EverQuote, Inc. (NASDAQ:EVER) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of EverQuote, Inc. (NASDAQ:EVER) have been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $24.1667.

EVER has been the subject of a number of research reports. Wall Street Zen lowered shares of EverQuote from a “buy” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. increased their price objective on EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Zacks Research lowered shares of EverQuote from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Weiss Ratings upgraded shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Finally, Canaccord Genuity Group reduced their price target on EverQuote from $33.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th.

Insiders Place Their Bets

In other EverQuote news, CFO Joseph Sanborn sold 6,666 shares of EverQuote stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $19.28, for a total value of $128,520.48. Following the transaction, the chief financial officer directly owned 327,820 shares of the company’s stock, valued at $6,320,369.60. The trade was a 1.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO David Brainard sold 9,942 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $19.42, for a total transaction of $193,073.64. Following the transaction, the chief technology officer owned 180,493 shares in the company, valued at approximately $3,505,174.06. The trade was a 5.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 41,814 shares of company stock valued at $829,255 over the last 90 days. 23.68% of the stock is owned by corporate insiders.

Institutional Trading of EverQuote

Several institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC lifted its position in shares of EverQuote by 81.7% during the 4th quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock worth $24,333,000 after buying an additional 405,237 shares during the period. Balyasny Asset Management L.P. raised its position in shares of EverQuote by 110.7% during the third quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company’s stock worth $15,720,000 after acquiring an additional 361,082 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of EverQuote by 95.1% during the second quarter. AQR Capital Management LLC now owns 655,615 shares of the company’s stock worth $15,853,000 after buying an additional 319,618 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of EverQuote by 47.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock worth $13,412,000 after buying an additional 293,160 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in EverQuote by 615.1% in 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 during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

EverQuote Price Performance

EVER stock opened at $19.98 on Wednesday. EverQuote has a 52-week low of $13.88 and a 52-week high of $28.73. The company’s 50 day simple moving average is $17.82 and its 200-day simple moving average is $20.11. The firm has a market capitalization of $719.88 million, a P/E ratio of 6.80 and a beta of 0.65.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. The firm had revenue of $190.85 million during the quarter, compared to analyst estimates of $180.10 million. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The company’s revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. Sell-side analysts predict that EverQuote will post 2.06 EPS for the current fiscal year.

EverQuote Company Profile

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.