Segall Bryant & Hamill LLC Has $1.08 Million Holdings in EverQuote, Inc. $EVER

Segall Bryant & Hamill LLC grew its holdings in EverQuote, Inc. (NASDAQ:EVER) by 76.5% during the 1st quarter, Holdings Channel reports. The firm owned 69,803 shares of the company’s stock after purchasing an additional 30,250 shares during the period. Segall Bryant & Hamill LLC’s holdings in EverQuote were worth $1,076,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Lazard Asset Management LLC lifted its holdings in EverQuote by 81.7% in the fourth quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock valued at $24,333,000 after buying an additional 405,237 shares during the period. Balyasny Asset Management L.P. raised its position in shares of EverQuote by 110.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company’s stock valued at $15,720,000 after acquiring an additional 361,082 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of EverQuote by 95.1% in the 2nd quarter. AQR Capital Management LLC now owns 655,615 shares of the company’s stock valued at $15,853,000 after purchasing an additional 319,618 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of EverQuote by 47.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock worth $13,412,000 after purchasing an additional 293,160 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake 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 worth $8,896,000 after purchasing an additional 292,172 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. B. Riley Financial reiterated a “buy” rating and issued a $34.00 price objective (up from $30.00) on shares of EverQuote in a report on Tuesday. 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. Weiss Ratings raised EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Needham & Company LLC increased their price target on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Wall Street Zen raised shares of EverQuote from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.67.

EverQuote Trading Down 1.2%

EVER stock opened at $23.57 on Thursday. EverQuote, Inc. has a 1-year low of $13.88 and a 1-year high of $28.73. The firm has a market cap of $849.23 million, a PE ratio of 7.65 and a beta of 0.62. The business’s 50-day moving average price is $22.96 and its two-hundred day moving average price is $19.43.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. The company had revenue of $195.09 million during the quarter, compared to the consensus estimate of $191.06 million. EverQuote had a return on equity of 52.53% and a net margin of 15.16%.The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 earnings per share. On average, analysts forecast that EverQuote, Inc. will post 1.72 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Joseph Sanborn sold 6,667 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $24.63, for a total value of $164,208.21. Following the completion of the transaction, the chief financial officer owned 311,908 shares in the company, valued at $7,682,294.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jon Ayotte sold 4,611 shares of the company’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 transaction of $111,355.65. Following the completion of the transaction, the chief accounting officer owned 74,580 shares of the company’s stock, valued at $1,801,107. This trade 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 sold 27,586 shares of company stock valued at $629,114. 23.68% of the stock is owned by corporate insiders.

Key Stories Impacting EverQuote

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: Q2 results exceeded expectations: EverQuote reported $195.1 million in revenue, up 24.6% year over year, and adjusted earnings of $0.53 per share, slightly above consensus. Growth was driven by its Automotive and Home & Renters insurance businesses. EVER Q2 Beat Earnings Estimates on Auto, Home Insurance Growth
• Positive Sentiment: Analysts raised their targets: B. Riley reaffirmed its “buy” rating and lifted its price target to $34 from $30, while Needham raised its target to $30 from $25 and also maintained a “buy” rating. These targets imply substantial upside from recent trading levels. Needham Raises EverQuote Price Target
• Positive Sentiment: Growth outlook remains constructive: Management expects third-quarter revenue of $198 million to $208 million and continues to target a path toward $1 billion in annual revenue. An analyst view also highlighted roughly 20% revenue growth, improving marketing efficiency, AI-related initiatives and more than 30% adjusted EBITDA growth. EverQuote Q3 Revenue Outlook
• Neutral Sentiment: Investor outreach is planned: EverQuote will present and hold one-on-one meetings at upcoming investor conferences. These events could provide additional visibility into insurance-market demand and its long-term growth targets, but they do not immediately change earnings. EverQuote to Present at Upcoming Investor Conferences
• Negative Sentiment: Mixed analyst sentiment and post-earnings weakness are weighing on the stock: Although several firms are bullish, coverage remains mixed and the shares declined after the earnings release. This suggests investors may have expected a stronger outlook or are taking profits after EverQuote’s significant advance toward its 52-week high. EverQuote Sales Beat Estimates but Stock Drops

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.