EverQuote, Inc. (NASDAQ:EVER) Receives $31.60 Average PT from Analysts

Shares of EverQuote, Inc. (NASDAQ:EVER) have been given a consensus recommendation of “Buy” by the six ratings firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $32.17.

EVER has been the topic of several research analyst reports. B. Riley lowered their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. decreased their price target 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. Finally, 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.

EverQuote Price Performance

EVER stock opened at $19.99 on Thursday. The company has a 50-day moving average of $18.57 and a two-hundred day moving average of $20.78. The stock has a market capitalization of $706.67 million, a price-to-earnings ratio of 58.79 and a beta of 0.96. EverQuote has a 52-week low of $10.21 and a 52-week high of $28.09.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. The firm had revenue of $144.53 million during the quarter, compared to the consensus estimate of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm’s revenue for the quarter was up 162.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.40) EPS. Equities analysts expect that EverQuote will post 0.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director George R. Neble sold 2,500 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the completion of the transaction, the director now directly owns 54,970 shares of the company’s stock, valued at approximately $1,067,517.40. This trade represents a 4.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO David Brainard sold 29,248 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $19.93, for a total transaction of $582,912.64. Following the completion of the sale, the chief technology officer now directly owns 116,212 shares in the company, valued at approximately $2,316,105.16. The trade was a 20.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,024 shares of company stock worth $954,796 over the last 90 days. Corporate insiders own 29.79% of the company’s stock.

Hedge Funds Weigh In On EverQuote

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Gladius Capital Management LP bought a new stake in EverQuote in the third quarter valued at $26,000. Quarry LP increased its position in shares of EverQuote by 215.5% during the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 985 shares in the last quarter. nVerses Capital LLC bought a new position in EverQuote during the 2nd quarter valued at about $35,000. Quantbot Technologies LP boosted its position in EverQuote by 115.1% in 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. Finally, Meeder Asset Management Inc. bought a new stake in EverQuote during the second quarter worth about $76,000. 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.