Virtus Advisers LLC Makes New Investment 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 acquired a new position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,000 shares of the company's stock, valued at approximately $288,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EVER. FNY Investment Advisers LLC bought a new stake in shares of EverQuote in the 1st quarter valued at about $157,000. Tower Research Capital LLC TRC increased its stake in shares of EverQuote by 23.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company's stock valued at $179,000 after acquiring an additional 1,724 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of EverQuote in the 4th quarter valued at about $180,000. Arizona State Retirement System bought a new stake in shares of EverQuote in the 1st quarter valued at about $202,000. Finally, Linden Thomas Advisory Services LLC bought a new stake in shares of EverQuote in the 1st quarter valued at about $216,000. 91.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, General Counsel Julia Brncic sold 1,808 shares of the business's stock in a transaction that occurred 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 transaction, the general counsel directly owned 123,397 shares in the company, valued at approximately $2,999,781.07. The trade was a 1.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jayme Mendal sold 14,360 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $22.86, for a total value of $328,269.60. Following the completion of the transaction, the chief executive officer owned 512,780 shares of the company's stock, valued at $11,722,150.80. This represents a 2.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 957,250 shares of company stock worth $22,372,509 in the last three months. 25.52% of the stock is owned by corporate insiders.

EverQuote Stock Up 0.4%

Shares of EVER traded up $0.10 on Friday, hitting $23.25. The company's stock had a trading volume of 977,211 shares, compared to its average volume of 507,730. The firm's fifty day moving average price is $24.21 and its 200-day moving average price is $24.23. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03. The firm has a market capitalization of $848.86 million, a price-to-earnings ratio of 18.75 and a beta of 0.37.

EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.39 earnings per share (EPS) for the quarter, beating 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 business had revenue of $156.63 million during the quarter, compared to analyst estimates of $157.19 million. During the same period in the previous year, the firm earned $0.17 EPS. EverQuote's quarterly revenue was up 33.7% compared to the same quarter last year. EverQuote has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EVER has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $38.00 price target on shares of EverQuote in a research note on Tuesday, August 5th. One equities research 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 currently has an average rating of "Buy" and an average price target of $32.40.

About EverQuote

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.