B. Riley Cuts EverQuote (NASDAQ:EVER) Price Target to $29.00

EverQuote (NASDAQ:EVER) had its price objective lowered by B. Riley from $36.50 to $29.00 in a research report sent to investors on Tuesday morning,Benzinga reports. B. Riley currently has a buy rating on the stock. B. Riley also issued estimates for EverQuote’s FY2024 earnings at $0.75 EPS, Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.30 EPS, Q4 2025 earnings at $0.23 EPS and FY2025 earnings at $0.81 EPS.

Several other research analysts also recently commented on the company. JPMorgan Chase & Co. reduced their price objective on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday. Needham & Company LLC raised their target price on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, Craig Hallum lifted their price target on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $28.50.

EverQuote Trading Down 3.2 %

NASDAQ EVER opened at $18.47 on Tuesday. The stock has a market cap of $647.93 million, a PE ratio of 55.32 and a beta of 1.06. EverQuote has a 12 month low of $7.95 and a 12 month high of $28.09. The company’s 50-day moving average price is $20.47 and its 200-day moving average price is $21.77.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, November 4th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The business had revenue of $144.53 million for the quarter, compared to the consensus estimate of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 15.01%. The company’s revenue for the quarter was up 162.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.40) EPS. As a group, sell-side analysts forecast that EverQuote will post 0.57 earnings per share for the current year.

Insider Activity 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 stock was sold at an average price of $19.42, for a total transaction of $48,550.00. Following the transaction, the director now directly owns 54,970 shares in the company, valued at $1,067,517.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director George R. Neble sold 2,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 54,970 shares of the company’s stock, valued at $1,067,517.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO David Brainard sold 3,164 shares of EverQuote stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $22.02, for a total transaction of $69,671.28. Following the sale, the chief technology officer now owns 160,986 shares of the company’s stock, valued at $3,544,911.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,270 shares of company stock valued at $431,011 over the last 90 days. Insiders own 29.79% of the company’s stock.

Hedge Funds Weigh In On EverQuote

A number of institutional investors have recently bought and sold shares of the business. Gladius Capital Management LP acquired a new stake in shares of EverQuote in the third quarter worth $26,000. Quarry LP boosted its holdings in EverQuote by 215.5% in the second quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after purchasing an additional 985 shares during the last quarter. nVerses Capital LLC acquired a new stake in EverQuote during the 2nd quarter worth about $35,000. CWM LLC raised its stake in shares of EverQuote by 133.2% during the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after buying an additional 1,063 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in EverQuote during the second quarter valued at approximately $76,000. 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.