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

EverQuote, Inc. (NASDAQ:EVER) has been given an average recommendation of “Buy” by the five analysts that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $31.60.

EVER has been the subject of a number of research reports. B. Riley dropped their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price objective on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Finally, Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a report on Thursday.

Insider Transactions at EverQuote

In other news, Director George R. Neble sold 2,500 shares of EverQuote stock in a transaction that occurred on Thursday, October 10th. The stock was 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 owns 54,970 shares in the company, valued at approximately $1,067,517.40. The trade was a 4.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO David Brainard sold 14,590 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $17.44, for a total value of $254,449.60. Following the transaction, the chief technology officer now directly owns 137,291 shares in the company, valued at approximately $2,394,355.04. This represents a 9.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,306 shares of company stock worth $443,260 in the last three months. Insiders own 29.79% of the company’s stock.

Institutional Investors Weigh In On EverQuote

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Gladius Capital Management LP purchased a new stake in EverQuote in the 3rd quarter worth about $26,000. Quarry LP grew its stake in shares of EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after buying an additional 985 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of EverQuote in the second quarter worth approximately $35,000. Quantbot Technologies LP lifted its stake in shares of EverQuote by 115.1% during 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, Meeder Asset Management Inc. purchased a new position in EverQuote during the 2nd quarter valued at $76,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Stock Performance

Shares of EVER stock opened at $18.32 on Thursday. The stock has a fifty day simple moving average of $18.50 and a two-hundred day simple moving average of $20.80. EverQuote has a 52-week low of $10.21 and a 52-week high of $28.09. The firm has a market capitalization of $647.63 million, a PE ratio of 53.88 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last posted its quarterly 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. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company had revenue of $144.53 million for the quarter, compared to analysts’ expectations of $140.30 million. During the same period in the previous year, the firm earned ($0.40) EPS. The firm’s revenue was up 162.7% compared to the same quarter last year. On average, sell-side analysts forecast 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.