Lisanti Capital Growth LLC bought a new position in EverQuote, Inc. (NASDAQ:EVER – Free Report) during the 4th quarter, Holdings Channel reports. The institutional investor bought 142,710 shares of the company’s stock, valued at approximately $3,853,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Comerica Bank boosted its holdings in EverQuote by 235.4% in the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after purchasing an additional 772 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in EverQuote in the third quarter worth approximately $52,000. Jones Financial Companies Lllp boosted its holdings in EverQuote by 595.8% in the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock worth $62,000 after purchasing an additional 2,246 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in EverQuote by 271.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock worth $79,000 after purchasing an additional 2,381 shares during the last quarter. Finally, State of Tennessee Department of Treasury purchased a new stake in EverQuote in the second quarter worth approximately $153,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.
EverQuote Price Performance
Shares of EverQuote stock opened at $18.88 on Friday. The company’s fifty day simple moving average is $16.75 and its 200-day simple moving average is $20.72. The stock has a market capitalization of $680.25 million, a PE ratio of 6.42 and a beta of 0.56. EverQuote, Inc. has a 1-year low of $13.88 and a 1-year high of $28.73.
Insider Transactions at EverQuote
In related news, CFO Joseph Sanborn sold 20,000 shares of EverQuote stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $20.70, for a total transaction of $414,000.00. Following the transaction, the chief financial officer owned 337,660 shares in the company, valued at approximately $6,989,562. The trade was a 5.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jon Ayotte sold 1,730 shares of EverQuote stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $15.56, for a total transaction of $26,918.80. Following the transaction, the chief accounting officer owned 86,202 shares in the company, valued at approximately $1,341,303.12. This trade represents a 1.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 34,325 shares of company stock worth $676,908 in the last 90 days. 25.52% of the stock is currently owned by insiders.
Key EverQuote News
Here are the key news stories impacting EverQuote this week:
- Positive Sentiment: Zacks Research raised earnings estimates across several periods for EverQuote, including FY2026, FY2027, and FY2028, signaling improved profitability expectations and supporting the stock’s valuation. EverQuote analyst estimate updates
- Positive Sentiment: The company also received a “Moderate Buy” consensus rating from brokerages, which can reinforce investor confidence in the outlook. EverQuote consensus rating article
- Neutral Sentiment: CAO Jon Ayotte sold 285 shares, but the filing says it was to cover tax withholding tied to vesting equity awards, making it more likely a routine transaction than a negative signal. EverQuote insider sale filing
Analyst Ratings Changes
Several equities research analysts recently issued reports on EVER shares. JPMorgan Chase & Co. raised their target price on shares of EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. B. Riley Financial dropped their price target on shares of EverQuote from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of EverQuote in a research note on Tuesday, May 5th. Canaccord Genuity Group dropped their price target on shares of EverQuote from $33.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Finally, Zacks Research cut shares of EverQuote from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.17.
About EverQuote
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.
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Want to see what other hedge funds are holding EVER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EverQuote, Inc. (NASDAQ:EVER – Free Report).
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