Sigma Planning Corp Has $255,000 Holdings in EverQuote, Inc. $EVER

Sigma Planning Corp trimmed its stake in EverQuote, Inc. (NASDAQ:EVER) by 76.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,435 shares of the company’s stock after selling 30,227 shares during the period. Sigma Planning Corp’s holdings in EverQuote were worth $255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in EverQuote by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 2,221,494 shares of the company’s stock worth $59,980,000 after purchasing an additional 20,156 shares during the last quarter. Qube Research & Technologies Ltd grew its position in EverQuote by 27.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 800,114 shares of the company’s stock worth $19,347,000 after purchasing an additional 171,787 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in EverQuote by 3.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 727,956 shares of the company’s stock worth $16,648,000 after purchasing an additional 26,980 shares during the last quarter. Emerald Advisers LLC grew its position in EverQuote by 11.2% in the 3rd quarter. Emerald Advisers LLC now owns 689,253 shares of the company’s stock worth $15,763,000 after purchasing an additional 69,668 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its position in EverQuote by 110.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company’s stock worth $15,720,000 after purchasing an additional 361,082 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EverQuote

In related news, CAO Jon Ayotte sold 1,730 shares of EverQuote stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $15.56, for a total transaction of $26,918.80. Following the completion of the transaction, the chief accounting officer directly owned 86,202 shares of the company’s stock, valued at $1,341,303.12. This trade represents a 1.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO David Brainard sold 9,942 shares of EverQuote 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 transaction, the chief technology officer directly owned 180,493 shares of the company’s stock, valued at $3,505,174.06. This represents a 5.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 48,400 shares of company stock valued at $886,823 in the last 90 days. Insiders own 25.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wall Street Zen lowered shares of EverQuote from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 4th. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of EverQuote in a research report on Tuesday. Craig Hallum restated a “buy” rating and issued a $20.00 price target on shares of EverQuote in a research report on Tuesday, February 24th. JPMorgan Chase & Co. lifted their target price on shares of EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, B. Riley Financial decreased their target price on shares of EverQuote from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, EverQuote has an average rating of “Moderate Buy” and a consensus price target of $24.17.

Trending Headlines about EverQuote

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: EverQuote’s latest earnings beat expectations, with Q1 EPS of $0.51 versus $0.43 expected and revenue of $190.85 million versus $180.10 million estimated. The company also posted 14.6% year-over-year revenue growth, reinforcing the view that its insurance marketplace is still growing profitably. Article Title
• Positive Sentiment: Analysts have been adjusting higher after the report, including Needham reaffirming a Buy rating and JPMorgan raising its price target to $24. These updates suggest Wall Street sees the earnings strength as sustainable. Article Title
• Positive Sentiment: Management is also presenting at upcoming investor conferences, which may help keep attention on the stock and give the company another chance to highlight its growth and AI-driven efficiency gains. Article Title
• Neutral Sentiment: Insider sales by CTO David Brainard and CAO Jon Ayotte may have modestly weighed on sentiment, but the transactions were relatively small compared with their remaining holdings and do not appear to signal a major change in the company’s outlook. Article Title

EverQuote Stock Performance

Shares of EverQuote stock opened at $20.50 on Friday. The firm’s 50-day simple moving average is $16.22 and its 200-day simple moving average is $20.83. EverQuote, Inc. has a twelve month low of $13.88 and a twelve month high of $28.73. The firm has a market cap of $738.62 million, a P/E ratio of 6.97 and a beta of 0.56.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, May 4th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.08. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The business had revenue of $190.85 million for the quarter, compared to analyst estimates of $180.10 million. During the same period in the previous year, the business earned $0.21 EPS. The firm’s revenue was up 14.6% on a year-over-year basis. On average, equities analysts forecast that EverQuote, Inc. will post 1.97 earnings per share for the current fiscal year.

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.