Acadian Asset Management LLC Purchases 99,743 Shares of EverQuote, Inc. $EVER

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

Several other institutional investors have also recently modified their holdings of the stock. Nuveen LLC purchased a new position in EverQuote during the first quarter worth $15,363,000. Point72 Asset Management L.P. boosted its position in EverQuote by 2,301.4% during the fourth quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company's stock worth $9,216,000 after acquiring an additional 441,815 shares during the last quarter. Emerald Advisers LLC acquired a new position in EverQuote in the 1st quarter valued at $11,621,000. Nuveen Asset Management LLC grew its position in shares of EverQuote by 16.4% in the fourth quarter. Nuveen Asset Management LLC now owns 424,410 shares of the company's stock valued at $8,484,000 after purchasing an additional 59,825 shares during the period. Finally, Squarepoint Ops LLC lifted its position in EverQuote by 47.2% during the fourth quarter. Squarepoint Ops LLC now owns 371,595 shares of the company's stock worth $7,428,000 after buying an additional 119,189 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EverQuote

In other news, major shareholder Ventures Lllp Link sold 900,000 shares of the firm's stock in a transaction dated 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 sale, the insider directly owned 2,598,154 shares of the company's stock, valued at $60,614,932.82. This trade represents a 25.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Shields sold 2,000 shares of the 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 transaction, the director owned 29,219 shares in the company, valued at approximately $701,256. This trade represents a 6.41% 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 over the last 90 days. 25.52% of the stock is owned by insiders.

EverQuote Price Performance

EVER stock traded up $0.60 on Wednesday, reaching $24.61. The company's stock had a trading volume of 119,090 shares, compared to its average volume of 534,699. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03. The firm has a fifty day moving average of $24.13 and a two-hundred day moving average of $24.30. The company has a market capitalization of $898.51 million, a P/E ratio of 19.87 and a beta of 0.54.

EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly 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. EverQuote had a net margin of 7.57% and a return on equity of 36.90%. The company had revenue of $156.63 million during the quarter, compared to analyst estimates of $157.19 million. During the same period in the prior year, the business posted $0.17 EPS. The business'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. As a group, equities analysts expect that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.