Federated Hermes Inc. Raises Stock Holdings in EverQuote, Inc. (NASDAQ:EVER)

Federated Hermes Inc. lifted its holdings in shares of EverQuote, Inc. (NASDAQ:EVER) by 9,534.1% during the second quarter, HoldingsChannel.com reports. The fund owned 52,506 shares of the company’s stock after purchasing an additional 51,961 shares during the quarter. Federated Hermes Inc.’s holdings in EverQuote were worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. CWM LLC boosted its stake in EverQuote by 133.2% during the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after purchasing an additional 1,063 shares during the period. nVerses Capital LLC acquired a new stake in shares of EverQuote during the second quarter worth about $35,000. Meeder Asset Management Inc. purchased a new position in shares of EverQuote during the second quarter worth about $76,000. Rhumbline Advisers raised its stake in EverQuote by 18.3% during the 2nd quarter. Rhumbline Advisers now owns 35,793 shares of the company’s stock valued at $747,000 after acquiring an additional 5,534 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in EverQuote during the 2nd quarter valued at approximately $147,000. 91.54% of the stock is owned by institutional investors and hedge funds.

EverQuote Price Performance

Shares of EVER stock opened at $22.31 on Friday. The business’s fifty day moving average price is $23.32 and its 200 day moving average price is $21.50. The firm has a market capitalization of $774.71 million, a PE ratio of -15.82 and a beta of 1.04. EverQuote, Inc. has a 1-year low of $6.44 and a 1-year high of $28.09.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.14. EverQuote had a negative net margin of 8.55% and a negative return on equity of 13.24%. The business had revenue of $117.14 million for the quarter, compared to analysts’ expectations of $102.81 million. During the same period in the prior year, the company posted ($0.31) EPS. The business’s revenue for the quarter was up 72.3% on a year-over-year basis. Equities research analysts expect that EverQuote, Inc. will post 0.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EVER. Needham & Company LLC lifted their target price on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. upped their price objective on shares of EverQuote from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Finally, Craig Hallum raised their target price on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $29.58.

Insider Transactions at EverQuote

In related news, CTO David Brainard sold 3,164 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $22.02, for a total value of $69,671.28. Following the sale, the chief technology officer now directly owns 160,986 shares of the company’s stock, valued at approximately $3,544,911.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director David B. Blundin sold 3,255 shares of EverQuote stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $26.81, for a total transaction of $87,266.55. Following the completion of the sale, the director now owns 264,273 shares in the company, valued at approximately $7,085,159.13. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO David Brainard sold 3,164 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $22.02, for a total transaction of $69,671.28. Following the completion of the transaction, the chief technology officer now directly owns 160,986 shares of the company’s stock, valued at approximately $3,544,911.72. The disclosure for this sale can be found here. Insiders sold 133,998 shares of company stock valued at $3,356,708 in the last 90 days. 29.79% of the stock is currently owned by insiders.

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.