Pacer Advisors Inc. Sells 41,019 Shares of EverQuote, Inc. $EVER

Pacer Advisors Inc. lessened its holdings in EverQuote, Inc. (NASDAQ:EVER) by 25.8% in the 4th quarter, Holdings Channel reports. The firm owned 118,151 shares of the company’s stock after selling 41,019 shares during the quarter. Pacer Advisors Inc.’s holdings in EverQuote were worth $3,190,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Intrinsic Edge Capital Management LLC bought a new position in EverQuote during the third quarter valued at about $1,830,000. SG Americas Securities LLC raised its stake in shares of EverQuote by 1,100.6% in the 4th quarter. SG Americas Securities LLC now owns 244,937 shares of the company’s stock valued at $6,613,000 after acquiring an additional 224,535 shares in the last quarter. Legato Capital Management LLC lifted its holdings in EverQuote by 179.9% in the 4th quarter. Legato Capital Management LLC now owns 86,717 shares of the company’s stock worth $2,341,000 after purchasing an additional 55,741 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in EverQuote by 29.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 616,717 shares of the company’s stock worth $15,683,000 after purchasing an additional 141,026 shares during the period. Finally, Lisanti Capital Growth LLC bought a new stake in EverQuote during the fourth quarter worth approximately $3,853,000. 91.54% of the stock is currently owned by institutional investors.

EverQuote Trading Up 1.2%

Shares of EverQuote stock opened at $20.75 on Wednesday. EverQuote, Inc. has a 1 year low of $13.88 and a 1 year high of $28.73. The company’s fifty day simple moving average is $18.50 and its 200-day simple moving average is $19.80. The company has a market cap of $747.62 million, a price-to-earnings ratio of 7.06 and a beta of 0.65.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, May 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.43 by $0.08. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The firm had revenue of $190.85 million during the quarter, compared to analysts’ expectations of $180.10 million. During the same period in the prior year, the company earned $0.21 EPS. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, research analysts forecast that EverQuote, Inc. will post 1.99 earnings per share for the current fiscal year.

Insider Transactions at EverQuote

In other news, CTO David Brainard sold 9,942 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $19.42, for a total transaction of $193,073.64. Following the completion of the transaction, the chief technology officer owned 180,493 shares of the company’s stock, valued at approximately $3,505,174.06. This represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joseph Sanborn sold 20,000 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $20.70, for a total transaction of $414,000.00. Following the completion of the sale, the chief financial officer owned 337,660 shares of the company’s stock, valued at approximately $6,989,562. The trade was a 5.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 41,814 shares of company stock valued at $829,255 in the last ninety days. 23.68% of the stock is owned by company insiders.

Analyst Ratings Changes

EVER has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Wall Street Zen raised shares of EverQuote from a “hold” rating to a “buy” rating in a report on Sunday. Zacks Research downgraded shares of EverQuote from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. B. Riley Financial dropped their target price on shares of EverQuote from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Finally, Craig Hallum restated a “buy” rating and set a $20.00 price target on shares of EverQuote in a report on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, EverQuote currently has an average rating of “Moderate Buy” and a consensus target price of $24.17.

About EverQuote

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.