S Squared Technology LLC Acquires 26,047 Shares of EverQuote, Inc. $EVER

S Squared Technology LLC grew its holdings in EverQuote, Inc. (NASDAQ:EVER) by 52.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,047 shares of the company’s stock after acquiring an additional 26,047 shares during the quarter. EverQuote accounts for about 0.8% of S Squared Technology LLC’s investment portfolio, making the stock its 29th largest holding. S Squared Technology LLC’s holdings in EverQuote were worth $2,053,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Comerica Bank increased its holdings in shares of EverQuote by 235.4% in the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after acquiring an additional 772 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of EverQuote in the third quarter worth about $52,000. Clearstead Advisors LLC increased its holdings in shares of EverQuote by 70.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after acquiring an additional 826 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of EverQuote by 595.8% in the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock worth $62,000 after acquiring an additional 2,246 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of EverQuote by 271.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock worth $79,000 after acquiring an additional 2,381 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.

Insider Activity at EverQuote

In related news, CFO Joseph Sanborn sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $20.70, for a total transaction of $414,000.00. Following the completion of the transaction, the chief financial officer directly owned 337,660 shares of the company’s stock, valued at approximately $6,989,562. This represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO David Brainard sold 9,942 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $19.42, for a total value of $193,073.64. Following the transaction, the chief technology officer directly owned 180,493 shares of the company’s stock, valued at $3,505,174.06. This trade represents a 5.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 41,814 shares of company stock valued at $829,255 over the last three months. Insiders own 23.68% of the company’s stock.

EverQuote Price Performance

EVER stock opened at $19.98 on Monday. The stock has a market capitalization of $719.88 million, a P/E ratio of 6.80 and a beta of 0.65. The business has a 50-day moving average of $17.82 and a 200-day moving average of $20.11. EverQuote, Inc. has a fifty-two week low of $13.88 and a fifty-two week high of $28.73.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.08. The company had revenue of $190.85 million during the quarter, compared to analysts’ expectations of $180.10 million. EverQuote had a return on equity of 53.39% and a net margin of 15.35%.EverQuote’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. Equities analysts expect that EverQuote, Inc. will post 2.06 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EVER. Zacks Research downgraded EverQuote from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Canaccord Genuity Group reduced their price objective on EverQuote from $33.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. B. Riley Financial reduced their price objective on EverQuote from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Wall Street Zen cut EverQuote from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of EverQuote in a research report on Tuesday, May 5th. Six 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, EverQuote currently has an average rating of “Moderate Buy” and a consensus target price of $24.17.

About EverQuote

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.