AQR Capital Management LLC Sells 58,877 Shares of EverQuote, Inc. $EVER

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 lowered its holdings in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 14.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 quarter.

Several other institutional investors and hedge funds have also modified their holdings of EVER. Northern Trust Corp increased its stake in EverQuote by 12.6% during the 4th quarter. Northern Trust Corp now owns 255,641 shares of the company's stock worth $5,110,000 after purchasing an additional 28,536 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of EverQuote during the fourth quarter worth $248,000. Jane Street Group LLC increased its position in shares of EverQuote by 88.7% during the fourth quarter. Jane Street Group LLC now owns 12,081 shares of the company's stock worth $241,000 after acquiring an additional 5,678 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of EverQuote by 27.0% during the fourth quarter. Deutsche Bank AG now owns 35,259 shares of the company's stock worth $705,000 after acquiring an additional 7,499 shares during the period. Finally, Graham Capital Management L.P. lifted its position in EverQuote by 85.1% in the 4th quarter. Graham Capital Management L.P. now owns 34,790 shares of the company's stock valued at $695,000 after acquiring an additional 15,994 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

EverQuote Stock Performance

EVER traded down $0.27 during trading on Tuesday, reaching $24.01. 309,296 shares of the stock were exchanged, compared to its average volume of 425,198. The stock has a market cap of $876.61 million, a P/E ratio of 19.36 and a beta of 0.54. The stock's 50 day moving average price is $24.13 and its two-hundred day moving average price is $24.30. 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 announced its quarterly earnings data on Monday, August 4th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. The company had revenue of $156.63 million during the quarter, compared to the consensus estimate of $157.19 million. EverQuote had a net margin of 7.57% and a return on equity of 36.90%. The company's quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS. EverQuote has set its Q3 2025 guidance at EPS. Equities research analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other EverQuote news, Director John L. Shields sold 2,000 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $24.00, for a total transaction of $48,000.00. Following the completion of the sale, the director owned 29,219 shares of the company's stock, valued at $701,256. This trade represents a 6.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO David Brainard sold 1,291 shares of the company's 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 transaction, the chief technology officer owned 126,220 shares in the company, valued at approximately $2,966,170. This represents a 1.01% decrease in their ownership of the stock. 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 quarter. Company insiders own 25.52% of the company's stock.

EverQuote Company 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.