SG Americas Securities LLC Has $6.61 Million Position in EverQuote, Inc. $EVER

SG Americas Securities LLC raised its holdings in EverQuote, Inc. (NASDAQ:EVER) by 1,100.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 244,937 shares of the company’s stock after acquiring an additional 224,535 shares during the quarter. SG Americas Securities LLC’s holdings in EverQuote were worth $6,613,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EVER. Ameritas Investment Partners Inc. raised its position in shares of EverQuote by 25.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock valued at $68,000 after acquiring an additional 573 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of EverQuote by 108.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock valued at $26,000 after purchasing an additional 601 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of EverQuote by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock worth $393,000 after purchasing an additional 624 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of EverQuote by 4.3% in the 2nd quarter. Cetera Investment Advisers now owns 16,204 shares of the company’s stock worth $392,000 after purchasing an additional 675 shares during the last quarter. Finally, Comerica Bank grew its stake in shares of EverQuote by 235.4% during 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 period. Institutional investors and hedge funds own 91.54% of the company’s stock.

EverQuote Stock Down 1.5%

EVER opened at $15.42 on Wednesday. The stock has a market cap of $555.58 million, a P/E ratio of 5.84 and a beta of 0.54. EverQuote, Inc. has a 12 month low of $13.93 and a 12 month high of $28.73. The company has a fifty day simple moving average of $17.29 and a 200 day simple moving average of $21.92.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, February 23rd. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $0.35 by $1.19. EverQuote had a return on equity of 57.65% and a net margin of 14.34%.The firm had revenue of $195.32 million for the quarter, compared to analyst estimates of $176.82 million. During the same period in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. On average, equities research analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jayme Mendal sold 14,360 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $14.98, for a total transaction of $215,112.80. Following the completion of the sale, the chief executive officer directly owned 541,777 shares of the company’s stock, valued at approximately $8,115,819.46. This represents a 2.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO David Brainard sold 5,709 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $25.05, for a total transaction of $143,010.45. Following the sale, the chief technology officer owned 101,603 shares in the company, valued at $2,545,155.15. This trade represents a 5.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 40,889 shares of company stock worth $847,054. 25.52% of the stock is owned by company insiders.

Analysts Set New Price Targets

EVER has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on EverQuote from $32.00 to $22.00 and set an “overweight” rating for the company in a report on Tuesday, February 24th. Zacks Research lowered EverQuote from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Wall Street Zen raised EverQuote from a “buy” rating to a “strong-buy” rating in a research note on Monday, March 16th. Raymond James Financial reiterated an “outperform” rating and issued a $18.00 price target on shares of EverQuote in a research report on Tuesday, February 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of EverQuote in a research note on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.83.

EverQuote Company Profile

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.