Federated Hermes Inc. Grows Stock Position in EverQuote, Inc. (NASDAQ:EVER)

Federated Hermes Inc. increased its holdings in EverQuote, Inc. (NASDAQ:EVER) by 9,534.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 52,506 shares of the company’s stock after acquiring an additional 51,961 shares during the period. Federated Hermes Inc. owned approximately 0.15% of EverQuote worth $1,095,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EVER. nVerses Capital LLC purchased a new position in shares of EverQuote during the 2nd quarter worth $35,000. CWM LLC lifted its position in EverQuote by 133.2% in the second quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after buying an additional 1,063 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in EverQuote during the second quarter worth about $76,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in EverQuote during the second quarter worth about $147,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of EverQuote during the first quarter valued at about $211,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

EverQuote Stock Down 0.6 %

NASDAQ:EVER opened at $22.31 on Friday. The company has a market cap of $774.71 million, a price-to-earnings ratio of -15.82 and a beta of 1.04. EverQuote, Inc. has a 52 week low of $6.44 and a 52 week high of $28.09. The company has a fifty day simple moving average of $23.32 and a two-hundred day simple moving average of $21.50.

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

Insider Buying and Selling

In related news, CFO Joseph Sanborn sold 4,800 shares of EverQuote stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $21.54, for a total value of $103,392.00. Following the completion of the transaction, the chief financial officer now owns 207,691 shares in the company, valued at $4,473,664.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Joseph Sanborn sold 4,800 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $21.54, for a total value of $103,392.00. Following the sale, the chief financial officer now directly owns 207,691 shares in the company, valued at approximately $4,473,664.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David B. Blundin sold 65,718 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $27.08, for a total transaction of $1,779,643.44. Following the transaction, the director now owns 192,305 shares of the company’s stock, valued at approximately $5,207,619.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 133,998 shares of company stock worth $3,356,708. Company insiders own 29.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EVER. 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 report on Tuesday, August 6th. Needham & Company LLC lifted their price objective on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Finally, Craig Hallum boosted their price objective on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $29.58.

About EverQuote

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.