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

Shares of EverQuote, Inc. (NASDAQ:EVER) have earned an average recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $29.58.

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on EverQuote from $29.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Craig Hallum lifted their target price on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, Needham & Company LLC upped their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th.

EverQuote Stock Up 2.0 %

Shares of EVER stock opened at $20.04 on Monday. The firm has a market cap of $703.00 million, a P/E ratio of -23.86 and a beta of 1.04. The company has a 50 day moving average of $21.98 and a 200-day moving average of $21.80. EverQuote has a 12-month low of $6.64 and a 12-month high of $28.09.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.14. The business had revenue of $117.14 million during the quarter, compared to the consensus estimate of $102.81 million. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. The business’s revenue for the quarter was up 72.3% on a year-over-year basis. During the same period last year, the business posted ($0.31) earnings per share. As a group, equities analysts expect that EverQuote will post 0.57 EPS for the current year.

Insider Activity

In other EverQuote news, Director David B. Blundin sold 3,255 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $26.81, for a total value of $87,266.55. Following the completion of the transaction, the director now directly owns 264,273 shares of the company’s stock, valued at $7,085,159.13. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other EverQuote news, CTO David Brainard sold 1,641 shares of EverQuote stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total transaction of $33,181.02. Following the completion of the sale, the chief technology officer now directly owns 155,491 shares in the company, valued at $3,144,028.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David B. Blundin sold 3,255 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $26.81, for a total transaction of $87,266.55. Following the completion of the transaction, the director now directly owns 264,273 shares in the company, valued at $7,085,159.13. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,529 shares of company stock worth $2,834,553 over the last ninety days. Company insiders own 29.79% of the company’s stock.

Institutional Trading of EverQuote

Hedge funds have recently made changes to their positions in the stock. Essex Investment Management Co. LLC increased its stake in EverQuote by 16.5% in the third quarter. Essex Investment Management Co. LLC now owns 216,694 shares of the company’s stock valued at $4,570,000 after acquiring an additional 30,619 shares during the last quarter. CWM LLC boosted its holdings in shares of EverQuote by 143.0% in the 3rd quarter. CWM LLC now owns 4,522 shares of the company’s stock worth $95,000 after purchasing an additional 2,661 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of EverQuote by 389.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 13,703 shares of the company’s stock valued at $286,000 after purchasing an additional 10,903 shares during the last quarter. Quarry LP raised its holdings in shares of EverQuote by 215.5% during the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after buying an additional 985 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in EverQuote in the 2nd quarter worth approximately $782,000. 91.54% of the stock is owned by institutional investors.

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.