EverQuote, Inc. (NASDAQ:EVER) Receives $28.50 Consensus PT from Analysts

Shares of EverQuote, Inc. (NASDAQ:EVER) have been assigned a consensus rating of “Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $28.50.

Several research analysts have recently weighed in on the stock. Craig Hallum upped their price target on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. reduced their price objective on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. B. Riley dropped their target price on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Needham & Company LLC upped their price target on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th.

Insider Buying and Selling

In related news, CTO David Brainard sold 1,641 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total value of $33,181.02. Following the completion of the transaction, the chief technology officer now directly owns 155,491 shares of the company’s stock, valued at approximately $3,144,028.02. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $19.42, for a total transaction of $48,550.00. Following the transaction, the director now owns 54,970 shares in the company, valued at approximately $1,067,517.40. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,716 shares of company stock worth $188,810. Corporate insiders own 29.79% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Gladius Capital Management LP acquired a new stake in EverQuote in the 3rd quarter valued at about $26,000. Quarry LP grew its stake in EverQuote by 215.5% in 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 during the last quarter. nVerses Capital LLC bought a new position in EverQuote in the 2nd quarter valued at about $35,000. CWM LLC lifted its position in EverQuote by 133.2% during 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 during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in shares of EverQuote by 115.1% during the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after acquiring an additional 1,874 shares during the period. Institutional investors own 91.54% of the company’s stock.

EverQuote Stock Performance

Shares of NASDAQ EVER opened at $19.19 on Tuesday. EverQuote has a 52-week low of $9.86 and a 52-week high of $28.09. The stock has a market cap of $678.37 million, a P/E ratio of 56.44 and a beta of 1.06. The firm has a 50 day moving average price of $19.35 and a 200 day moving average price of $21.52.

EverQuote (NASDAQ:EVER) last released 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. The business had revenue of $144.53 million during the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The firm’s quarterly revenue was up 162.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.40) EPS. Analysts predict that EverQuote will post 0.72 earnings per share for the current fiscal year.

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.