EverQuote, Inc. $EVER Shares Acquired by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust increased its holdings in shares of EverQuote, Inc. (NASDAQ:EVER) by 14.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 416,662 shares of the company’s stock after buying an additional 53,695 shares during the period. Emerald Mutual Fund Advisers Trust owned about 1.14% of EverQuote worth $9,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the stock. Emerald Advisers LLC grew its position in shares of EverQuote by 11.2% in the third quarter. Emerald Advisers LLC now owns 689,253 shares of the company’s stock valued at $15,763,000 after purchasing an additional 69,668 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in EverQuote by 44.5% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 29,298 shares of the company’s stock valued at $670,000 after buying an additional 9,021 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in EverQuote by 14.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,212 shares of the company’s stock worth $472,000 after buying an additional 2,662 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in EverQuote during the 3rd quarter worth approximately $221,000. Finally, Versant Capital Management Inc increased its stake in EverQuote by 108.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock worth $26,000 after buying an additional 601 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CTO David Brainard sold 5,709 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $25.05, for a total value of $143,010.45. Following the transaction, the chief technology officer owned 101,603 shares of the company’s stock, valued at $2,545,155.15. This represents a 5.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John L. Shields sold 2,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $648,884.87. The trade was a 7.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 59,507 shares of company stock worth $1,494,612 in the last 90 days. 25.52% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

EverQuote Stock Up 1.5%

NASDAQ EVER opened at $24.45 on Friday. The business’s fifty day simple moving average is $26.10 and its 200-day simple moving average is $24.34. The firm has a market cap of $879.22 million, a PE ratio of 17.10 and a beta of 0.46. EverQuote, Inc. has a 52 week low of $17.35 and a 52 week high of $30.03.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.13. EverQuote had a net margin of 8.36% and a return on equity of 38.19%. The firm had revenue of $173.94 million during the quarter, compared to analysts’ expectations of $166.09 million. During the same period last year, the business earned $0.31 earnings per share. EverQuote’s revenue was up 20.3% compared to the same quarter last year. Research analysts expect that EverQuote, Inc. will post 0.72 EPS for the current year.

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.