EverQuote, Inc. (NASDAQ:EVER) Receives $28.50 Average Target Price from Analysts

Shares of EverQuote, Inc. (NASDAQ:EVER) have been assigned an average rating of “Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued a report on the stock in the last year is $28.50.

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered their target price on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. B. Riley lowered their price objective on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC raised their price objective on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Finally, Craig Hallum boosted their target price on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th.

Insider Transactions at EverQuote

In related news, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the transaction, the director now owns 54,970 shares in the company, valued at $1,067,517.40. The trade was a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO David Brainard sold 1,641 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total value of $33,181.02. Following the sale, the chief technology officer now owns 155,491 shares of the company’s stock, valued at approximately $3,144,028.02. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,716 shares of company stock worth $188,810 over the last ninety days. 29.79% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Gladius Capital Management LP acquired a new stake in EverQuote during the third quarter worth approximately $26,000. Quarry LP boosted its holdings in shares of EverQuote by 215.5% during the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after buying an additional 985 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of EverQuote during the 2nd quarter worth approximately $35,000. CWM LLC increased its stake in shares of EverQuote by 133.2% in the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after acquiring an additional 1,063 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock valued at $74,000 after acquiring an additional 1,874 shares during the period. 91.54% of the stock is owned by institutional investors and hedge funds.

EverQuote Price Performance

EVER stock opened at $19.46 on Tuesday. The stock has a market cap of $687.93 million, a price-to-earnings ratio of 57.24 and a beta of 1.06. The company has a 50 day simple moving average of $19.35 and a 200 day simple moving average of $21.50. EverQuote has a 1 year low of $9.86 and a 1 year high of $28.09.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The firm had revenue of $144.53 million for the quarter, compared to analysts’ expectations of $140.30 million. During the same quarter in the previous year, the firm posted ($0.40) earnings per share. The company’s revenue was up 162.7% on a year-over-year basis. On average, equities research analysts anticipate that EverQuote will post 0.72 EPS 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.