Jacobs Asset Management LLC grew its stake in EverQuote, Inc. (NASDAQ:EVER – Free Report) by 199.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 403,300 shares of the company’s stock after buying an additional 268,819 shares during the period. EverQuote makes up 3.7% of Jacobs Asset Management LLC’s investment portfolio, making the stock its 13th biggest position. Jacobs Asset Management LLC’s holdings in EverQuote were worth $6,219,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in EVER. Comerica Bank lifted its position in shares of EverQuote by 235.4% in the 3rd 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. Clearstead Advisors LLC lifted its holdings in EverQuote by 70.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock valued at $54,000 after buying an additional 826 shares during the period. Signature Equity Partners LLC lifted its holdings in EverQuote by 65.5% in the first quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock valued at $33,000 after buying an additional 842 shares during the period. NewEdge Advisors LLC bought a new stake in EverQuote during the third quarter valued at $52,000. Finally, Kestra Advisory Services LLC bought a new stake in EverQuote during the fourth quarter valued at $84,000. 91.54% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other EverQuote news, CFO Joseph Sanborn sold 20,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 337,660 shares of the company’s stock, valued at approximately $6,989,562. This trade represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Jon Ayotte sold 4,611 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $24.15, for a total value of $111,355.65. Following the sale, the chief accounting officer owned 74,580 shares of the company’s stock, valued at approximately $1,801,107. This represents a 5.82% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 57,891 shares of company stock valued at $1,243,447. 23.68% of the stock is owned by company insiders.
EverQuote Trading Up 2.2%
EverQuote (NASDAQ:EVER – Get Free Report) last released its quarterly earnings data on Monday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. The company had revenue of $190.85 million for the quarter, compared to analysts’ expectations of $180.10 million. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The business’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 EPS. On average, research analysts forecast that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have weighed in on EVER shares. Weiss Ratings upgraded EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of EverQuote in a research note on Tuesday, May 5th. Wall Street Zen upgraded EverQuote from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. raised their target price on EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Six investment 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, EverQuote has a consensus rating of “Moderate Buy” and a consensus price target of $24.17.
View Our Latest Research Report on EverQuote
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.
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Want to see what other hedge funds are holding EVER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EverQuote, Inc. (NASDAQ:EVER – Free Report).
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