EverQuote (NASDAQ:EVER) Price Target Cut to $25.00 by Analysts at JPMorgan Chase & Co.

EverQuote (NASDAQ:EVER) had its price objective dropped by equities researchers at JPMorgan Chase & Co. from $28.00 to $25.00 in a report released on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 36.91% from the company’s current price.

Several other research analysts also recently issued reports on EVER. 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 report on Tuesday, November 5th. Raymond James raised 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. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $31.67.

EverQuote Price Performance

Shares of EVER traded down $0.67 during midday trading on Friday, reaching $18.26. 148,953 shares of the stock were exchanged, compared to its average volume of 318,468. EverQuote has a twelve month low of $10.21 and a twelve month high of $28.09. The company has a market capitalization of $645.51 million, a price-to-earnings ratio of 53.71 and a beta of 0.96. The business’s 50-day moving average price is $18.78 and its 200 day moving average price is $20.77.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The company had revenue of $144.53 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.40) earnings per share. As a group, equities research analysts expect that EverQuote will post 0.72 earnings per share for the current fiscal year.

Insider Activity

In other news, CTO David Brainard sold 14,590 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $17.44, for a total value of $254,449.60. Following the completion of the sale, the chief technology officer now directly owns 137,291 shares of the company’s stock, valued at $2,394,355.04. This trade represents a 9.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 52,391 shares of company stock valued at $1,001,869 over the last quarter. Corporate insiders own 29.79% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EVER. Driehaus Capital Management LLC boosted its position in shares of EverQuote by 9.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 2,036,361 shares of the company’s stock worth $42,478,000 after purchasing an additional 169,333 shares in the last quarter. Emerald Advisers LLC lifted its stake in shares of EverQuote by 165.8% in the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after purchasing an additional 399,257 shares during the period. Geode Capital Management LLC boosted its holdings in EverQuote by 10.4% during the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock worth $12,554,000 after buying an additional 56,114 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its position in EverQuote by 572.1% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock worth $10,631,000 after buying an additional 429,084 shares during the period. Finally, Marshall Wace LLP increased its holdings in EverQuote by 18.2% in the second quarter. Marshall Wace LLP now owns 464,826 shares of the company’s stock valued at $9,696,000 after buying an additional 71,491 shares in the last quarter. Hedge funds and other 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.