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

EverQuote (NASDAQ:EVER) had its price objective cut by JPMorgan Chase & Co. from $28.00 to $25.00 in a report issued on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts also recently issued research reports about the stock. B. Riley cut their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research report on Thursday, December 26th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $31.67.

EverQuote Stock Down 3.8 %

Shares of NASDAQ:EVER opened at $18.22 on Friday. EverQuote has a 52 week low of $10.21 and a 52 week high of $28.09. The company has a 50-day moving average price of $18.80 and a 200 day moving average price of $20.77. The company has a market cap of $644.10 million, a P/E ratio of 53.59 and a beta of 0.96.

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

Insider Buying and Selling

In other EverQuote news, CTO David Brainard sold 29,248 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $19.93, for a total value of $582,912.64. Following the sale, the chief technology officer now owns 116,212 shares of the company’s stock, valued at $2,316,105.16. This represents a 20.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 53,641 shares of company stock worth $1,024,594 in the last three months. Corporate insiders own 29.79% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Emerald Mutual Fund Advisers Trust grew its holdings in EverQuote by 572.1% during the 3rd 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 during the last quarter. Emerald Advisers LLC lifted its position in shares of EverQuote by 165.8% in the third 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. boosted its stake in shares of EverQuote by 3,022.8% during the third 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 last quarter. Renaissance Technologies LLC increased its position in 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 raised its stake in EverQuote by 335.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 265,944 shares of the company’s stock valued at $5,548,000 after purchasing an additional 204,835 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.