Invesco Ltd. Takes $558,000 Position in EverQuote, Inc. $EVER

Invesco Ltd. acquired a new stake in shares of EverQuote, Inc. (NASDAQ:EVER) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 21,311 shares of the company’s stock, valued at approximately $558,000. Invesco Ltd. owned about 0.06% of EverQuote as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Sierra Summit Advisors LLC raised its position 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 buying an additional 7,124 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of EverQuote by 42.0% during 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. Cetera Investment Advisers acquired a new position in shares of EverQuote during the first quarter valued at about $407,000. Legato Capital Management LLC raised its position in shares of EverQuote by 75.4% during the first quarter. Legato Capital Management LLC now owns 55,308 shares of the company’s stock valued at $1,449,000 after buying an additional 23,781 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of EverQuote during the first quarter valued at about $441,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

EverQuote Stock Down 1.1%

NASDAQ EVER opened at $23.54 on Friday. The stock has a market cap of $859.45 million, a P/E ratio of 18.98 and a beta of 0.54. The company’s 50-day simple moving average is $24.16 and its 200 day simple moving average is $24.27. EverQuote, Inc. has a twelve month low of $16.63 and a twelve month high of $30.03.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, August 4th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The business had revenue of $156.63 million for the quarter, compared to analysts’ expectations of $157.19 million. EverQuote had a net margin of 7.57% and a return on equity of 36.90%. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 earnings per share. EverQuote has set its Q3 2025 guidance at EPS. Research analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price objective on shares of EverQuote in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $32.40.

Insider Activity

In other EverQuote news, Director John L. Shields sold 2,000 shares of the company’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $24.30, for a total transaction of $48,600.00. Following the sale, the director directly owned 31,219 shares of the company’s stock, valued at approximately $758,621.70. This represents a 6.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO David Brainard sold 1,291 shares of the company’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $23.50, for a total transaction of $30,338.50. Following the sale, the chief technology officer directly owned 126,220 shares in the company, valued at $2,966,170. This represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 957,250 shares of company stock valued at $22,372,509. Corporate insiders own 25.52% of the company’s stock.

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.