EverQuote, Inc. $EVER Shares Sold by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC has reduced its holdings in EverQuote, Inc. by 14.9%, resulting in ownership of approximately $8.80 million worth of shares after selling 58,877 shares in the first quarter.
• Analysts have set a consensus target price of $32.40 for EverQuote, Inc., with Needham & Company LLC reaffirming a "buy" rating and specifying a price target of $38.00.
• Insiders at EverQuote, including the CEO and general counsel, have sold a significant number of shares, with total insider sales reaching over $22 million in the last quarter.

AQR Capital Management LLC cut its holdings in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 14.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 335,997 shares of the company's stock after selling 58,877 shares during the quarter. AQR Capital Management LLC owned 0.94% of EverQuote worth $8,800,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new position in EverQuote during the 1st quarter worth approximately $157,000. Arizona State Retirement System purchased a new position in EverQuote during the 1st quarter worth approximately $202,000. Linden Thomas Advisory Services LLC purchased a new position in EverQuote during the 1st quarter worth approximately $216,000. Cornerstone Investment Partners LLC purchased a new position in EverQuote during the 1st quarter worth approximately $225,000. Finally, GAMMA Investing LLC raised its position in EverQuote by 3,600.0% during the 1st quarter. GAMMA Investing LLC now owns 8,695 shares of the company's stock worth $228,000 after buying an additional 8,460 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EverQuote

In related news, CEO Jayme Mendal sold 14,360 shares of EverQuote stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $22.86, for a total value of $328,269.60. Following the sale, the chief executive officer owned 512,780 shares of the company's stock, valued at approximately $11,722,150.80. This trade represents a 2.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO David Brainard sold 1,291 shares of EverQuote stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $23.50, for a total transaction of $30,338.50. Following the completion of the sale, the chief technology officer directly owned 126,220 shares in the company, valued at $2,966,170. This represents a 1.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 959,250 shares of company stock worth $22,420,509 in the last ninety days. Company insiders own 25.52% of the company's stock.

EverQuote Stock Performance

EverQuote stock traded down $0.19 during trading on Friday, reaching $24.53. The company had a trading volume of 465,022 shares, compared to its average volume of 426,242. The firm's 50-day simple moving average is $24.15 and its 200 day simple moving average is $24.34. EverQuote, Inc. has a 1-year low of $16.63 and a 1-year high of $30.03. The firm has a market capitalization of $895.66 million, a PE ratio of 19.78 and a beta of 0.54.

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

Analysts Set New Price Targets

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

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.