Segall Bryant & Hamill LLC Has $1.08 Million Stock Position in EverQuote, Inc. $EVER

Segall Bryant & Hamill LLC boosted its holdings in EverQuote, Inc. (NASDAQ:EVER) by 76.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,803 shares of the company’s stock after buying an additional 30,250 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.19% of EverQuote worth $1,076,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Jacobs Asset Management LLC raised its holdings in EverQuote by 199.9% in the 1st quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock valued at $6,219,000 after acquiring an additional 268,819 shares in the last quarter. Legato Capital Management LLC grew its holdings in shares of EverQuote by 179.9% during the 4th quarter. Legato Capital Management LLC now owns 86,717 shares of the company’s stock worth $2,341,000 after purchasing an additional 55,741 shares in the last quarter. K.J. Harrison & Partners Inc increased its position in shares of EverQuote by 539.0% during the first quarter. K.J. Harrison & Partners Inc now owns 63,900 shares of the company’s stock valued at $985,000 after purchasing an additional 53,900 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of EverQuote by 47.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock valued at $13,412,000 after purchasing an additional 293,160 shares during the period. Finally, OP Asset Management Ltd acquired a new position in shares of EverQuote in the first quarter valued at $2,410,000. 91.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EVER shares. Needham & Company LLC lifted their price target on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday. Wall Street Zen raised shares of EverQuote from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. B. Riley Financial reiterated a “buy” rating and set a $34.00 target price (up from $30.00) on shares of EverQuote in a research report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings raised EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.67.

Insider Buying and Selling at EverQuote

In other news, CFO Joseph Sanborn sold 6,667 shares of the stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $24.63, for a total transaction of $164,208.21. Following the sale, the chief financial officer directly owned 311,908 shares of the company’s stock, valued at $7,682,294.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO David Brainard sold 4,960 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $25.51, for a total transaction of $126,529.60. Following the completion of the sale, the chief technology officer directly owned 165,336 shares of the company’s stock, valued at approximately $4,217,721.36. This represents a 2.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 27,586 shares of company stock worth $629,114. 23.68% of the stock is currently owned by corporate insiders.

EverQuote Stock Performance

Shares of EVER opened at $23.57 on Thursday. The stock has a fifty day moving average price of $22.96 and a two-hundred day moving average price of $19.43. EverQuote, Inc. has a 52-week low of $13.88 and a 52-week high of $28.73. The company has a market cap of $849.23 million, a price-to-earnings ratio of 7.65 and a beta of 0.62.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. EverQuote had a return on equity of 52.53% and a net margin of 15.16%.The company had revenue of $195.09 million for the quarter, compared to analysts’ expectations of $191.06 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The business’s revenue for the quarter was up 24.6% on a year-over-year basis. As a group, research analysts predict that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.

Trending Headlines about EverQuote

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: Q2 results exceeded expectations: EverQuote reported $195.1 million in revenue, up 24.6% year over year, and adjusted earnings of $0.53 per share, slightly above consensus. Growth was driven by its Automotive and Home & Renters insurance businesses. EVER Q2 Beat Earnings Estimates on Auto, Home Insurance Growth
• Positive Sentiment: Analysts raised their targets: B. Riley reaffirmed its “buy” rating and lifted its price target to $34 from $30, while Needham raised its target to $30 from $25 and also maintained a “buy” rating. These targets imply substantial upside from recent trading levels. Needham Raises EverQuote Price Target
• Positive Sentiment: Growth outlook remains constructive: Management expects third-quarter revenue of $198 million to $208 million and continues to target a path toward $1 billion in annual revenue. An analyst view also highlighted roughly 20% revenue growth, improving marketing efficiency, AI-related initiatives and more than 30% adjusted EBITDA growth. EverQuote Q3 Revenue Outlook
• Neutral Sentiment: Investor outreach is planned: EverQuote will present and hold one-on-one meetings at upcoming investor conferences. These events could provide additional visibility into insurance-market demand and its long-term growth targets, but they do not immediately change earnings. EverQuote to Present at Upcoming Investor Conferences
• Negative Sentiment: Mixed analyst sentiment and post-earnings weakness are weighing on the stock: Although several firms are bullish, coverage remains mixed and the shares declined after the earnings release. This suggests investors may have expected a stronger outlook or are taking profits after EverQuote’s significant advance toward its 52-week high. EverQuote Sales Beat Estimates but Stock Drops

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.