K.J. Harrison & Partners Inc Buys 53,900 Shares of EverQuote, Inc. $EVER

K.J. Harrison & Partners Inc raised its stake in EverQuote, Inc. (NASDAQ:EVERFree Report) by 539.0% during the first quarter, HoldingsChannel reports. The fund owned 63,900 shares of the company’s stock after buying an additional 53,900 shares during the period. K.J. Harrison & Partners Inc’s holdings in EverQuote were worth $985,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Royal Bank of Canada raised its holdings in EverQuote by 1,705.9% in the first quarter. Royal Bank of Canada now owns 65,428 shares of the company’s stock worth $1,713,000 after buying an additional 61,805 shares during the last quarter. Amundi bought a new position in shares of EverQuote in the first quarter worth approximately $290,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of EverQuote by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock valued at $393,000 after buying an additional 624 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of EverQuote by 615.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock valued at $8,896,000 after buying an additional 292,172 shares during the last quarter. Finally, Creative Planning increased its position in shares of EverQuote by 32.4% during the second quarter. Creative Planning now owns 10,526 shares of the company’s stock valued at $255,000 after acquiring an additional 2,576 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.

EverQuote Price Performance

EVER opened at $24.86 on Friday. EverQuote, Inc. has a twelve month low of $13.88 and a twelve month high of $28.73. The firm has a 50 day moving average price of $19.67 and a 200-day moving average price of $19.62. The stock has a market capitalization of $895.71 million, a price-to-earnings ratio of 8.46 and a beta of 0.61.

EverQuote (NASDAQ:EVERGet Free Report) last posted its earnings results on Monday, May 4th. The company reported $0.51 EPS for the quarter, topping 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 net margin of 15.35% and a return on equity of 53.39%. The firm’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS. As a group, analysts expect that EverQuote, Inc. will post 1.99 earnings per share for the current year.

Insider Transactions at EverQuote

In other news, CFO Joseph Sanborn sold 20,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $20.70, for a total value of $414,000.00. Following the transaction, the chief financial officer directly owned 337,660 shares in the company, valued at $6,989,562. This trade represents a 5.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO David Brainard sold 9,942 shares of EverQuote stock in a transaction on 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 directly owned 180,493 shares of the company’s stock, valued at $3,505,174.06. The trade was a 5.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 45,775 shares of company stock worth $931,238 in the last ninety days. Insiders own 23.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of EverQuote in a report on Tuesday, May 5th. Wall Street Zen lowered EverQuote from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. boosted their price target on EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings raised EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.17.

Get Our Latest Stock Analysis on EVER

About EverQuote

(Free Report)

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.

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Institutional Ownership by Quarter for EverQuote (NASDAQ:EVER)

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