Inspire Investing LLC Buys 53,303 Shares of EverQuote, Inc. $EVER

Inspire Investing LLC raised its stake in EverQuote, Inc. (NASDAQ:EVER) by 116.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 99,131 shares of the company’s stock after buying an additional 53,303 shares during the quarter. Inspire Investing LLC’s holdings in EverQuote were worth $1,529,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Comerica Bank lifted its position in shares of EverQuote by 235.4% during the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after buying an additional 772 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of EverQuote during the 3rd quarter worth approximately $52,000. Clearstead Advisors LLC lifted its position in EverQuote by 70.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock valued at $54,000 after acquiring an additional 826 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in EverQuote by 271.2% during the second 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. Finally, Kestra Advisory Services LLC acquired a new stake in EverQuote in the fourth quarter valued at approximately $84,000. 91.54% of the stock is currently owned by institutional investors.

EverQuote Stock Performance

Shares of EVER stock opened at $24.73 on Thursday. The stock’s 50-day simple moving average is $19.34 and its 200-day simple moving average is $19.61. The firm has a market capitalization of $891.02 million, a PE ratio of 8.41 and a beta of 0.61. EverQuote, Inc. has a fifty-two week low of $13.88 and a fifty-two week high of $28.73.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, May 4th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08. EverQuote had a return on equity of 53.39% and a net margin of 15.35%.The firm had revenue of $190.85 million for the quarter, compared to analyst estimates of $180.10 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. EverQuote’s revenue for the quarter was up 14.6% on a year-over-year basis. Sell-side analysts forecast that EverQuote, Inc. will post 1.99 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Joseph Sanborn sold 6,666 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $19.28, for a total transaction of $128,520.48. Following the completion of the transaction, the chief financial officer directly owned 327,820 shares in the company, valued at $6,320,369.60. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO David Brainard sold 9,942 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $19.42, for a total transaction of $193,073.64. Following the completion of the sale, the chief technology officer directly owned 180,493 shares in the company, valued at approximately $3,505,174.06. The trade was a 5.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 41,164 shares of company stock worth $819,882 in the last quarter. Company insiders own 23.68% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on EVER shares. Wall Street Zen raised shares of EverQuote from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. 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 note on Tuesday, May 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 target price on shares of EverQuote in a research report on Tuesday, May 5th. Finally, Weiss Ratings upgraded EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $24.17.

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.