EverQuote, Inc. $EVER Holdings Raised by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its stake in EverQuote, Inc. by 13.2%, owning approximately 2.40% of the company valued at $22.4 million.
• EverQuote's stock has shown a significant increase, jumping 6.3%, with a current price of $24.72 and past earnings per share surpassing analysts' estimates.
• Institutional investors and hedge funds control 91.54% of EverQuote's stock, indicating strong institutional interest.

Acadian Asset Management LLC raised its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 13.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 856,248 shares of the company's stock after purchasing an additional 99,743 shares during the quarter. Acadian Asset Management LLC owned about 2.40% of EverQuote worth $22,413,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of EverQuote by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,383 shares of the company's stock valued at $288,000 after purchasing an additional 608 shares during the period. Algert Global LLC increased its stake in shares of EverQuote by 3.8% in the first quarter. Algert Global LLC now owns 53,658 shares of the company's stock valued at $1,405,000 after purchasing an additional 1,940 shares during the period. California State Teachers Retirement System increased its stake in shares of EverQuote by 11.8% in the fourth quarter. California State Teachers Retirement System now owns 24,781 shares of the company's stock valued at $495,000 after purchasing an additional 2,624 shares during the period. State of Wyoming boosted its holdings in shares of EverQuote by 51.5% in the fourth quarter. State of Wyoming now owns 11,353 shares of the company's stock valued at $227,000 after acquiring an additional 3,858 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of EverQuote by 88.7% in the fourth quarter. Jane Street Group LLC now owns 12,081 shares of the company's stock valued at $241,000 after acquiring an additional 5,678 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

Insider Activity

In related news, Director John L. Shields sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $24.00, for a total value of $48,000.00. Following the completion of the transaction, the director owned 29,219 shares of the company's stock, valued at approximately $701,256. This trade represents a 6.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Ventures Lllp Link sold 900,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 2,598,154 shares of the company's stock, valued at $60,614,932.82. This represents a 25.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 959,250 shares of company stock valued at $22,420,509 in the last ninety days. 25.52% of the stock is owned by company insiders.

EverQuote Stock Down 0.9%

NASDAQ:EVER traded down $0.23 during trading hours on Tuesday, reaching $24.06. 178,231 shares of the company's stock were exchanged, compared to its average volume of 536,560. The company has a market capitalization of $878.32 million, a P/E ratio of 19.44 and a beta of 0.54. EverQuote, Inc. has a 12 month low of $16.63 and a 12 month high of $30.03. The business's 50-day simple moving average is $24.14 and its two-hundred day simple moving average is $24.30.

EverQuote (NASDAQ:EVER - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.04. The firm had revenue of $156.63 million during 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% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. EverQuote has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate 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 issued a $38.00 price objective on shares of EverQuote in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. According to MarketBeat.com, EverQuote has a consensus rating of "Buy" and a consensus target price of $32.40.

EverQuote 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.