EverQuote, Inc. (NASDAQ:EVER) Given Consensus Rating of “Buy” by Analysts

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

Several research analysts have commented on the company. Needham & Company LLC raised their target price on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. B. Riley cut their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. lowered their target price on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Craig Hallum boosted their price target on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th.

Insider Activity at EverQuote

In other EverQuote news, CTO David Brainard sold 3,164 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $22.02, for a total value of $69,671.28. Following the completion of the transaction, the chief technology officer now owns 160,986 shares of the company’s stock, valued at $3,544,911.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other EverQuote news, Director George R. Neble sold 2,500 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $19.42, for a total transaction of $48,550.00. Following the sale, the director now owns 54,970 shares in the company, valued at $1,067,517.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO David Brainard sold 3,164 shares of EverQuote stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $22.02, for a total value of $69,671.28. Following the sale, the chief technology officer now directly owns 160,986 shares of the company’s stock, valued at approximately $3,544,911.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,270 shares of company stock valued at $431,011 over the last three months. 29.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On EverQuote

A number of large investors have recently modified their holdings of EVER. Quarry LP boosted its stake in EverQuote by 215.5% in the second quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after buying an additional 985 shares in the last quarter. nVerses Capital LLC bought a new position in shares of EverQuote during the 2nd quarter valued at $35,000. CWM LLC grew its holdings in shares of EverQuote by 133.2% during the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after purchasing an additional 1,063 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in EverQuote in the 2nd quarter worth $76,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in EverQuote in the second quarter worth $147,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

EverQuote Stock Up 4.0 %

EVER opened at $18.01 on Friday. The firm has a 50-day moving average price of $20.66 and a 200-day moving average price of $21.80. EverQuote has a twelve month low of $7.11 and a twelve month high of $28.09. The company has a market capitalization of $631.79 million, a price-to-earnings ratio of -21.44 and a beta of 1.06.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. EverQuote had a negative net margin of 8.55% and a negative return on equity of 13.24%. The business had revenue of $144.53 million during the quarter, compared to analyst estimates of $140.30 million. During the same period in the previous year, the business earned ($0.40) EPS. EverQuote’s revenue was up 162.7% compared to the same quarter last year. On average, sell-side analysts expect that EverQuote will post 0.57 earnings per share for the current fiscal year.

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.