EverQuote, Inc. $EVER Shares Acquired by Legato Capital Management LLC

Legato Capital Management LLC lifted its position in shares of EverQuote, Inc. (NASDAQ:EVER) by 179.9% during the fourth quarter, HoldingsChannel reports. The firm owned 86,717 shares of the company’s stock after purchasing an additional 55,741 shares during the quarter. Legato Capital Management LLC’s holdings in EverQuote were worth $2,341,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Y Intercept Hong Kong Ltd raised its holdings in EverQuote by 75.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 114,451 shares of the company’s stock valued at $2,617,000 after acquiring an additional 49,205 shares in the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in EverQuote in the third quarter valued at $1,830,000. SG Americas Securities LLC raised its holdings in EverQuote by 1,100.6% in the fourth quarter. SG Americas Securities LLC now owns 244,937 shares of the company’s stock valued at $6,613,000 after acquiring an additional 224,535 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in EverQuote by 29.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 616,717 shares of the company’s stock valued at $15,683,000 after acquiring an additional 141,026 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in EverQuote in the third quarter valued at $900,000. 91.54% of the stock is owned by institutional investors and hedge funds.

EverQuote News Roundup

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

Analysts Set New Price Targets

Several analysts recently issued reports on EVER shares. Weiss Ratings raised shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Wall Street Zen cut shares of EverQuote from a “buy” rating to a “hold” rating in a report on Saturday. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of EverQuote in a report on Tuesday, May 5th. Raymond James Financial reaffirmed an “outperform” rating and issued a $18.00 price target on shares of EverQuote in a report on Tuesday, February 17th. Finally, Zacks Research cut shares of EverQuote from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.17.

EverQuote Stock Performance

Shares of NASDAQ:EVER opened at $18.88 on Friday. The stock has a market capitalization of $680.25 million, a price-to-earnings 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. The company’s fifty day moving average is $16.75 and its two-hundred day moving average is $20.72.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, May 4th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. The company had revenue of $190.85 million for the quarter, compared to analysts’ expectations of $180.10 million. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The firm’s revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 earnings per share. Sell-side analysts expect that EverQuote, Inc. will post 2.06 EPS for the current fiscal year.

Insider Transactions at EverQuote

In other news, CTO David Brainard sold 9,942 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $19.42, for a total transaction of $193,073.64. Following the completion of the transaction, the chief technology officer owned 180,493 shares in the company, valued at approximately $3,505,174.06. This represents a 5.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jon Ayotte sold 1,730 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was 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 of the company’s stock, valued at $1,341,303.12. This represents a 1.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 34,325 shares of company stock worth $676,908. Insiders own 25.52% of the company’s stock.

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.