EverQuote, Inc. (NASDAQ:EVER) Given Average Rating of “Buy” by Brokerages

Shares of EverQuote, Inc. (NASDAQ:EVER) have earned an average rating of “Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $32.33.

Several research firms have issued reports on EVER. Canaccord Genuity Group dropped their target price on EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. JPMorgan Chase & Co. upped their price target on EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a report on Thursday, December 26th. Finally, Needham & Company LLC upped their price target on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th.

Insider Buying and Selling at EverQuote

In other EverQuote news, CTO David Brainard sold 14,590 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $17.44, for a total transaction of $254,449.60. Following the sale, the chief technology officer now owns 137,291 shares in the company, valued at approximately $2,394,355.04. This represents a 9.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jon Ayotte sold 7,647 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $25.72, for a total value 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. This trade represents a 11.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,453 shares of company stock worth $1,459,054. 29.79% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of EverQuote by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company’s stock worth $40,314,000 after purchasing an additional 24,347 shares during the period. Toronado Partners LLC lifted its stake in shares of EverQuote by 59.7% during the 4th quarter. Toronado Partners LLC now owns 718,774 shares of the company’s stock worth $14,368,000 after purchasing an additional 268,670 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of EverQuote by 32.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company’s stock worth $13,076,000 after purchasing an additional 161,426 shares during the period. Divisadero Street Capital Management LP purchased a new position in shares of EverQuote during the 4th quarter worth $12,311,000. Finally, Geode Capital Management LLC lifted its stake in shares of EverQuote by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 600,365 shares of the company’s stock worth $12,004,000 after purchasing an additional 5,210 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Trading Up 3.6 %

NASDAQ EVER opened at $26.61 on Tuesday. The business’s 50 day moving average is $21.71 and its two-hundred day moving average is $20.44. EverQuote has a 12-month low of $16.63 and a 12-month high of $28.09. The stock has a market capitalization of $950.62 million, a price-to-earnings ratio of 78.26 and a beta of 1.01.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company had revenue of $147.46 million for the quarter, compared to analysts’ expectations of $133.83 million. Equities analysts forecast that EverQuote will post 0.72 earnings per share 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.