Hillsdale Investment Management Inc. Grows Position in EverQuote, Inc. $EVER

Hillsdale Investment Management Inc. increased its holdings in shares of EverQuote, Inc. (NASDAQ:EVER) by 7.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 234,300 shares of the company’s stock after purchasing an additional 17,200 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in EverQuote were worth $5,665,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of EVER. Entropy Technologies LP acquired a new stake in EverQuote in the 1st quarter valued at approximately $285,000. Cubist Systematic Strategies LLC boosted its position in shares of EverQuote by 14.3% during the first quarter. Cubist Systematic Strategies LLC now owns 348,572 shares of the company’s stock worth $9,129,000 after buying an additional 43,490 shares during the period. Cetera Investment Advisers purchased a new position in shares of EverQuote during the first quarter worth $407,000. Russell Investments Group Ltd. grew its stake in shares of EverQuote by 358.7% in the first quarter. Russell Investments Group Ltd. now owns 70,000 shares of the company’s stock valued at $1,837,000 after buying an additional 54,741 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of EverQuote in the 1st quarter valued at $687,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EVER. Zacks Research upgraded EverQuote from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of EverQuote in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of EverQuote from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Needham & Company LLC upped their target price on shares of EverQuote from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen lowered shares of EverQuote from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $33.75.

Insider Activity

In other EverQuote news, CEO Jayme Mendal sold 14,360 shares of the firm’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $19.46, for a total value of $279,445.60. Following the sale, the chief executive officer directly owned 466,772 shares in the company, valued at $9,083,383.12. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO David Brainard sold 5,710 shares of the company’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $22.20, for a total value of $126,762.00. Following the transaction, the chief technology officer directly owned 115,161 shares of the company’s stock, valued at approximately $2,556,574.20. This represents a 4.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 43,779 shares of company stock valued at $972,020 in the last 90 days. Company insiders own 25.52% of the company’s stock.

EverQuote Stock Performance

Shares of EverQuote stock opened at $24.49 on Friday. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03. The company has a market cap of $880.56 million, a PE ratio of 17.13 and a beta of 0.53. The business has a 50-day simple moving average of $22.76 and a 200-day simple moving average of $23.65.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, November 3rd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.13. EverQuote had a net margin of 8.36% and a return on equity of 38.19%. The firm had revenue of $173.94 million for the quarter, compared to analysts’ expectations of $166.09 million. During the same quarter last year, the company earned $0.31 earnings per share. The firm’s revenue was up 20.3% compared to the same quarter last year. EverQuote has set its Q4 2025 guidance at EPS. On average, sell-side analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

EverQuote Profile

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.