Y Intercept Hong Kong Ltd Increases Stake in EverQuote, Inc. $EVER

Y Intercept Hong Kong Ltd grew its position in EverQuote, Inc. (NASDAQ:EVER) by 75.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 114,451 shares of the company’s stock after buying an additional 49,205 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.31% of EverQuote worth $2,617,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc increased its holdings in shares of EverQuote by 108.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock worth $26,000 after purchasing an additional 601 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in EverQuote by 25.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock valued at $68,000 after acquiring an additional 573 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of EverQuote by 271.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock valued at $79,000 after acquiring an additional 2,381 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in EverQuote by 28.7% during the second quarter. Asset Management One Co. Ltd. now owns 4,682 shares of the company’s stock valued at $113,000 after purchasing an additional 1,044 shares during the period. Finally, AlphaQuest LLC boosted its holdings in EverQuote by 70.9% in the second quarter. AlphaQuest LLC now owns 5,485 shares of the company’s stock worth $133,000 after purchasing an additional 2,276 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

Insider Activity

In other news, CTO David Brainard sold 5,709 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $25.05, for a total value of $143,010.45. Following the sale, the chief technology officer owned 101,603 shares of the company’s stock, valued at approximately $2,545,155.15. This represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jayme Mendal sold 14,360 shares of EverQuote stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $27.25, for a total transaction of $391,310.00. Following the transaction, the chief executive officer directly owned 438,052 shares of the company’s stock, valued at approximately $11,936,917. This represents a 3.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 59,507 shares of company stock worth $1,494,612. 25.52% of the stock is currently owned by insiders.

Analyst Ratings Changes

EVER has been the topic of a number of research reports. Zacks Research upgraded EverQuote from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Needham & Company LLC increased their target price on EverQuote from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. raised their target price on EverQuote from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. Wall Street Zen cut shares of EverQuote from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of EverQuote in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $34.00.

EverQuote Trading Up 0.7%

Shares of NASDAQ:EVER traded up $0.17 during trading on Wednesday, reaching $23.35. The company’s stock had a trading volume of 115,551 shares, compared to its average volume of 444,184. The stock has a market capitalization of $839.39 million, a PE ratio of 16.33 and a beta of 0.46. EverQuote, Inc. has a 12 month low of $19.15 and a 12 month high of $30.03. The firm’s 50 day simple moving average is $26.02 and its two-hundred day simple moving average is $24.30.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.13. The business had revenue of $173.94 million during the quarter, compared to analyst estimates of $166.09 million. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.The company’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same period last year, the company earned $0.31 EPS. Research analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

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.