Invesco Ltd. Makes New Investment in EverQuote, Inc. $EVER

Invesco Ltd. acquired a new position in shares of EverQuote, Inc. (NASDAQ:EVER) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,311 shares of the company’s stock, valued at approximately $558,000.

Several other large investors have also recently added to or reduced their stakes in EVER. FNY Investment Advisers LLC bought a new stake in EverQuote during the first quarter worth about $157,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of EverQuote during the fourth quarter worth approximately $180,000. Arizona State Retirement System acquired a new position in shares of EverQuote during the first quarter worth approximately $202,000. Linden Thomas Advisory Services LLC acquired a new position in shares of EverQuote during the first quarter worth approximately $216,000. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of EverQuote during the first quarter worth approximately $225,000. 91.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CTO David Brainard sold 5,710 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $24.57, for a total value of $140,294.70. Following the transaction, the chief technology officer directly owned 128,720 shares in the company, valued at $3,162,650.40. This represents a 4.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Julia Brncic sold 1,808 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $24.31, for a total transaction of $43,952.48. Following the completion of the sale, the general counsel directly owned 123,397 shares of the company’s stock, valued at $2,999,781.07. The trade was a 1.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 957,250 shares of company stock valued at $22,372,509 over the last three months. 25.52% of the stock is owned by insiders.

EverQuote Price Performance

Shares of NASDAQ EVER opened at $23.54 on Friday. The company’s 50 day simple moving average is $24.16 and its 200 day simple moving average is $24.27. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03. The firm has a market capitalization of $859.45 million, a P/E ratio of 18.98 and a beta of 0.54.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. EverQuote had a net margin of 7.57% and a return on equity of 36.90%. The business had revenue of $156.63 million for the quarter, compared to analyst estimates of $157.19 million. During the same period in the prior year, the business posted $0.17 earnings per share. EverQuote’s revenue was up 33.7% compared to the same quarter last year. EverQuote has set its Q3 2025 guidance at EPS. Sell-side analysts expect that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Needham & Company LLC reiterated a “buy” rating and set a $38.00 target price on shares of EverQuote in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat, EverQuote currently has an average rating of “Buy” and a consensus target price of $32.40.

EverQuote Profile

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.