Quantinno Capital Management LP Raises Position in EverQuote, Inc. $EVER

Quantinno Capital Management LP lifted its position in shares of EverQuote, Inc. (NASDAQ:EVER) by 254.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,013 shares of the company’s stock after acquiring an additional 82,579 shares during the quarter. Quantinno Capital Management LP’s holdings in EverQuote were worth $1,774,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EVER. Comerica Bank lifted its position in EverQuote by 235.4% in the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after purchasing an additional 772 shares during the period. Signature Equity Partners LLC increased its position in EverQuote by 65.5% during the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock worth $33,000 after purchasing an additional 842 shares during the period. NewEdge Advisors LLC purchased a new position in shares of EverQuote during the 3rd quarter worth approximately $52,000. Clearstead Advisors LLC raised its stake in shares of EverQuote by 70.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after buying an additional 826 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of EverQuote by 271.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock worth $79,000 after buying an additional 2,381 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EVER shares. Zacks Research downgraded EverQuote from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Needham & Company LLC increased their price objective on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. increased their price objective on EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Wall Street Zen downgraded EverQuote from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings upgraded shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $25.67.

Insider Buying and Selling

In other EverQuote news, CFO Joseph Sanborn sold 6,667 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $25.51, for a total value of $170,075.17. Following the sale, the chief financial officer owned 305,241 shares of the company’s stock, valued at approximately $7,786,697.91. This represents a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jon Ayotte sold 4,611 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $24.15, for a total value of $111,355.65. Following the completion of the transaction, the chief accounting officer owned 74,580 shares of the company’s stock, valued at approximately $1,801,107. This represents a 5.82% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 34,253 shares of company stock valued at $799,189. 23.68% of the stock is owned by insiders.

EverQuote Trading Down 1.8%

Shares of EverQuote stock opened at $25.09 on Wednesday. The company has a 50-day moving average of $23.42 and a two-hundred day moving average of $19.45. EverQuote, Inc. has a 12-month low of $13.88 and a 12-month high of $28.73. The stock has a market cap of $903.99 million, a PE ratio of 8.15 and a beta of 0.62.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. The business had revenue of $195.09 million for the quarter, compared to analyst estimates of $191.06 million. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 EPS. On average, sell-side analysts forecast that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.

EverQuote 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.