EverQuote (NASDAQ:EVER) Given New $28.00 Price Target at JPMorgan Chase & Co.

EverQuote (NASDAQ:EVER) had its target price reduced by JPMorgan Chase & Co. from $34.00 to $28.00 in a report released on Tuesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other brokerages have also weighed in on EVER. Needham & Company LLC increased their price objective on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Craig Hallum upped their target price 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. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, EverQuote has a consensus rating of “Buy” and a consensus target price of $28.50.

EverQuote Stock Up 4.0 %

Shares of NASDAQ:EVER opened at $18.01 on Tuesday. EverQuote has a 52-week low of $7.11 and a 52-week high of $28.09. The stock has a market cap of $631.79 million, a P/E ratio of -21.44 and a beta of 1.06. The business has a fifty day moving average of $20.66 and a two-hundred day moving average of $21.80.

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

Insider Activity at EverQuote

In other news, Director George R. Neble sold 2,500 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the sale, the director now owns 54,970 shares of the company’s stock, valued at $1,067,517.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CTO David Brainard sold 1,641 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02. Following the sale, the chief technology officer now directly owns 155,491 shares in the company, valued at approximately $3,144,028.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director George R. Neble sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the transaction, the director now owns 54,970 shares of the company’s stock, valued at approximately $1,067,517.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,270 shares of company stock worth $431,011. Company insiders own 29.79% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EVER. nVerses Capital LLC increased its stake in EverQuote by 41.2% during the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $51,000 after buying an additional 700 shares during the period. Quarry LP increased its position in shares of EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after acquiring an additional 985 shares during the last quarter. CWM LLC lifted its stake in shares of EverQuote by 133.2% in the second quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after acquiring an additional 1,063 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in EverQuote in the second quarter valued at about $76,000. Finally, Rhumbline Advisers grew its stake in EverQuote by 18.3% during the 2nd quarter. Rhumbline Advisers now owns 35,793 shares of the company’s stock valued at $747,000 after purchasing an additional 5,534 shares in the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

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.