Analysts Set EverQuote, Inc. (NASDAQ:EVER) PT at $28.50

Shares of EverQuote, Inc. (NASDAQ:EVER) have been assigned an average rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $28.50.

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

Insider Transactions at EverQuote

In other news, Director George R. Neble sold 2,500 shares of the 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 completion of the sale, the director now owns 54,970 shares of the company’s stock, valued at $1,067,517.40. This represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO David Brainard sold 1,641 shares of EverQuote stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total transaction of $33,181.02. Following the transaction, the chief technology officer now owns 155,491 shares in the company, valued at $3,144,028.02. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,716 shares of company stock worth $188,810 in the last three months. 29.79% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On EverQuote

Institutional investors and hedge funds have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System acquired a new position in shares of EverQuote during the first quarter worth $211,000. Vanguard Group Inc. lifted its holdings in EverQuote by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock worth $21,487,000 after buying an additional 30,577 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in EverQuote in the 1st quarter valued at about $2,167,000. CWM LLC grew its stake in shares of EverQuote by 133.2% during the second 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, SG Americas Securities LLC purchased a new stake in shares of EverQuote during the second quarter worth about $808,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Trading Down 2.6 %

EverQuote stock opened at $19.16 on Tuesday. The stock has a 50-day moving average price of $19.41 and a 200 day moving average price of $21.56. EverQuote has a 52 week low of $8.44 and a 52 week high of $28.09. The stock has a market cap of $677.33 million, a PE ratio of 56.35 and a beta of 1.06.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, beating 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 business had revenue of $144.53 million during the quarter, compared to analyst estimates of $140.30 million. During the same quarter in the previous year, the business posted ($0.40) earnings per share. The company’s revenue was up 162.7% on a year-over-year basis. On average, equities analysts predict that EverQuote will post 0.72 EPS for the current year.

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.