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

EverQuote, Inc. (NASDAQ:EVER) has received a consensus recommendation of “Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $31.67.

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

Insider Activity at EverQuote

In related news, CTO David Brainard sold 14,590 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $17.44, for a total transaction of $254,449.60. Following the transaction, the chief technology officer now directly owns 137,291 shares of the company’s stock, valued at approximately $2,394,355.04. This trade represents a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Shields sold 2,000 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $20.00, for a total transaction of $40,000.00. Following the completion of the sale, the director now directly owns 28,515 shares of the company’s stock, valued at $570,300. This represents a 6.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,695 shares of company stock worth $1,012,154 in the last ninety days. 29.79% of the stock is owned by company insiders.

Hedge Funds Weigh In On EverQuote

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of EverQuote by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company’s stock worth $40,314,000 after purchasing an additional 24,347 shares in the last quarter. Toronado Partners LLC grew its stake in EverQuote by 59.7% during the fourth quarter. Toronado Partners LLC now owns 718,774 shares of the company’s stock worth $14,368,000 after buying an additional 268,670 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in EverQuote by 32.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company’s stock valued at $13,076,000 after buying an additional 161,426 shares during the period. Emerald Advisers LLC raised its position in shares of 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 buying an additional 399,257 shares in the last quarter. Finally, Divisadero Street Capital Management LP bought a new position in shares of EverQuote in the 4th quarter valued at $12,311,000. 91.54% of the stock is owned by institutional investors and hedge funds.

EverQuote Stock Performance

Shares of NASDAQ:EVER opened at $21.66 on Friday. EverQuote has a 52-week low of $14.28 and a 52-week high of $28.09. The company has a market capitalization of $765.68 million, a P/E ratio of 63.71 and a beta of 0.96. The company has a 50-day simple moving average of $19.63 and a 200 day simple moving average of $20.18.

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.