EverQuote, Inc. $EVER Shares Acquired by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC increased its stake in EverQuote, Inc. by 14.3%, owning approximately 348,572 shares valued at $9.1 million as of the latest SEC filing.
• Insiders have sold a total of 957,250 shares of EverQuote stock worth approximately $22.4 million in the past three months, reflecting notable decreases in their ownership.
• EverQuote's recent earnings report showed a 33.7% increase in revenue year-over-year, with an EPS of $0.39, surpassing expectations of $0.35.

Cubist Systematic Strategies LLC grew its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 14.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 348,572 shares of the company's stock after purchasing an additional 43,490 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.98% of EverQuote worth $9,129,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in shares of EverQuote in the 1st quarter valued at $157,000. Arizona State Retirement System acquired a new stake in shares of EverQuote in the 1st quarter valued at $202,000. Linden Thomas Advisory Services LLC acquired a new stake in shares of EverQuote in the 1st quarter valued at $216,000. Cornerstone Investment Partners LLC acquired a new stake in shares of EverQuote in the 1st quarter valued at $225,000. Finally, GAMMA Investing LLC raised its holdings in shares of EverQuote by 3,600.0% in the 1st quarter. GAMMA Investing LLC now owns 8,695 shares of the company's stock valued at $228,000 after purchasing an additional 8,460 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at EverQuote

In other EverQuote news, Director John L. Shields sold 2,000 shares of the firm's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $24.30, for a total transaction of $48,600.00. Following the transaction, the director directly owned 31,219 shares of the company's stock, valued at approximately $758,621.70. This trade represents a 6.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Ventures Lllp Link sold 900,000 shares of the firm's stock in a transaction on Sunday, August 10th. The stock was sold at an average price of $23.33, for a total transaction of $20,997,000.00. Following the transaction, the insider directly owned 2,598,154 shares in the company, valued at $60,614,932.82. The trade was a 25.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 957,250 shares of company stock worth $22,372,509 in the last three months. Company insiders own 25.52% of the company's stock.

EverQuote Price Performance

Shares of NASDAQ:EVER opened at $23.25 on Tuesday. The company's fifty day moving average price is $24.20 and its 200 day moving average price is $24.26. EverQuote, Inc. has a 12 month low of $16.63 and a 12 month high of $30.03. The firm has a market capitalization of $848.86 million, a P/E ratio of 18.75 and a beta of 0.54.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.39 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $157.19 million. During the same period last year, the business earned $0.17 EPS. EverQuote'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. On average, sell-side analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC restated a "buy" rating and issued a $38.00 price objective on shares of EverQuote in a report on Tuesday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price 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.

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