First Eagle Investment Management LLC Has $6.80 Million Stake in EverQuote, Inc. $EVER

First Eagle Investment Management LLC decreased its stake in EverQuote, Inc. (NASDAQ:EVER) by 12.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 251,957 shares of the company’s stock after selling 36,500 shares during the period. First Eagle Investment Management LLC’s holdings in EverQuote were worth $6,803,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in 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. Versant Capital Management Inc increased its holdings in shares of EverQuote by 108.9% in the third quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock worth $26,000 after acquiring an additional 601 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of EverQuote in the third quarter worth about $52,000. 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. Institutional investors and hedge funds own 91.54% of the company’s stock.

EverQuote Stock Performance

NASDAQ:EVER opened at $19.12 on Wednesday. The company has a market cap of $688.89 million, a PE ratio of 6.50 and a beta of 0.56. EverQuote, Inc. has a 52-week low of $13.88 and a 52-week high of $28.73. The stock has a 50-day simple moving average of $16.44 and a 200 day simple moving average of $20.83.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. The business had revenue of $190.85 million during the quarter, compared to the consensus estimate of $180.10 million. EverQuote had a return on equity of 53.39% and a net margin of 15.35%.EverQuote’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. On average, research analysts predict that EverQuote, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

EVER has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of EverQuote in a report on Tuesday, May 5th. B. Riley Financial lowered their price target on EverQuote from $36.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Canaccord Genuity Group decreased their price objective on EverQuote from $33.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Raymond James Financial reiterated an “outperform” rating and set a $18.00 price objective on shares of EverQuote in a report on Tuesday, February 17th. Finally, Weiss Ratings downgraded EverQuote from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.17.

Insider Buying and Selling

In other EverQuote news, CEO Jayme Mendal sold 14,360 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $14.98, for a total value of $215,112.80. Following the completion of the transaction, the chief executive officer directly owned 541,777 shares in the company, valued at $8,115,819.46. This trade represents a 2.58% 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 9,942 shares of the firm’s 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 completion of the transaction, the chief technology officer owned 180,493 shares of the company’s stock, valued at approximately $3,505,174.06. This represents a 5.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 48,400 shares of company stock valued at $886,823 in the last ninety days. 25.52% of the stock is owned by company insiders.

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.