Great Lakes Advisors LLC Makes New $2.51 Million Investment in EverQuote, Inc. $EVER

Great Lakes Advisors LLC acquired a new stake in EverQuote, Inc. (NASDAQ:EVER) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 105,544 shares of the company’s stock, valued at approximately $2,511,000.

Several other large investors have also recently made changes to their positions in the business. Comerica Bank raised its stake in shares of EverQuote by 235.4% during the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after purchasing an additional 772 shares during the period. Clearstead Advisors LLC increased its holdings in EverQuote by 70.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after buying an additional 826 shares during the last quarter. Signature Equity Partners LLC increased its holdings in EverQuote by 65.5% during the first quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock worth $33,000 after buying an additional 842 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in EverQuote during the third quarter worth about $52,000. Finally, Kestra Advisory Services LLC bought a new stake in EverQuote in the fourth quarter worth about $84,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at EverQuote

In other EverQuote news, CFO Joseph Sanborn sold 6,667 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $25.51, for a total transaction of $170,075.17. Following the sale, the chief financial officer owned 305,241 shares of the company’s stock, valued at $7,786,697.91. The trade was a 2.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO David Brainard sold 4,960 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $25.51, for a total value of $126,529.60. Following the sale, the chief technology officer owned 165,336 shares in the company, valued at approximately $4,217,721.36. This represents a 2.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 36,424 shares of company stock valued at $854,506 over the last 90 days. 23.68% of the stock is currently owned by corporate insiders.

EverQuote Stock Up 1.3%

Shares of NASDAQ:EVER opened at $25.24 on Friday. The firm has a market capitalization of $909.40 million, a PE ratio of 8.19 and a beta of 0.62. The company has a 50-day moving average price of $24.26 and a two-hundred day moving average price of $19.55. EverQuote, Inc. has a twelve month low of $13.88 and a twelve month high of $28.73.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. B. Riley Financial reiterated a “buy” rating and issued a $34.00 target price (up from $30.00) on shares of EverQuote in a research note on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price target on shares of EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EverQuote in a report on Wednesday, August 12th. Wall Street Zen downgraded EverQuote from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Zacks Research lowered EverQuote from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.33.

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.