EverQuote, Inc. (NASDAQ:EVER) Given Consensus Rating of “Buy” by Brokerages

Shares of EverQuote, Inc. (NASDAQ:EVER) have received an average rating of “Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $28.50.

Several research firms have recently weighed in on EVER. JPMorgan Chase & Co. lowered their price objective on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Craig Hallum increased their price target on EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Needham & Company LLC increased their price target on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Finally, B. Riley decreased their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th.

EverQuote Trading Up 0.9 %

EVER stock opened at $19.33 on Tuesday. EverQuote has a 1-year low of $8.44 and a 1-year high of $28.09. The firm has a market cap of $683.32 million, a P/E ratio of 56.85 and a beta of 1.06. The business’s 50 day moving average is $19.59 and its 200-day moving average is $21.62.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data 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. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. During the same period in the prior year, the company posted ($0.40) EPS. The company’s revenue was up 162.7% compared to the same quarter last year. Sell-side analysts forecast that EverQuote will post 0.72 EPS for the current year.

Insider Buying and Selling at EverQuote

In other news, CTO David Brainard sold 1,641 shares of the stock in a transaction 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 transaction, the chief technology officer now owns 155,491 shares of the company’s stock, 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 this hyperlink. Also, Director George R. Neble sold 2,500 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the transaction, the director now directly owns 54,970 shares in the company, valued at approximately $1,067,517.40. This trade represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,716 shares of company stock worth $188,810. Insiders own 29.79% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Gladius Capital Management LP acquired a new position in shares of EverQuote in the 3rd quarter valued at $26,000. Quarry LP lifted its stake in shares of EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after purchasing an additional 985 shares during the period. nVerses Capital LLC acquired a new stake in EverQuote during the 2nd quarter worth $35,000. CWM LLC raised its stake in EverQuote by 133.2% during the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after buying an additional 1,063 shares during the period. Finally, Quantbot Technologies LP raised its stake in EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after buying an additional 1,874 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

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.