Tudor Investment Corp ET AL Reduces Holdings in EverQuote, Inc. $EVER

Key Points

• Tudor Investment Corp ET AL cut its EverQuote stake by 48.9% in Q3, selling 87,253 shares and leaving it with 91,338 shares worth about $2.09 million (roughly 0.25% of the company).
• EverQuote reported a strong quarter, beating estimates with $1.54 EPS vs. $0.35 expected and $195.32M revenue vs. $176.82M, a 32.3% year-over-year revenue gain alongside a 14.34% net margin and 57.65% ROE.
• Institutional ownership stands at 91.54% with major funds (Vanguard, Qube, Balyasny, others) adjusting positions, and analysts hold a consensus Moderate Buy rating with a $23.83 average price target.

Tudor Investment Corp ET AL lowered its holdings in shares of EverQuote, Inc. (NASDAQ:EVER - Free Report) by 48.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,338 shares of the company's stock after selling 87,253 shares during the period. Tudor Investment Corp ET AL owned about 0.25% of EverQuote worth $2,089,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of EVER. Vanguard Group Inc. increased its stake in shares of EverQuote by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,201,338 shares of the company's stock worth $50,345,000 after purchasing an additional 123,728 shares in the last quarter. Qube Research & Technologies Ltd raised its position in shares of EverQuote by 27.3% in the second quarter. Qube Research & Technologies Ltd now owns 800,114 shares of the company's stock valued at $19,347,000 after buying an additional 171,787 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of EverQuote by 3.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 727,956 shares of the company's stock valued at $16,648,000 after buying an additional 26,980 shares during the period. Emerald Advisers LLC lifted its stake in shares of EverQuote by 11.2% during the third quarter. Emerald Advisers LLC now owns 689,253 shares of the company's stock valued at $15,763,000 after buying an additional 69,668 shares during the period. Finally, Balyasny Asset Management L.P. boosted its position in EverQuote by 110.7% during the third quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company's stock worth $15,720,000 after acquiring an additional 361,082 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.

Wall Street Analyst Weigh In

EVER has been the subject of several analyst reports. Craig Hallum reiterated a "buy" rating and issued a $20.00 price target on shares of EverQuote in a report on Tuesday, February 24th. Weiss Ratings restated a "hold (c)" rating on shares of EverQuote in a report on Thursday, January 22nd. B. Riley Financial lowered their price objective on EverQuote from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Tuesday, February 24th. Raymond James Financial reiterated an "outperform" rating and issued a $18.00 target price on shares of EverQuote in a research note on Tuesday, February 17th. Finally, Wall Street Zen upgraded EverQuote from a "buy" rating to a "strong-buy" rating in a research report on Monday, March 16th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, EverQuote currently has an average rating of "Moderate Buy" and a consensus price target of $23.83.

Insider Transactions at EverQuote

In other EverQuote news, CAO Jon Ayotte sold 1,730 shares of the company's stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $15.56, for a total transaction of $26,918.80. Following the completion of the sale, the chief accounting officer directly owned 86,202 shares in the company, valued at $1,341,303.12. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jayme Mendal sold 14,360 shares of the firm's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $14.98, for a total value of $215,112.80. Following the completion of the transaction, the chief executive officer owned 541,777 shares in the company, valued at approximately $8,115,819.46. This trade represents a 2.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,889 shares of company stock worth $847,054 over the last ninety days. 25.52% of the stock is owned by insiders.

EverQuote Stock Performance

Shares of EVER stock opened at $15.19 on Friday. The firm has a market capitalization of $547.30 million, a price-to-earnings ratio of 5.75 and a beta of 0.54. EverQuote, Inc. has a one year low of $13.93 and a one year high of $28.73. The company has a 50 day moving average price of $17.64 and a 200 day moving average price of $22.06.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings results on Monday, February 23rd. The company reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $1.19. The company had revenue of $195.32 million for the quarter, compared to analyst estimates of $176.82 million. EverQuote had a net margin of 14.34% and a return on equity of 57.65%. EverQuote's revenue for the quarter was up 32.3% on a year-over-year basis. During the same quarter last year, the business earned $0.33 EPS. As a group, equities analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

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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