Goldman Sachs Group Inc. Lowers Holdings in EverQuote, Inc. $EVER

Goldman Sachs Group Inc. cut its holdings in EverQuote, Inc. (NASDAQ:EVER) by 71.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,114 shares of the company’s stock after selling 399,333 shares during the period. Goldman Sachs Group Inc. owned 0.44% of EverQuote worth $4,089,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in EVER. FNY Investment Advisers LLC purchased a new position in EverQuote in the 1st quarter worth approximately $157,000. Arizona State Retirement System bought a new stake in EverQuote in the 1st quarter worth approximately $202,000. Linden Thomas Advisory Services LLC bought a new stake in EverQuote in the 1st quarter worth approximately $216,000. Cornerstone Investment Partners LLC bought a new stake in EverQuote in the 1st quarter worth approximately $225,000. Finally, State of Wyoming increased its stake in EverQuote by 51.5% in the 4th quarter. State of Wyoming now owns 11,353 shares of the company’s stock worth $227,000 after acquiring an additional 3,858 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 price objective on shares of EverQuote in a research note 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 currently has an average rating of “Buy” and a consensus price target of $32.40.

Insider Activity at EverQuote

In related news, major shareholder Ventures Lllp Link sold 900,000 shares of the firm’s stock in a transaction dated Sunday, August 10th. The stock was sold at an average price of $23.33, for a total transaction of $20,997,000.00. Following the sale, the insider directly owned 2,598,154 shares of the company’s stock, valued at $60,614,932.82. This trade represents a 25.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO David Brainard sold 5,710 shares of the firm’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $24.57, for a total value of $140,294.70. Following the sale, the chief technology officer directly owned 128,720 shares in the company, valued at approximately $3,162,650.40. This trade represents a 4.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 959,250 shares of company stock worth $22,420,509 over the last ninety days. Corporate insiders own 25.52% of the company’s stock.

EverQuote Price Performance

Shares of NASDAQ:EVER opened at $24.27 on Thursday. The business’s 50-day moving average is $24.12 and its 200 day moving average is $24.30. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $30.03. The firm has a market capitalization of $886.10 million, a P/E ratio of 19.57 and a beta of 0.54.

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

EverQuote Company Profile

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.