Brokerages Set EverQuote, Inc. (NASDAQ:EVER) Price Target at $32.33

EverQuote, Inc. (NASDAQ:EVER) has been given a consensus rating of “Buy” by the six research firms that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $32.33.

Several research analysts recently weighed in on EVER shares. JPMorgan Chase & Co. boosted their target price on shares of EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Thursday, December 26th. Canaccord Genuity Group decreased their target price on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Finally, Needham & Company LLC boosted their price target on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, February 25th.

Insider Buying and Selling

In other EverQuote news, CFO Joseph Sanborn sold 1,063 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $26.29, for a total transaction of $27,946.27. Following the transaction, the chief financial officer now owns 270,865 shares of the company’s stock, valued at $7,121,040.85. This trade represents a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David B. Blundin sold 77,600 shares of EverQuote stock in a transaction on Friday, March 21st. The shares were sold at an average price of $28.67, for a total transaction of $2,224,792.00. Following the completion of the transaction, the director now owns 97,920 shares in the company, valued at approximately $2,807,366.40. This trade represents a 44.21 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 176,744 shares of company stock valued at $4,900,194. Insiders own 29.79% of the company’s stock.

Institutional Investors Weigh In On EverQuote

Institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of EverQuote in the 4th quarter valued at about $34,000. Quarry LP raised its holdings in EverQuote by 100.7% in the third quarter. Quarry LP now owns 2,894 shares of the company’s stock valued at $61,000 after buying an additional 1,452 shares during the period. Quantbot Technologies LP lifted its position in EverQuote by 115.1% during the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock valued at $74,000 after buying an additional 1,874 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in EverQuote by 80.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock valued at $90,000 after buying an additional 2,042 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in EverQuote during the fourth quarter worth approximately $90,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Price Performance

Shares of EVER opened at $21.15 on Friday. EverQuote has a 1-year low of $16.63 and a 1-year high of $30.03. The stock has a market cap of $755.56 million, a price-to-earnings ratio of 62.21 and a beta of 0.77. The firm has a 50 day simple moving average of $24.30 and a 200-day simple moving average of $20.90.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share 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 during the quarter, compared to the consensus estimate of $133.83 million. On average, equities analysts expect 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.