EverQuote (NASDAQ:EVER) PT Raised to $30.00

EverQuote (NASDAQ:EVER) had its price target raised by equities research analysts at Needham & Company LLC from $25.00 to $30.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price target would suggest a potential upside of 40.45% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. raised their price target on shares of EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. B. Riley assumed coverage on EverQuote in a research note on Friday, April 19th. They set a “buy” rating and a $24.00 target price for the company. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $21.60.

EverQuote Price Performance

Shares of EverQuote stock opened at $21.36 on Tuesday. The stock has a market capitalization of $731.15 million, a P/E ratio of -13.87 and a beta of 0.85. The business has a 50 day simple moving average of $18.30 and a two-hundred day simple moving average of $13.60. EverQuote has a 12 month low of $5.36 and a 12 month high of $22.27.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, February 26th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.12. The business had revenue of $55.71 million during the quarter, compared to analyst estimates of $49.89 million. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. As a group, research analysts anticipate that EverQuote will post -0.36 EPS for the current fiscal year.

Insider Activity

In other EverQuote news, major shareholder Ventures Lllp Link sold 2,573 shares of the stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total transaction of $52,695.04. Following the sale, the insider now directly owns 1,562,990 shares in the company, valued at approximately $32,010,035.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director David B. Blundin sold 89,177 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $15.00, for a total transaction of $1,337,655.00. Following the completion of the transaction, the director now directly owns 802,589 shares of the company’s stock, valued at approximately $12,038,835. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Ventures Lllp Link sold 2,573 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total value of $52,695.04. Following the completion of the transaction, the insider now directly owns 1,562,990 shares of the company’s stock, valued at $32,010,035.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 524,065 shares of company stock valued at $9,544,076. 29.79% of the stock is currently owned by corporate insiders.

Institutional Trading of EverQuote

Institutional investors have recently modified their holdings of the stock. Earnest Partners LLC lifted its holdings in shares of EverQuote by 44.2% in the 3rd quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock valued at $13,980,000 after purchasing an additional 592,262 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of EverQuote by 193.7% during the third quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock worth $5,183,000 after acquiring an additional 472,821 shares during the last quarter. B. Riley Asset Management LLC purchased a new stake in EverQuote in the 3rd quarter valued at $723,000. First Eagle Investment Management LLC boosted its stake in EverQuote by 9.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 554,504 shares of the company’s stock worth $4,009,000 after purchasing an additional 45,813 shares during the period. Finally, Acadian Asset Management LLC grew its position in EverQuote by 21.3% during the 3rd quarter. Acadian Asset Management LLC now owns 220,251 shares of the company’s stock worth $1,592,000 after purchasing an additional 38,663 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.