Intrinsic Edge Capital Management LLC Makes New Investment in EverQuote, Inc. $EVER

Intrinsic Edge Capital Management LLC bought a new stake in EverQuote, Inc. (NASDAQ:EVER) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 80,000 shares of the company’s stock, valued at approximately $1,830,000. Intrinsic Edge Capital Management LLC owned approximately 0.22% of EverQuote at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in EVER. Versant Capital Management Inc increased its stake in EverQuote by 108.9% in the third quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock valued at $26,000 after acquiring an additional 601 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in EverQuote by 595.8% during the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock worth $62,000 after purchasing an additional 2,246 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of EverQuote by 25.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock valued at $68,000 after purchasing an additional 573 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of EverQuote by 271.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock valued at $79,000 after purchasing an additional 2,381 shares during the last quarter. Finally, AlphaQuest LLC raised its holdings in shares of EverQuote by 70.9% during the 2nd quarter. AlphaQuest LLC now owns 5,485 shares of the company’s stock worth $133,000 after buying an additional 2,276 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

EverQuote Price Performance

EverQuote stock opened at $16.38 on Wednesday. The business has a 50 day moving average of $21.22 and a 200-day moving average of $22.98. The company has a market capitalization of $589.02 million, a P/E ratio of 6.20 and a beta of 0.54. EverQuote, Inc. has a 1 year low of $13.93 and a 1 year high of $30.03.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, February 23rd. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $0.35 by $1.19. EverQuote had a net margin of 14.34% and a return on equity of 57.65%. The business had revenue of $195.32 million for the quarter, compared to the consensus estimate of $176.82 million. During the same period last year, the company earned $0.33 EPS. The firm’s revenue was up 32.3% compared to the same quarter last year. Equities analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Craig Hallum reaffirmed a “buy” rating and issued a $20.00 price objective on shares of EverQuote in a research note on Tuesday, February 24th. Canaccord Genuity Group dropped their target price on shares of EverQuote from $33.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EverQuote in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of EverQuote from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Zacks Research downgraded shares of EverQuote from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, EverQuote has a consensus rating of “Moderate Buy” and a consensus price target of $23.83.

Insider Buying and Selling at EverQuote

In related news, Director John L. Shields sold 2,000 shares of the business’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $25.73, for a total value of $51,460.00. Following the sale, the director owned 25,219 shares of the company’s stock, valued at $648,884.87. The trade was a 7.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO David Brainard sold 5,709 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $25.05, for a total value of $143,010.45. Following the transaction, the chief technology officer directly 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 55,249 shares of company stock worth $1,238,364 in the last three months. 25.52% of the stock is currently owned by company insiders.

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.