, the chief executive officer 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Julia Brncic sold 1,808 shares of the company's stock in a transaction on 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 $2,999,781.07. This trade represents a 1.44% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 954,523 shares of company stock valued at $22,308,410. Insiders own 25.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EVER shares. JPMorgan Chase & Co. raised their price objective on EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Needham & Company LLC reiterated a "buy" rating and set a $38.00 price target 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 stock. Based on data from MarketBeat.com, EverQuote currently has a consensus rating of "Buy" and a consensus price target of $32.40.

EverQuote Trading Up 0.4%

EVER stock traded up $0.10 during trading on Friday, hitting $23.25. The company had a trading volume of 948,219 shares, compared to its average volume of 542,691. The company has a fifty day moving average price of $24.23 and a two-hundred day moving average price of $24.20. The company has a market cap of $848.93 million, a P/E ratio of 18.75 and a beta of 0.37. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03.

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, topping analysts' consensus estimates of $0.35 by $0.04. The company had revenue of $156.63 million for the quarter, compared to analyst estimates of $157.19 million. EverQuote had a return on equity of 36.90% and a net margin of 7.57%.The business's revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.17 earnings per share. EverQuote has set its Q3 2025 guidance at EPS. On average, analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current year.

EverQuote 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.