EverQuote, Inc. $EVER Shares Purchased by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management increased its EverQuote stake by 254.6% in the first quarter, acquiring 82,579 additional shares to own 115,013 shares valued at approximately $1.77 million. Institutional investors collectively hold 91.54% of the company.
• EverQuote reported quarterly EPS of $0.53, exceeding estimates by $0.01, while revenue reached $195.09 million, up 24.6% year over year and above analyst expectations.
• Analyst sentiment remains generally positive, with six Buy, one Hold, and one Sell rating and a consensus price target of $25.67. Shares opened at $25.09, while insiders sold $799,189 worth of stock over the past 90 days.

Quantinno Capital Management LP boosted its stake in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 254.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,013 shares of the company's stock after acquiring an additional 82,579 shares during the period. Quantinno Capital Management LP owned about 0.32% of EverQuote worth $1,774,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lazard Asset Management LLC increased its position in shares of EverQuote by 81.7% during the fourth quarter. Lazard Asset Management LLC now owns 901,207 shares of the company's stock worth $24,333,000 after purchasing an additional 405,237 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in shares of EverQuote by 110.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company's stock valued at $15,720,000 after purchasing an additional 361,082 shares during the period. AQR Capital Management LLC boosted its position in shares of EverQuote by 95.1% in the 2nd quarter. AQR Capital Management LLC now owns 655,615 shares of the company's stock valued at $15,853,000 after purchasing an additional 319,618 shares during the period. Allspring Global Investments Holdings LLC grew its stake in EverQuote by 47.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company's stock worth $13,412,000 after buying an additional 293,160 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in EverQuote by 615.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company's stock worth $8,896,000 after buying an additional 292,172 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

EverQuote Stock Performance

Shares of NASDAQ:EVER opened at $25.09 on Wednesday. The company has a 50-day simple moving average of $23.42 and a 200-day simple moving average of $19.45. EverQuote, Inc. has a one year low of $13.88 and a one year high of $28.73. The stock has a market capitalization of $903.99 million, a price-to-earnings ratio of 8.15 and a beta of 0.62.

EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.01. The firm had revenue of $195.09 million for the quarter, compared to analyst estimates of $191.06 million. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.The business's revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the company posted $0.39 earnings per share. As a group, research analysts forecast that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EVER shares. JPMorgan Chase & Co. lifted their price target on EverQuote from $22.00 to $24.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 5th. Weiss Ratings raised EverQuote from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, May 15th. Wall Street Zen lowered shares of EverQuote from a "buy" rating to a "hold" rating in a research report on Saturday. B. Riley Financial reaffirmed a "buy" rating and issued a $34.00 target price (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. Finally, Zacks Research downgraded shares of EverQuote from a "hold" rating to a "strong sell" rating in a research report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $25.67.

Insider Buying and Selling at EverQuote

In other news, CTO David Brainard sold 4,960 shares of the business's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $25.51, for a total value of $126,529.60. Following the transaction, the chief technology officer owned 165,336 shares of the company's stock, valued at approximately $4,217,721.36. The trade was a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jon Ayotte sold 4,611 shares of the company's stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $24.15, for a total value of $111,355.65. Following the sale, the chief accounting officer owned 74,580 shares of the company's stock, valued at $1,801,107. This trade represents a 5.82% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 34,253 shares of company stock valued at $799,189 in the last ninety days. Insiders own 23.68% of the company's stock.

EverQuote Company Profile

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company's core business centers on a quote-comparison engine for personal auto, home, and health insurance products.

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