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

EverQuote, Inc. (NASDAQ:EVER) has earned an average rating of “Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $31.67.

Several research firms have commented on EVER. JPMorgan Chase & Co. decreased their target price on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research report on Thursday, December 26th. Finally, B. Riley decreased their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th.

Insider Transactions at EverQuote

In other news, CTO David Brainard sold 3,675 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $19.52, for a total value of $71,736.00. Following the completion of the sale, the chief technology officer now directly owns 108,244 shares in the company, valued at approximately $2,112,922.88. The trade was a 3.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 52,668 shares of company stock worth $1,005,134. 29.79% of the stock is owned by insiders.

Hedge Funds Weigh In On EverQuote

Large investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its stake in EverQuote by 255.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock valued at $5,072,000 after purchasing an additional 172,785 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in EverQuote by 636.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock valued at $2,209,000 after purchasing an additional 90,500 shares during the last quarter. Geode Capital Management LLC raised its stake in EverQuote by 10.4% during the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock valued at $12,554,000 after purchasing an additional 56,114 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of EverQuote in the 2nd quarter valued at $782,000. Finally, Barclays PLC raised its stake in shares of EverQuote by 331.2% in the 3rd quarter. Barclays PLC now owns 50,983 shares of the company’s stock valued at $1,076,000 after buying an additional 39,160 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

EverQuote Stock Performance

Shares of EVER opened at $17.57 on Monday. The company’s 50 day moving average price is $18.68 and its 200 day moving average price is $20.57. EverQuote has a 52 week low of $12.48 and a 52 week high of $28.09. The company has a market capitalization of $621.12 million, a PE ratio of 51.68 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last announced 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 firm 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 was up 162.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.40) earnings per share. On average, equities analysts forecast 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.