EverQuote (NASDAQ:EVER) Upgraded at Raymond James

Raymond James upgraded shares of EverQuote (NASDAQ:EVER) from an outperform rating to a strong-buy rating in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. They currently have $35.00 price target on the stock.

A number of other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. B. Riley decreased their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, EverQuote presently has an average rating of “Buy” and an average price target of $32.17.

EverQuote Stock Performance

NASDAQ:EVER opened at $20.11 on Thursday. The firm has a market cap of $710.91 million, a P/E ratio of 59.15 and a beta of 0.96. The firm’s fifty day moving average is $18.52 and its 200-day moving average is $20.79. EverQuote has a 52 week low of $10.21 and a 52 week high of $28.09.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $140.30 million. During the same period in the prior year, the company posted ($0.40) earnings per share. EverQuote’s quarterly revenue was up 162.7% on a year-over-year basis. As a group, sell-side analysts anticipate that EverQuote will post 0.72 earnings per share for the current year.

Insider Activity

In other EverQuote news, CTO David Brainard sold 1,641 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total value of $33,181.02. Following the completion of the transaction, the chief technology officer now directly owns 155,491 shares in the company, valued at $3,144,028.02. This represents a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction dated 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 sale, the director now owns 54,970 shares in the company, valued at $1,067,517.40. This represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,306 shares of company stock worth $443,260 over the last ninety days. Corporate insiders own 29.79% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EVER. Emerald Mutual Fund Advisers Trust lifted its stake in EverQuote by 572.1% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock worth $10,631,000 after purchasing an additional 429,084 shares during the last quarter. Emerald Advisers LLC boosted its holdings in EverQuote by 165.8% during the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after acquiring an additional 399,257 shares during the period. JPMorgan Chase & Co. grew its position in EverQuote by 3,022.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock valued at $8,133,000 after acquiring an additional 373,280 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of EverQuote by 331.9% during the second quarter. Renaissance Technologies LLC now owns 293,708 shares of the company’s stock worth $6,127,000 after purchasing an additional 225,700 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of EverQuote by 335.2% during the second quarter. Cubist Systematic Strategies LLC now owns 265,944 shares of the company’s stock valued at $5,548,000 after purchasing an additional 204,835 shares during the period. Institutional investors own 91.54% of the company’s stock.

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.