S Squared Technology LLC Has $2.05 Million Position in EverQuote, Inc. $EVER

S Squared Technology LLC grew its holdings in EverQuote, Inc. (NASDAQ:EVER) by 52.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 76,047 shares of the company’s stock after purchasing an additional 26,047 shares during the quarter. EverQuote comprises about 0.8% of S Squared Technology LLC’s investment portfolio, making the stock its 29th largest position. S Squared Technology LLC owned 0.21% of EverQuote worth $2,053,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Comerica Bank raised its position 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 acquiring an additional 772 shares during the last quarter. Clearstead Advisors LLC raised its position in shares of 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 acquiring an additional 826 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of EverQuote during the third quarter worth $52,000. Jones Financial Companies Lllp raised its position in shares of EverQuote by 595.8% during the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock worth $62,000 after acquiring an additional 2,246 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of EverQuote during the fourth quarter worth $84,000. Institutional investors own 91.54% of the company’s stock.

Insider Transactions at EverQuote

In related news, CTO David Brainard sold 9,942 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $19.42, for a total value of $193,073.64. Following the completion of the sale, 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 document filed with the SEC, which can be accessed through this link. Also, CFO Joseph Sanborn sold 6,666 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $19.28, for a total value of $128,520.48. Following the completion of the sale, the chief financial officer owned 327,820 shares of the company’s stock, valued at $6,320,369.60. This represents a 1.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 41,814 shares of company stock valued at $829,255 in the last quarter. 23.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EVER has been the subject of a number of recent research reports. Weiss Ratings upgraded EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. boosted their target price on EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Raymond James Financial restated an “outperform” rating and set a $18.00 target price on shares of EverQuote in a research report on Tuesday, February 17th. Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of EverQuote in a research report on Tuesday, May 5th. Finally, B. Riley Financial dropped their target price on EverQuote from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.17.

EverQuote Stock Performance

NASDAQ EVER opened at $19.98 on Monday. The stock has a 50-day simple moving average of $17.82 and a 200 day simple moving average of $20.11. The company has a market capitalization of $719.88 million, a PE ratio of 6.80 and a beta of 0.65. EverQuote, Inc. has a 12 month low of $13.88 and a 12 month high of $28.73.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, May 4th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08. The business had revenue of $190.85 million during the quarter, compared to the consensus estimate of $180.10 million. EverQuote had a return on equity of 53.39% and a net margin of 15.35%.The firm’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 earnings per share. As a group, sell-side analysts predict that EverQuote, Inc. will post 2.06 earnings per share for the current fiscal year.

EverQuote 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.