EverQuote, Inc. (NASDAQ:EVER) Given Consensus Recommendation of “Buy” by Analysts

EverQuote, Inc. (NASDAQ:EVER) has been assigned a consensus rating of “Buy” from the five research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $34.00.

A number of equities research analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of EverQuote in a research note on Wednesday, October 8th. Wall Street Zen cut shares of EverQuote from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Needham & Company LLC raised their price objective on shares of EverQuote from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. upped their target price on shares of EverQuote from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. Finally, Zacks Research raised EverQuote from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th.

Insiders Place Their Bets

In other EverQuote news, CEO Jayme Mendal sold 14,360 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $27.25, for a total value of $391,310.00. Following the completion of the transaction, the chief executive officer directly owned 438,052 shares in the company, valued at $11,936,917. This represents a 3.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John L. Shields sold 2,000 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $20.78, for a total transaction of $41,560.00. Following the sale, the director directly owned 27,219 shares of the company’s stock, valued at approximately $565,610.82. This trade represents a 6.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 58,836 shares of company stock worth $1,400,099. Company insiders own 25.52% of the company’s stock.

Hedge Funds Weigh In On EverQuote

A number of hedge funds and other institutional investors have recently modified their holdings of EVER. Royal Bank of Canada grew its stake in EverQuote by 1,705.9% during the first quarter. Royal Bank of Canada now owns 65,428 shares of the company’s stock valued at $1,713,000 after acquiring an additional 61,805 shares in the last quarter. Amundi bought a new position in shares of EverQuote during the 1st quarter valued at about $290,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of EverQuote by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock valued at $393,000 after purchasing an additional 624 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of EverQuote by 615.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock valued at $8,896,000 after purchasing an additional 292,172 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of EverQuote in the first quarter worth about $443,000. Institutional investors own 91.54% of the company’s stock.

EverQuote Stock Performance

NASDAQ:EVER opened at $25.73 on Friday. The stock has a 50-day simple moving average of $26.11 and a two-hundred day simple moving average of $24.28. The firm has a market capitalization of $925.25 million, a PE ratio of 17.99 and a beta of 0.46. EverQuote has a 52-week low of $17.20 and a 52-week high of $30.03.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.37 by $0.13. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.The firm had revenue of $173.94 million for the quarter, compared to the consensus estimate of $166.09 million. During the same quarter last year, the company earned $0.31 earnings per share. The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. Equities analysts forecast that EverQuote will post 0.72 earnings per share for the current fiscal year.

About EverQuote

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.