EverQuote, Inc. (NASDAQ:EVER) Receives $26.25 Consensus Price Target from Analysts

Shares of EverQuote, Inc. (NASDAQ:EVER) have been assigned an average rating of “Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $26.25.

Several analysts recently issued reports on EVER shares. Needham & Company LLC boosted their price objective on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Craig Hallum lifted their price objective on EverQuote from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Canaccord Genuity Group increased their price target on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, B. Riley upped their price objective on EverQuote from $24.00 to $29.50 and gave the stock a “buy” rating in a research report on Tuesday, May 7th.

EverQuote Price Performance

EVER opened at $21.10 on Friday. The firm has a market capitalization of $732.59 million, a price-to-earnings ratio of -14.96 and a beta of 0.96. The company’s 50 day simple moving average is $21.84 and its two-hundred day simple moving average is $17.50. EverQuote has a 1-year low of $5.36 and a 1-year high of $25.69.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.12. EverQuote had a negative return on equity of 31.65% and a negative net margin of 17.37%. The business had revenue of $91.07 million for the quarter, compared to analyst estimates of $80.36 million. During the same quarter in the previous year, the firm earned ($0.08) EPS. The company’s quarterly revenue was down 16.6% compared to the same quarter last year. On average, equities analysts anticipate that EverQuote will post 0.05 earnings per share for the current fiscal year.

Insider Buying and Selling at EverQuote

In other news, major shareholder Ventures Lllp Link sold 2,573 shares of the company’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $20.48, for a total transaction of $52,695.04. Following the completion of the transaction, the insider now directly owns 1,562,990 shares of the company’s stock, valued at approximately $32,010,035.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, major shareholder Ventures Lllp Link sold 2,573 shares of the stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total value of $52,695.04. Following the transaction, the insider now directly owns 1,562,990 shares of the company’s stock, valued at approximately $32,010,035.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Julia Brncic sold 2,622 shares of EverQuote stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $21.16, for a total value of $55,481.52. Following the sale, the general counsel now owns 118,963 shares in the company, valued at approximately $2,517,257.08. The disclosure for this sale can be found here. Insiders have sold a total of 153,732 shares of company stock worth $3,230,788 over the last ninety days. Corporate insiders own 29.79% of the company’s stock.

Institutional Investors Weigh In On EverQuote

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new position in EverQuote in the 4th quarter valued at about $40,000. Asset Management One Co. Ltd. acquired a new position in EverQuote in the 4th quarter valued at $66,000. Tower Research Capital LLC TRC raised its position in EverQuote by 446.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock worth $63,000 after buying an additional 4,215 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new position in EverQuote during the 1st quarter worth $211,000. Finally, NewEdge Wealth LLC acquired a new stake in shares of EverQuote in the 4th quarter worth $264,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

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.