EverQuote (NASDAQ:EVER) Price Target Lowered to $25.00 at JPMorgan Chase & Co.

EverQuote (NASDAQ:EVER) had its price target trimmed by JPMorgan Chase & Co. from $28.00 to $25.00 in a research report released on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other analysts have also issued reports on EVER. B. Riley dropped their price objective on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a report on Thursday, December 26th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $31.67.

EverQuote Trading Down 3.8 %

Shares of EVER opened at $18.22 on Friday. The company’s fifty day simple moving average is $18.80 and its 200 day simple moving average is $20.78. EverQuote has a 1-year low of $10.21 and a 1-year high of $28.09. The company has a market cap of $644.10 million, a price-to-earnings ratio of 53.59 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. The company had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. EverQuote’s revenue for the quarter was up 162.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.40) EPS. As a group, research analysts forecast that EverQuote will post 0.72 earnings per share for the current year.

Insider Transactions at EverQuote

In related news, CTO David Brainard sold 14,590 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $17.44, for a total value of $254,449.60. Following the transaction, the chief technology officer now directly owns 137,291 shares in the company, valued at approximately $2,394,355.04. This represents a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 52,668 shares of company stock worth $1,005,134. Company insiders own 29.79% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EVER. Emerald Mutual Fund Advisers Trust raised its position in shares of EverQuote by 572.1% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock valued at $10,631,000 after buying an additional 429,084 shares in the last quarter. Emerald Advisers LLC raised its holdings in EverQuote by 165.8% in the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after acquiring an additional 399,257 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of EverQuote by 3,022.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock valued at $8,133,000 after acquiring an additional 373,280 shares during the period. Renaissance Technologies LLC grew its holdings in shares of EverQuote by 331.9% during the 2nd quarter. Renaissance Technologies LLC now owns 293,708 shares of the company’s stock worth $6,127,000 after purchasing an additional 225,700 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of EverQuote by 335.2% in the second quarter. Cubist Systematic Strategies LLC now owns 265,944 shares of the company’s stock worth $5,548,000 after purchasing an additional 204,835 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

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.