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

EverQuote, Inc. (NASDAQ:EVER) has been assigned an average rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $31.67.

A number of research analysts have commented on EVER shares. B. Riley decreased their price objective on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. reduced their target price on EverQuote from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Finally, Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a report on Thursday, December 26th.

EverQuote Price Performance

Shares of NASDAQ EVER opened at $18.47 on Monday. The stock’s fifty day moving average price is $18.81 and its two-hundred day moving average price is $20.69. EverQuote has a one year low of $10.60 and a one year high of $28.09. The firm has a market cap of $652.91 million, a price-to-earnings ratio of 54.32 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. During the same period in the prior year, the firm posted ($0.40) EPS. The company’s revenue for the quarter was up 162.7% on a year-over-year basis. On average, equities analysts anticipate that EverQuote will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO David Brainard sold 3,675 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $19.52, for a total transaction of $71,736.00. Following the completion of the sale, the chief technology officer now directly owns 108,244 shares in the company, valued at $2,112,922.88. This represents a 3.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 52,668 shares of company stock worth $1,005,134 in the last ninety days. 29.79% of the stock is owned by insiders.

Institutional Trading of EverQuote

Several institutional investors and hedge funds have recently modified their holdings of the business. Driehaus Capital Management LLC lifted its position in shares of EverQuote by 9.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 2,036,361 shares of the company’s stock worth $42,478,000 after buying an additional 169,333 shares during the last quarter. Emerald Advisers LLC raised its position in 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 purchasing an additional 399,257 shares during the last quarter. Geode Capital Management LLC raised its position in EverQuote by 10.4% in the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock valued at $12,554,000 after purchasing an additional 56,114 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its position in 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 purchasing an additional 429,084 shares during the last quarter. Finally, Marshall Wace LLP raised its position in EverQuote by 18.2% in the second quarter. Marshall Wace LLP now owns 464,826 shares of the company’s stock valued at $9,696,000 after purchasing an additional 71,491 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

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.