B. Riley Issues Pessimistic Forecast for EverQuote (NASDAQ:EVER) Stock Price

EverQuote (NASDAQ:EVER) had its target price cut by equities research analysts at B. Riley from $36.50 to $29.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price target points to a potential upside of 59.17% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their price objective on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday. Needham & Company LLC increased their price objective on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Finally, Craig Hallum upped their price objective on EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, EverQuote has a consensus rating of “Buy” and an average price target of $28.50.

EverQuote Stock Up 5.3 %

EVER stock traded up $0.91 during trading hours on Tuesday, hitting $18.22. The company’s stock had a trading volume of 557,616 shares, compared to its average volume of 463,923. The company has a market capitalization of $639.16 million, a PE ratio of -21.69 and a beta of 1.06. EverQuote has a 12 month low of $7.11 and a 12 month high of $28.09. The stock has a 50 day moving average price of $20.66 and a two-hundred day moving average price of $21.80.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. The firm had revenue of $144.53 million for the quarter, compared to analysts’ expectations of $140.30 million. During the same period in the prior year, the business posted ($0.40) earnings per share. The business’s revenue was up 162.7% compared to the same quarter last year. Sell-side analysts expect that EverQuote will post 0.57 earnings per share for the current year.

Insider Activity

In related news, CFO Joseph Sanborn sold 4,800 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $21.54, for a total value of $103,392.00. Following the transaction, the chief financial officer now owns 207,691 shares of the company’s stock, valued at approximately $4,473,664.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other EverQuote news, CFO Joseph Sanborn sold 4,800 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $21.54, for a total transaction of $103,392.00. Following the completion of the transaction, the chief financial officer now directly owns 207,691 shares of the company’s stock, valued at approximately $4,473,664.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director George R. Neble sold 2,500 shares of the company’s 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 transaction, the director now directly owns 54,970 shares in the company, valued at $1,067,517.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,270 shares of company stock worth $431,011 over the last three months. 29.79% of the stock is currently owned by insiders.

Institutional Trading of EverQuote

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in EverQuote by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock valued at $21,487,000 after buying an additional 30,577 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of EverQuote by 127.6% during the 1st quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock valued at $1,016,000 after purchasing an additional 30,699 shares during the period. Russell Investments Group Ltd. lifted its holdings in EverQuote by 244,503.3% during the 1st quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock worth $5,448,000 after purchasing an additional 293,404 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in EverQuote in the 1st quarter worth about $2,167,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in EverQuote during the 2nd quarter valued at about $782,000. Institutional investors own 91.54% of the company’s stock.

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.