EverQuote, Inc. (NASDAQ:EVER) Receives Average Rating of “Buy” from Analysts

EverQuote, Inc. (NASDAQ:EVER) has earned a consensus rating of “Buy” from the six analysts that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $26.25.

A number of equities research analysts have recently commented on the stock. Needham & Company LLC upped their target price on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Craig Hallum lifted their target price on shares of EverQuote from $26.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. B. Riley raised their price objective on shares of EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Finally, Canaccord Genuity Group raised their price target on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, May 7th.

Insiders Place Their Bets

In other EverQuote news, Director John L. Shields sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $21.84, for a total transaction of $43,680.00. Following the sale, the director now directly owns 34,515 shares of the company’s stock, valued at approximately $753,807.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John L. Shields sold 2,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $21.84, for a total transaction of $43,680.00. Following the completion of the transaction, the director now owns 34,515 shares of the company’s stock, valued at approximately $753,807.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Jon Ayotte sold 5,688 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $21.16, for a total transaction of $120,358.08. Following the transaction, the chief accounting officer now directly owns 52,066 shares of the company’s stock, valued at approximately $1,101,716.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 154,396 shares of company stock valued at $3,243,225. Corporate insiders own 29.79% of the company’s stock.

Institutional Trading of EverQuote

Several large investors have recently added to or reduced their stakes in EVER. Earnest Partners LLC lifted its stake in shares of EverQuote by 44.2% in the third quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock worth $13,980,000 after acquiring an additional 592,262 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of EverQuote by 193.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock valued at $5,183,000 after acquiring an additional 472,821 shares during the last quarter. New York State Common Retirement Fund lifted its stake in EverQuote by 25.6% during the fourth quarter. New York State Common Retirement Fund now owns 53,026 shares of the company’s stock worth $649,000 after purchasing an additional 10,813 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in EverQuote during the fourth quarter valued at $66,000. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of EverQuote in the 1st quarter worth about $672,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

EverQuote Stock Up 3.0 %

EVER stock opened at $20.86 on Friday. EverQuote has a fifty-two week low of $5.36 and a fifty-two week high of $25.69. The business has a 50 day moving average price of $21.79 and a 200 day moving average price of $17.34. The stock has a market cap of $724.36 million, a price-to-earnings ratio of -14.79 and a beta of 1.00.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.12. The company had revenue of $91.07 million during the quarter, compared to the consensus estimate of $80.36 million. EverQuote had a negative net margin of 17.37% and a negative return on equity of 31.65%. EverQuote’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. As a group, sell-side analysts anticipate that EverQuote will post 0.05 EPS for the current 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.