29,557 Shares in EverQuote, Inc. $EVER Acquired by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC acquired 29,557 shares of EverQuote, Inc. valued at approximately $715,000, owning 0.08% of the company.
• EverQuote's shares have a consensus rating of "Buy" with an average target price of $32.40, according to Needham & Company LLC.
• Insider transactions revealed significant sales, with a major shareholder offloading 900,000 shares valued at around $21 million, reducing their stake by 25.73%.

Counterpoint Mutual Funds LLC acquired a new position in EverQuote, Inc. (NASDAQ:EVER - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 29,557 shares of the company's stock, valued at approximately $715,000. Counterpoint Mutual Funds LLC owned 0.08% of EverQuote as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its stake in EverQuote by 13.2% in the 1st quarter. Acadian Asset Management LLC now owns 856,248 shares of the company's stock worth $22,413,000 after purchasing an additional 99,743 shares during the period. Nuveen LLC acquired a new stake in shares of EverQuote during the 1st quarter valued at $15,363,000. Emerald Advisers LLC acquired a new stake in shares of EverQuote during the 1st quarter valued at $11,621,000. Nuveen Asset Management LLC boosted its stake in shares of EverQuote by 16.4% during the 4th quarter. Nuveen Asset Management LLC now owns 424,410 shares of the company's stock valued at $8,484,000 after buying an additional 59,825 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of EverQuote by 14.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 348,572 shares of the company's stock valued at $9,129,000 after buying an additional 43,490 shares during the period. Institutional investors and hedge funds own 91.54% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a "buy" rating and set a $38.00 target price on shares of EverQuote in a research note 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, the company has a consensus rating of "Buy" and an average target price of $32.40.

Insider Transactions at EverQuote

In other EverQuote news, Director John L. Shields sold 2,000 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $24.00, for a total value of $48,000.00. Following the transaction, the director directly owned 29,219 shares in the company, valued at $701,256. The trade was a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Ventures Lllp Link sold 900,000 shares of the business's stock in a transaction dated Sunday, August 10th. The shares were sold at an average price of $23.33, for a total transaction of $20,997,000.00. Following the completion of the transaction, the insider owned 2,598,154 shares in the company, valued at approximately $60,614,932.82. This trade represents a 25.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 944,890 shares of company stock valued at $22,072,997. 25.52% of the stock is owned by company insiders.

EverQuote Stock Down 2.5%

NASDAQ EVER opened at $24.85 on Tuesday. The stock has a market cap of $907.27 million, a P/E ratio of 20.04 and a beta of 0.54. The company's 50-day simple moving average is $24.14 and its 200 day simple moving average is $24.26. EverQuote, Inc. has a twelve month low of $16.63 and a twelve month high of $30.03.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. The business had revenue of $156.63 million for the quarter, compared to analysts' expectations of $157.19 million. EverQuote had a net margin of 7.57% and a return on equity of 36.90%. The firm's revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 earnings per share. EverQuote has set its Q3 2025 guidance at EPS. Research analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.