EverQuote, Inc. (NASDAQ:EVER) Receives Average Rating of “Buy” from Analysts

EverQuote, Inc. (NASDAQ:EVER) has received an average rating of “Buy” from the six brokerages that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $28.50.

A number of analysts recently issued reports on EVER shares. JPMorgan Chase & Co. lowered their target price on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. B. Riley lowered their target price on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Craig Hallum lifted their target price on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, Needham & Company LLC boosted their price target on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th.

Insider Activity at EverQuote

In other EverQuote news, Director George R. Neble sold 2,500 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $19.42, for a total transaction of $48,550.00. Following the completion of the sale, the director now directly owns 54,970 shares in the company, valued at $1,067,517.40. This represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO David Brainard sold 1,641 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total value of $33,181.02. Following the sale, the chief technology officer now owns 155,491 shares of the company’s stock, valued at $3,144,028.02. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,716 shares of company stock worth $188,810. Company insiders own 29.79% of the company’s stock.

Institutional Investors Weigh In On EverQuote

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC lifted its stake in EverQuote by 41.2% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $51,000 after purchasing an additional 700 shares during the last quarter. Quarry LP lifted its stake in EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 985 shares during the last quarter. CWM LLC lifted its stake in EverQuote by 133.2% during the second quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after purchasing an additional 1,063 shares during the last quarter. Gladius Capital Management LP bought a new stake in EverQuote during the third quarter worth $26,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in EverQuote by 19.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock worth $177,000 after purchasing an additional 1,363 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

EverQuote Price Performance

EVER opened at $19.33 on Tuesday. The business’s 50-day moving average price is $19.59 and its two-hundred day moving average price is $21.62. EverQuote has a 1 year low of $8.44 and a 1 year high of $28.09. The company has a market capitalization of $683.32 million, a price-to-earnings ratio of 56.85 and a beta of 1.06.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. The firm had revenue of $144.53 million for the quarter, compared to the consensus estimate of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company’s revenue for the quarter was up 162.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.40) EPS. Sell-side analysts anticipate that EverQuote will post 0.72 earnings per share for the current fiscal year.

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.