Fox Run Management L.L.C. Makes New Investment in EverQuote, Inc. $EVER

Key Points

• Fox Run Management L.L.C. invested $917,000 in EverQuote, acquiring 35,014 shares, representing approximately 0.10% of the company's stock.
• Several large investors increased their holdings in EverQuote, with Renaissance Technologies LLC leading with a 32.9% increase during the fourth quarter.
• EverQuote reported a 33.7% revenue increase year-over-year, earning $0.39 per share in its latest quarter, which exceeds analysts' expectations of $0.35.

Fox Run Management L.L.C. acquired a new position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 35,014 shares of the company's stock, valued at approximately $917,000. Fox Run Management L.L.C. owned approximately 0.10% of EverQuote at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EVER. Geode Capital Management LLC raised its holdings in EverQuote by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 600,365 shares of the company's stock worth $12,004,000 after purchasing an additional 5,210 shares in the last quarter. Legal & General Group Plc raised its holdings in EverQuote by 4.8% during the fourth quarter. Legal & General Group Plc now owns 21,985 shares of the company's stock worth $439,000 after purchasing an additional 1,012 shares in the last quarter. Renaissance Technologies LLC raised its holdings in EverQuote by 32.9% during the fourth quarter. Renaissance Technologies LLC now owns 469,087 shares of the company's stock worth $9,377,000 after purchasing an additional 116,100 shares in the last quarter. Barclays PLC raised its holdings in EverQuote by 32.0% during the fourth quarter. Barclays PLC now owns 67,305 shares of the company's stock worth $1,346,000 after purchasing an additional 16,322 shares in the last quarter. Finally, XTX Topco Ltd raised its holdings in EverQuote by 25.6% during the fourth quarter. XTX Topco Ltd now owns 30,847 shares of the company's stock worth $617,000 after purchasing an additional 6,292 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Needham & Company LLC reissued a "buy" rating and set 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 given a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $32.40.

Insider Transactions at EverQuote

In other EverQuote news, major shareholder Ventures Lllp Link sold 900,000 shares of the business's stock in a transaction on Sunday, August 10th. The shares were sold at an average price of $23.33, for a total transaction of $20,997,000.00. Following the sale, the insider directly owned 2,598,154 shares in the company, valued at approximately $60,614,932.82. The trade was a 25.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO David Brainard sold 5,710 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $24.57, for a total transaction of $140,294.70. Following the sale, the chief technology officer owned 128,720 shares in the company, valued at $3,162,650.40. The trade was a 4.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 941,263 shares of company stock worth $22,005,645 over the last quarter. 25.52% of the stock is currently owned by corporate insiders.

EverQuote Price Performance

Shares of EVER traded down $0.2950 during mid-day trading on Wednesday, reaching $22.8250. 241,802 shares of the company's stock were exchanged, compared to its average volume of 546,548. The stock has a market capitalization of $833.41 million, a PE ratio of 18.40 and a beta of 0.37. The business's fifty day simple moving average is $24.47 and its 200-day simple moving average is $24.13. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $30.03.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.39 earnings per share (EPS) 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 business had revenue of $156.63 million for the quarter, compared to analyst estimates of $157.19 million. During the same period last year, the firm posted $0.17 earnings per share. The company'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. Equities research analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current year.

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.