Toronado Partners LLC Raises Holdings in EverQuote, Inc. $EVER

Toronado Partners LLC raised its stake in EverQuote, Inc. (NASDAQ:EVER) by 14.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 531,884 shares of the company’s stock after acquiring an additional 68,271 shares during the period. EverQuote accounts for about 9.1% of Toronado Partners LLC’s investment portfolio, making the stock its 6th biggest holding. Toronado Partners LLC’s holdings in EverQuote were worth $12,861,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. bought a new stake in shares of EverQuote in the 1st quarter worth approximately $983,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in EverQuote in the first quarter worth $441,000. Cetera Investment Advisers bought a new stake in EverQuote in the first quarter valued at $407,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in EverQuote by 42.0% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 219,188 shares of the company’s stock valued at $5,741,000 after buying an additional 64,816 shares during the last quarter. Finally, Sierra Summit Advisors LLC boosted its holdings in shares of EverQuote by 24.4% during the first quarter. Sierra Summit Advisors LLC now owns 36,379 shares of the company’s stock valued at $953,000 after acquiring an additional 7,124 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

EverQuote Price Performance

EverQuote stock opened at $26.63 on Friday. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03. The stock has a market capitalization of $957.61 million, a PE ratio of 18.62 and a beta of 0.53. The firm has a 50 day simple moving average of $22.90 and a 200-day simple moving average of $23.73.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, November 3rd. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.37 by $0.13. The firm had revenue of $173.94 million for the quarter, compared to analysts’ expectations of $166.09 million. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.The firm’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 earnings per share. EverQuote has set its Q4 2025 guidance at EPS. On average, analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Transactions at EverQuote

In other news, CEO Jayme Mendal sold 14,360 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $23.55, for a total value of $338,178.00. Following the completion of the sale, the chief executive officer owned 452,412 shares in the company, valued at $10,654,302.60. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $20.78, for a total value of $41,560.00. Following the transaction, the director directly owned 27,219 shares in the company, valued at approximately $565,610.82. The trade was a 6.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 55,903 shares of company stock valued at $1,257,785. Corporate insiders own 25.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on EVER shares. Wall Street Zen cut shares of EverQuote from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Needham & Company LLC raised their price target on shares of EverQuote from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Zacks Research raised EverQuote from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of EverQuote in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their target price on EverQuote from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $33.75.

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.