Pacer Advisors Inc. Has $3.31 Million Position in EverQuote, Inc. $EVER

Pacer Advisors Inc. lifted its holdings in EverQuote, Inc. (NASDAQ:EVER) by 81.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 214,947 shares of the company’s stock after buying an additional 96,796 shares during the period. Pacer Advisors Inc.’s holdings in EverQuote were worth $3,314,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EVER. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of EverQuote by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock valued at $393,000 after purchasing an additional 624 shares in the last quarter. Cetera Investment Advisers increased its holdings in EverQuote by 4.3% in the second quarter. Cetera Investment Advisers now owns 16,204 shares of the company’s stock worth $392,000 after purchasing an additional 675 shares in the last quarter. Comerica Bank lifted its stake 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 buying an additional 772 shares during the period. Legal & General Group Plc lifted its stake in EverQuote by 3.3% in the third quarter. Legal & General Group Plc now owns 24,301 shares of the company’s stock valued at $556,000 after buying an additional 776 shares during the period. Finally, Zacks Investment Management boosted its holdings in shares of EverQuote by 1.2% during the 4th quarter. Zacks Investment Management now owns 66,281 shares of the company’s stock worth $1,790,000 after buying an additional 782 shares in the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

EverQuote Stock Performance

Shares of NASDAQ:EVER opened at $23.82 on Friday. The business’s 50 day simple moving average is $23.06 and its two-hundred day simple moving average is $19.43. The firm has a market cap of $858.23 million, a P/E ratio of 7.73 and a beta of 0.62. EverQuote, Inc. has a 52-week low of $13.88 and a 52-week high of $28.73.

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

Analysts Set New Price Targets

EVER has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Needham & Company LLC boosted their target price on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday. Wall Street Zen raised shares of EverQuote from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings upgraded shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Finally, B. Riley Financial reaffirmed a “buy” rating and issued a $34.00 price target (up from $30.00) on shares of EverQuote in a research note on Tuesday. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.67.

Insider Activity at EverQuote

In other news, CFO Joseph Sanborn sold 6,667 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $24.63, for a total transaction of $164,208.21. Following the completion of the sale, the chief financial officer directly owned 311,908 shares of the company’s stock, valued at $7,682,294.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jon Ayotte sold 4,611 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $24.15, for a total transaction of $111,355.65. Following the completion of the sale, the chief accounting officer owned 74,580 shares in the company, valued at $1,801,107. This represents a 5.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 27,586 shares of company stock valued at $629,114. 23.68% of the stock is owned by company insiders.

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.