Trexquant Investment LP Cuts Holdings in EverQuote, Inc. $EVER

Key Points

• Trexquant Investment LP reduced its stake in EverQuote, Inc. by 16.1%, leaving them with 222,834 shares valued at approximately $5.8 million.
• EverQuote's earnings for the most recent quarter exceeded analysts' expectations, reporting $0.39 EPS against a consensus of $0.35.
• Hedge funds and institutional investors collectively control 91.54% of EverQuote's stock, indicating significant institutional interest in the company.

Trexquant Investment LP decreased its position in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 16.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 222,834 shares of the company's stock after selling 42,837 shares during the period. Trexquant Investment LP owned about 0.62% of EverQuote worth $5,836,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its position in EverQuote by 1,553.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 243,385 shares of the company's stock valued at $6,464,000 after acquiring an additional 228,663 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of EverQuote in the 1st quarter worth $244,000. Entropy Technologies LP purchased a new stake in shares of EverQuote in the 1st quarter worth $285,000. GAMMA Investing LLC increased its stake 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 worth $228,000 after purchasing an additional 8,460 shares in the last quarter. Finally, Emerald Advisers LLC purchased a new stake in EverQuote in the 1st quarter worth $11,621,000. 91.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

EverQuote Stock Performance

NASDAQ EVER traded down $0.25 during trading on Friday, hitting $23.54. The stock had a trading volume of 368,196 shares, compared to its average volume of 477,683. The stock has a market capitalization of $859.45 million, a price-to-earnings ratio of 18.98 and a beta of 0.54. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03. The stock has a 50 day simple moving average of $24.16 and a 200 day simple moving average of $24.28.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. The business had revenue of $156.63 million during the quarter, compared to the consensus estimate of $157.19 million. EverQuote had a net margin of 7.57% and a return on equity of 36.90%. The firm's quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 earnings per share. EverQuote has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that EverQuote, Inc. will post 0.72 EPS for the current year.

Insider Buying and Selling at EverQuote

In other news, Director John L. Shields sold 2,000 shares of the firm's stock in a transaction that occurred 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Julia Brncic sold 1,808 shares of EverQuote stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $24.31, for a total transaction of $43,952.48. Following the transaction, the general counsel directly owned 123,397 shares in the company, valued at approximately $2,999,781.07. The trade was a 1.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 957,250 shares of company stock valued at $22,372,509. 25.52% of the stock is owned by corporate insiders.

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.