EverQuote (NASDAQ:EVER) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of EverQuote (NASDAQ:EVER) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other research firms have also weighed in on EVER. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price target on shares of EverQuote in a research report on Tuesday, August 5th. Weiss Ratings reissued a “hold (c)” rating on shares of EverQuote in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $32.40.

EverQuote Stock Up 4.0%

NASDAQ:EVER opened at $22.41 on Friday. EverQuote has a 1-year low of $16.63 and a 1-year high of $30.03. The firm has a market capitalization of $818.19 million, a price-to-earnings ratio of 18.07 and a beta of 0.53. The stock has a fifty day simple moving average of $22.40 and a 200 day simple moving average of $23.53.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. EverQuote had a return on equity of 36.90% and a net margin of 7.57%.During the same period last year, the business posted $0.31 earnings per share. EverQuote’s quarterly revenue was up 20.3% on a year-over-year basis. EverQuote has set its Q4 2025 guidance at EPS. Equities analysts predict that EverQuote will post 0.72 earnings per share for the current year.

Insider Activity at EverQuote

In other news, major shareholder Ventures Lllp Link sold 900,000 shares of the firm’s stock in a transaction dated Sunday, August 10th. The stock was sold at an average price of $23.33, for a total transaction of $20,997,000.00. Following the completion of the sale, the insider directly owned 2,598,154 shares of the company’s stock, valued at $60,614,932.82. This trade represents a 25.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Julia Brncic sold 1,436 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $23.51, for a total value of $33,760.36. Following the sale, the general counsel directly owned 119,676 shares of the company’s stock, valued at $2,813,582.76. This trade represents a 1.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 958,113 shares of company stock worth $22,295,496. 25.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EVER. Nuveen LLC bought a new position in shares of EverQuote in the 1st quarter valued at approximately $15,363,000. Emerald Advisers LLC bought a new position in shares of EverQuote in the 1st quarter valued at approximately $11,621,000. Hennessy Advisors Inc. bought a new position in shares of EverQuote in the 2nd quarter valued at approximately $10,170,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of EverQuote in the 1st quarter valued at approximately $8,383,000. Finally, AQR Capital Management LLC raised its stake in shares of EverQuote by 95.1% in the 2nd quarter. AQR Capital Management LLC now owns 655,615 shares of the company’s stock valued at $15,853,000 after acquiring an additional 319,618 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

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.