EverQuote (NASDAQ:EVER) Price Target Increased to $38.00 by Analysts at Needham & Company LLC

EverQuote (NASDAQ:EVER) had its target price raised by Needham & Company LLC from $30.00 to $38.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. Canaccord Genuity Group boosted their price target on shares of EverQuote from $25.00 to $30.00 and gave the company a buy rating in a research report on Tuesday, May 7th. Craig Hallum boosted their price target on shares of EverQuote from $26.00 to $30.00 and gave the company a buy rating in a research report on Tuesday, May 7th. Finally, B. Riley boosted their price target on shares of EverQuote from $24.00 to $29.50 and gave the company a buy rating in a research report on Tuesday, May 7th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, EverQuote presently has an average rating of Buy and a consensus target price of $29.58.

EverQuote Stock Performance

Shares of NASDAQ:EVER traded down $1.05 on Tuesday, hitting $22.05. 148,613 shares of the company were exchanged, compared to its average volume of 448,379. The company’s 50 day moving average price is $22.51 and its two-hundred day moving average price is $19.80. EverQuote has a one year low of $5.52 and a one year high of $28.09. The firm has a market capitalization of $765.69 million, a price-to-earnings ratio of -16.38 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.14. The business had revenue of $117.14 million for the quarter, compared to analysts’ expectations of $102.81 million. EverQuote had a negative net margin of 17.37% and a negative return on equity of 31.65%. The firm’s revenue for the quarter was up 72.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.31) earnings per share. Research analysts predict that EverQuote will post 0.05 earnings per share for the current year.

Insider Buying and Selling at EverQuote

In other news, CTO David Brainard sold 4,327 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $24.95, for a total transaction of $107,958.65. Following the completion of the sale, the chief technology officer now owns 175,142 shares of the company’s stock, valued at $4,369,792.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CTO David Brainard sold 4,327 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $24.95, for a total transaction of $107,958.65. Following the completion of the transaction, the chief technology officer now owns 175,142 shares in the company, valued at $4,369,792.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jayme Mendal sold 20,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $20.71, for a total transaction of $414,200.00. Following the transaction, the chief executive officer now owns 424,305 shares of the company’s stock, valued at approximately $8,787,356.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,175 shares of company stock valued at $3,700,019. Corporate insiders own 29.79% of the company’s stock.

Institutional Trading of EverQuote

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its position in EverQuote by 127.6% during the first quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock worth $1,016,000 after acquiring an additional 30,699 shares during the period. Russell Investments Group Ltd. increased its position in EverQuote by 244,503.3% during the first quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock worth $5,448,000 after acquiring an additional 293,404 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in EverQuote during the first quarter worth about $2,167,000. New York State Common Retirement Fund increased its position in EverQuote by 25.6% during the fourth quarter. New York State Common Retirement Fund now owns 53,026 shares of the company’s stock worth $649,000 after acquiring an additional 10,813 shares during the period. Finally, Asset Management One Co. Ltd. bought a new position in EverQuote during the fourth quarter worth about $66,000. Institutional investors and hedge funds 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.