Walleye Capital LLC Buys New Stake in EverQuote, Inc. $EVER

Key Points

• Walleye Capital LLC has invested $1.15 million in EverQuote, acquiring 43,921 shares and holding 0.12% of the company as of its latest SEC filing.
• Insider transactions reveal that EverQuote's CTO and General Counsel sold shares, with corporate insiders collectively owning 25.52% of the company's stock.
• EverQuote reported earnings per share of $0.39, exceeding expectations, while analysts have set an average price target of $32.40 for the stock.

Walleye Capital LLC bought a new position in EverQuote, Inc. (NASDAQ:EVER - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 43,921 shares of the company's stock, valued at approximately $1,150,000. Walleye Capital LLC owned about 0.12% of EverQuote at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new stake in shares of EverQuote in the 1st quarter worth about $157,000. Tower Research Capital LLC TRC lifted its holdings 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 worth $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 worth about $180,000. Arizona State Retirement System bought a new stake in shares of EverQuote in the 1st quarter worth about $202,000. Finally, Linden Thomas Advisory Services LLC bought a new stake in shares of EverQuote in the 1st quarter worth about $216,000. Institutional investors own 91.54% of the company's stock.

EverQuote Price Performance

NASDAQ:EVER traded up $0.01 during trading hours on Tuesday, hitting $23.26. 337,438 shares of the company were exchanged, compared to its average volume of 506,258. The stock has a market capitalization of $849.22 million, a price-to-earnings ratio of 18.76 and a beta of 0.54. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $30.03. The company's 50 day moving average price is $24.18 and its 200-day moving average price is $24.25.

EverQuote (NASDAQ:EVER - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. The company had revenue of $156.63 million for the quarter, compared to the consensus estimate of $157.19 million. EverQuote had a net margin of 7.57% and a return on equity of 36.90%. EverQuote's revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 EPS. EverQuote has set its Q3 2025 guidance at EPS. On average, equities analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Insider Buying and Selling at EverQuote

In other EverQuote news, General Counsel Julia Brncic sold 1,436 shares of EverQuote stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $23.51, for a total transaction of $33,760.36. Following the completion of the sale, the general counsel directly owned 119,676 shares in the company, valued at approximately $2,813,582.76. The trade was a 1.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO David Brainard sold 1,291 shares of EverQuote stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $23.50, for a total transaction of $30,338.50. Following the sale, the chief technology officer owned 126,220 shares of the company's stock, valued at approximately $2,966,170. The trade was a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 957,250 shares of company stock worth $22,372,509. Corporate insiders own 25.52% of the company's stock.

Analyst Upgrades and Downgrades

EVER has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Needham & Company LLC reiterated a "buy" rating and set 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 issued a Buy rating to the company. According to MarketBeat, EverQuote has a consensus 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.