Globeflex Capital L P Takes Position in EverQuote, Inc. $EVER

Globeflex Capital L P bought a new stake in EverQuote, Inc. (NASDAQ:EVER) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 49,969 shares of the company’s stock, valued at approximately $1,189,000. Globeflex Capital L P owned about 0.14% of EverQuote at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Comerica Bank grew its holdings in EverQuote by 235.4% during the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after acquiring an additional 772 shares during the period. Clearstead Advisors LLC lifted its stake in shares of EverQuote by 70.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock valued at $54,000 after purchasing an additional 826 shares during the period. Signature Equity Partners LLC boosted its position in shares of EverQuote by 65.5% during the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock valued at $33,000 after purchasing an additional 842 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of EverQuote during the 3rd quarter valued at about $52,000. Finally, Kestra Advisory Services LLC acquired a new stake in EverQuote during the fourth quarter worth approximately $84,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on EVER shares. Wall Street Zen downgraded shares of EverQuote from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research lowered shares of EverQuote from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. B. Riley Financial restated a “buy” rating and issued a $34.00 price target (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. JPMorgan Chase & Co. started coverage on shares of EverQuote in a research note on Monday. They issued an “overweight” rating and a $29.00 price target for the company. Finally, Needham & Company LLC upped their price objective on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, EverQuote currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.17.

EverQuote Price Performance

EVER opened at $26.62 on Tuesday. EverQuote, Inc. has a 1 year low of $13.88 and a 1 year high of $28.73. The company has a market capitalization of $959.12 million, a price-to-earnings ratio of 8.64 and a beta of 0.62. The firm’s fifty day moving average price is $24.39 and its two-hundred day moving average price is $19.59.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The company had revenue of $195.09 million during the quarter, compared to the consensus estimate of $191.06 million. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.EverQuote’s revenue was up 24.6% on a year-over-year basis. During the same period last year, the business posted $0.39 earnings per share. As a group, equities analysts anticipate that EverQuote, Inc. will post 1.72 EPS for the current year.

Insider Buying and Selling at EverQuote

In other EverQuote news, CFO Joseph Sanborn sold 6,667 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $25.51, for a total value of $170,075.17. Following the completion of the transaction, the chief financial officer directly owned 305,241 shares of the company’s stock, valued at $7,786,697.91. This trade represents a 2.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO David Brainard sold 4,960 shares of EverQuote stock in a transaction on Monday, July 6th. The shares were sold at an average price of $25.51, for a total value of $126,529.60. Following the sale, the chief technology officer directly owned 165,336 shares of the company’s stock, valued at $4,217,721.36. This represents a 2.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 35,020 shares of company stock worth $828,266. 23.68% of the stock is owned by insiders.

EverQuote Company Profile

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.