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

EverQuote, Inc. (NASDAQ:EVER) has been given a consensus rating of “Buy” by the six ratings firms that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have covered the stock in the last year is $28.50.

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

Insiders Place Their Bets

In other news, CTO David Brainard sold 1,641 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02. Following the sale, the chief technology officer now directly owns 155,491 shares of the company’s stock, valued at approximately $3,144,028.02. This represents a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George R. Neble sold 2,500 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the transaction, the director now owns 54,970 shares in the company, valued at $1,067,517.40. The trade was a 4.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,716 shares of company stock worth $188,810 in the last 90 days. Company insiders own 29.79% of the company’s stock.

Hedge Funds Weigh In On EverQuote

Several hedge funds have recently bought and sold shares of EVER. Gladius Capital Management LP bought a new stake in shares of EverQuote during the 3rd quarter worth approximately $26,000. Quarry LP lifted its stake in EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 985 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of EverQuote in the 2nd quarter valued at $35,000. CWM LLC increased its stake in shares of EverQuote by 133.2% in the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after purchasing an additional 1,063 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after buying an additional 1,874 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

EverQuote Stock Up 1.4 %

NASDAQ:EVER opened at $19.46 on Tuesday. EverQuote has a twelve month low of $9.86 and a twelve month high of $28.09. The firm has a market capitalization of $687.93 million, a price-to-earnings ratio of 57.24 and a beta of 1.06. The stock’s 50 day moving average price is $19.35 and its two-hundred day moving average price is $21.50.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The business had revenue of $144.53 million for the quarter, compared to the consensus estimate of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The firm’s revenue for the quarter was up 162.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.40) earnings per share. As a group, analysts anticipate that EverQuote will post 0.72 earnings per share for the current year.

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.