Hennessy Advisors Inc. Invests $10.17 Million in EverQuote, Inc. $EVER

Hennessy Advisors Inc. bought a new position in EverQuote, Inc. (NASDAQ:EVER) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 420,600 shares of the company’s stock, valued at approximately $10,170,000.

A number of other hedge funds have also recently modified their holdings of EVER. Nuveen LLC purchased a new stake in shares of EverQuote in the first quarter worth about $15,363,000. Emerald Advisers LLC purchased a new position in EverQuote during the first quarter worth approximately $11,621,000. Emerald Mutual Fund Advisers Trust purchased a new position in EverQuote during the first quarter worth approximately $8,383,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in EverQuote by 615.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock worth $8,896,000 after purchasing an additional 292,172 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in EverQuote by 1,553.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 243,385 shares of the company’s stock worth $6,464,000 after purchasing an additional 228,663 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Julia Brncic sold 1,808 shares of the firm’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $24.31, for a total value of $43,952.48. Following the transaction, the general counsel owned 123,397 shares in the company, valued at $2,999,781.07. This trade represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John L. Shields sold 2,000 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $24.00, for a total value of $48,000.00. Following the completion of the sale, the director directly owned 29,219 shares of the company’s stock, valued at approximately $701,256. This represents a 6.41% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 959,250 shares of company stock valued at $22,422,920. 25.52% of the stock is owned by corporate insiders.

EverQuote Price Performance

NASDAQ EVER opened at $22.27 on Friday. The company has a market cap of $813.08 million, a PE ratio of 17.96 and a beta of 0.58. The stock’s 50 day simple moving average is $23.75 and its 200-day simple moving average is $24.09. EverQuote, Inc. has a 1-year low of $16.63 and a 1-year high of $30.03.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EVER shares. Weiss Ratings reiterated a “hold (c)” rating on shares of EverQuote in a research report on Saturday, September 27th. Wall Street Zen downgraded EverQuote from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $38.00 price target on shares of EverQuote in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $32.40.

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.