Emerald Advisers LLC Buys 69,668 Shares of EverQuote, Inc. $EVER

Emerald Advisers LLC increased its stake in EverQuote, Inc. (NASDAQ:EVER) by 11.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 689,253 shares of the company’s stock after buying an additional 69,668 shares during the quarter. Emerald Advisers LLC owned approximately 1.89% of EverQuote worth $15,763,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EVER. Versant Capital Management Inc lifted its stake in EverQuote by 108.9% in the third quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock valued at $26,000 after acquiring an additional 601 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of EverQuote by 25.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock valued at $68,000 after purchasing an additional 573 shares during the period. Tower Research Capital LLC TRC lifted its stake in EverQuote by 271.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock valued at $79,000 after purchasing an additional 2,381 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in EverQuote by 28.7% in the 2nd quarter. Asset Management One Co. Ltd. now owns 4,682 shares of the company’s stock valued at $113,000 after purchasing an additional 1,044 shares during the last quarter. Finally, AlphaQuest LLC grew its holdings in EverQuote by 70.9% during the second quarter. AlphaQuest LLC now owns 5,485 shares of the company’s stock worth $133,000 after purchasing an additional 2,276 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

EverQuote Price Performance

Shares of NASDAQ EVER opened at $24.09 on Thursday. The firm has a market cap of $866.28 million, a price-to-earnings ratio of 16.85 and a beta of 0.46. The stock’s fifty day moving average price is $26.12 and its two-hundred day moving average price is $24.34. EverQuote, Inc. has a one year low of $17.35 and a one year high of $30.03.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, November 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. EverQuote had a net margin of 8.36% and a return on equity of 38.19%. The company had revenue of $173.94 million during the quarter, compared to analysts’ expectations of $166.09 million. During the same quarter in the previous year, the business posted $0.31 earnings per share. EverQuote’s quarterly revenue was up 20.3% on a year-over-year basis. On average, equities analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling at EverQuote

In related news, CAO Jon Ayotte sold 3,639 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $26.76, for a total value of $97,379.64. Following the completion of the sale, the chief accounting officer directly owned 49,233 shares in the company, valued at approximately $1,317,475.08. The trade was a 6.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John L. Shields sold 2,000 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $25.73, for a total value of $51,460.00. Following the sale, the director directly owned 25,219 shares in the company, valued at $648,884.87. This represents a 7.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 59,507 shares of company stock worth $1,494,612. 25.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EVER. Wall Street Zen downgraded EverQuote from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. JPMorgan Chase & Co. lifted their target price on EverQuote from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Weiss Ratings reissued a “hold (c)” rating on shares of EverQuote in a report on Wednesday, October 8th. Zacks Research raised EverQuote from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Finally, Needham & Company LLC lifted their price objective on shares of EverQuote from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $34.00.

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.