Los Angeles Capital Management LLC trimmed its stake in shares of EverQuote, Inc. (NASDAQ:EVER – Free Report) by 7.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 88,942 shares of the company’s stock after selling 7,443 shares during the quarter. Los Angeles Capital Management LLC owned about 0.25% of EverQuote worth $2,151,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Entropy Technologies LP acquired a new stake in EverQuote during the first quarter worth about $285,000. Cubist Systematic Strategies LLC lifted its holdings in shares of EverQuote by 14.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 348,572 shares of the company’s stock worth $9,129,000 after acquiring an additional 43,490 shares during the period. Acadian Asset Management LLC boosted its position in shares of EverQuote by 13.2% during the 1st quarter. Acadian Asset Management LLC now owns 856,248 shares of the company’s stock worth $22,413,000 after acquiring an additional 99,743 shares in the last quarter. Russell Investments Group Ltd. increased its stake in EverQuote by 358.7% in the first quarter. Russell Investments Group Ltd. now owns 70,000 shares of the company’s stock valued at $1,837,000 after acquiring an additional 54,741 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new position in EverQuote during the first quarter valued at approximately $407,000. Institutional investors own 91.54% of the company’s stock.
Insider Buying and Selling at EverQuote
In other news, CTO David Brainard sold 5,710 shares of the firm’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $22.20, for a total transaction of $126,762.00. Following the completion of the transaction, the chief technology officer owned 115,161 shares of the company’s stock, valued at approximately $2,556,574.20. This trade represents a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jayme Mendal sold 14,360 shares of EverQuote stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $24.53, for a total transaction of $352,250.80. Following the transaction, the chief executive officer owned 498,420 shares in the company, valued at approximately $12,226,242.60. This trade represents a 2.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 58,113 shares of company stock valued at $1,298,496. Insiders own 25.52% of the company’s stock.
EverQuote Trading Down 1.7%
EverQuote (NASDAQ:EVER – Get Free Report) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.13. The company had revenue of $173.94 million for the quarter, compared to analysts’ expectations of $166.09 million. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.The business’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 earnings per share. EverQuote has set its Q4 2025 guidance at EPS. As a group, analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
EVER has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EverQuote in a report on Wednesday, October 8th. Zacks Research raised EverQuote from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Needham & Company LLC boosted their target price on EverQuote from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. raised their price target on shares of EverQuote from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen lowered shares of EverQuote from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $33.75.
Check Out Our Latest Analysis on EverQuote
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.
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