Inspire Investing LLC Increases Stock Holdings in EverQuote, Inc. $EVER

Inspire Investing LLC boosted its stake in shares of EverQuote, Inc. (NASDAQ:EVER) by 116.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 99,131 shares of the company’s stock after buying an additional 53,303 shares during the period. Inspire Investing LLC owned approximately 0.28% of EverQuote worth $1,529,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Comerica Bank raised its stake in shares of EverQuote by 235.4% in the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after acquiring an additional 772 shares during the period. NewEdge Advisors LLC bought a new position in EverQuote during the 3rd quarter valued at about $52,000. Clearstead Advisors LLC raised its position in EverQuote by 70.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after purchasing an additional 826 shares during the period. Tower Research Capital LLC TRC raised its position in EverQuote by 271.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock worth $79,000 after purchasing an additional 2,381 shares during the period. 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.

EverQuote Stock Up 4.0%

Shares of NASDAQ:EVER opened at $24.73 on Thursday. The business’s 50 day moving average is $19.34 and its 200 day moving average is $19.61. The stock has a market cap of $891.02 million, a P/E ratio of 8.41 and a beta of 0.61. EverQuote, Inc. has a 52-week low of $13.88 and a 52-week high of $28.73.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, May 4th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08. EverQuote had a return on equity of 53.39% and a net margin of 15.35%.The business had revenue of $190.85 million during the quarter, compared to analyst estimates of $180.10 million. During the same period in the previous year, the company posted $0.21 EPS. EverQuote’s revenue was up 14.6% on a year-over-year basis. On average, sell-side analysts anticipate that EverQuote, Inc. will post 1.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of EverQuote in a research note on Tuesday, May 5th. Weiss Ratings upgraded EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Finally, Wall Street Zen raised EverQuote from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, EverQuote presently has an average rating of “Moderate Buy” and an average target price of $24.17.

Insider Transactions at EverQuote

In other news, CTO David Brainard sold 9,942 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were 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 of the company’s stock, valued at approximately $3,505,174.06. This represents a 5.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joseph Sanborn sold 6,666 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $19.28, for a total transaction of $128,520.48. Following the transaction, the chief financial officer owned 327,820 shares in the company, valued at approximately $6,320,369.60. This represents a 1.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 41,164 shares of company stock valued at $819,882. 23.68% of the stock is owned by insiders.

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.