AQR Capital Management LLC Purchases 151,723 Shares of EverQuote, Inc. (NASDAQ:EVER)

AQR Capital Management LLC grew its holdings in EverQuote, Inc. (NASDAQ:EVER) by 285.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 204,835 shares of the company’s stock after purchasing an additional 151,723 shares during the quarter. AQR Capital Management LLC owned about 0.59% of EverQuote worth $4,273,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. nVerses Capital LLC acquired a new stake in EverQuote in the 2nd quarter valued at approximately $35,000. CWM LLC boosted its position in shares of EverQuote by 133.2% in the second quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after acquiring an additional 1,063 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of EverQuote in the second quarter worth $76,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in EverQuote during the 2nd quarter valued at $147,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in EverQuote during the 1st quarter valued at $211,000. 91.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder Ventures Lllp Link sold 7,680 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $27.08, for a total value of $207,974.40. Following the sale, the insider now owns 3,510,721 shares in the company, valued at approximately $95,070,324.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Mira Wilczek sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $22.31, for a total transaction of $111,550.00. Following the sale, the director now directly owns 94,544 shares in the company, valued at $2,109,276.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Ventures Lllp Link sold 7,680 shares of EverQuote stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $27.08, for a total value of $207,974.40. Following the completion of the transaction, the insider now owns 3,510,721 shares of the company’s stock, valued at approximately $95,070,324.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 114,029 shares of company stock worth $2,940,633 over the last three months. 29.79% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Needham & Company LLC boosted their price objective on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. upped their price target on EverQuote from $29.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Finally, Craig Hallum raised their price objective on EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, EverQuote has a consensus rating of “Buy” and an average price target of $29.58.

EverQuote Stock Up 2.2 %

NASDAQ EVER opened at $20.76 on Friday. EverQuote, Inc. has a twelve month low of $6.64 and a twelve month high of $28.09. The stock has a market cap of $720.89 million, a P/E ratio of -14.72 and a beta of 1.04. The company’s 50-day simple moving average is $22.57 and its 200 day simple moving average is $21.73.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.14. The company had revenue of $117.14 million for the quarter, compared to analyst estimates of $102.81 million. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. The company’s revenue was up 72.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.31) EPS. Research analysts anticipate that EverQuote, Inc. will post 0.57 earnings per share for the current year.

EverQuote 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.