EverQuote (NASDAQ:EVER) Sets New 12-Month High – Should You Buy?

EverQuote, Inc. (NASDAQ:EVER)’s share price reached a new 52-week high on Monday . The stock traded as high as $28.25 and last traded at $27.71, with a volume of 389583 shares changing hands. The stock had previously closed at $26.61.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EVER. Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a report on Thursday, December 26th. Needham & Company LLC raised their price target on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. upped their price target on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Finally, Canaccord Genuity Group decreased their price target on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $32.33.

EverQuote Price Performance

The stock has a market capitalization of $994.77 million, a PE ratio of 81.59 and a beta of 1.01. The business has a 50 day moving average price of $21.71 and a 200 day moving average price of $20.42.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.18. The firm had revenue of $147.46 million during the quarter, compared to analysts’ expectations of $133.83 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. On average, equities analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Insider Transactions at EverQuote

In other EverQuote news, Director John L. Shields sold 2,000 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $20.00, for a total transaction of $40,000.00. Following the completion of the sale, the director now directly owns 28,515 shares of the company’s stock, valued at $570,300. This trade represents a 6.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jon Ayotte sold 7,647 shares of EverQuote stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $25.72, for a total transaction of $196,680.84. Following the sale, the chief accounting officer now owns 58,045 shares in the company, valued at approximately $1,492,917.40. The trade was a 11.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,453 shares of company stock worth $1,459,054 in the last ninety days. Insiders own 29.79% of the company’s stock.

Hedge Funds Weigh In On EverQuote

Several institutional investors have recently bought and sold shares of the stock. Gladius Capital Management LP bought a new position in shares of EverQuote during the 3rd quarter valued at about $26,000. R Squared Ltd bought a new position in EverQuote during the fourth quarter valued at approximately $34,000. Quarry LP boosted its stake in EverQuote by 100.7% during the third quarter. Quarry LP now owns 2,894 shares of the company’s stock valued at $61,000 after buying an additional 1,452 shares during the last quarter. Quantbot Technologies LP increased its stake in EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after acquiring an additional 1,874 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in EverQuote by 80.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock worth $90,000 after acquiring an additional 2,042 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

EverQuote Company Profile

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.