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

EverQuote, Inc. (NASDAQ:EVER) has been assigned a consensus rating of “Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $32.17.

Several equities analysts have recently commented on EVER shares. B. Riley lowered their target price on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a report on Thursday. Finally, JPMorgan Chase & Co. reduced their target price on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th.

EverQuote Stock Down 2.1 %

EVER stock opened at $19.68 on Thursday. EverQuote has a 52 week low of $10.21 and a 52 week high of $28.09. The stock has a market capitalization of $695.71 million, a P/E ratio of 57.88 and a beta of 0.96. The firm has a 50-day simple moving average of $18.53 and a 200-day simple moving average of $20.77.

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

Insider Buying and Selling at EverQuote

In related news, CTO David Brainard sold 1,641 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total transaction of $33,181.02. Following the sale, the chief technology officer now owns 155,491 shares of the company’s stock, valued at approximately $3,144,028.02. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $19.42, for a total value of $48,550.00. Following the sale, the director now directly owns 54,970 shares in the company, valued at $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 three months, insiders have sold 24,306 shares of company stock valued at $443,260. 29.79% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EVER. Emerald Mutual Fund Advisers Trust grew its stake in EverQuote by 572.1% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock worth $10,631,000 after acquiring an additional 429,084 shares during the period. Emerald Advisers LLC grew its position 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. JPMorgan Chase & Co. increased its stake in EverQuote by 3,022.8% in the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock valued at $8,133,000 after purchasing an additional 373,280 shares during the last quarter. Renaissance Technologies LLC lifted its position in EverQuote by 331.9% during the second quarter. Renaissance Technologies LLC now owns 293,708 shares of the company’s stock worth $6,127,000 after buying an additional 225,700 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its stake in EverQuote by 335.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 265,944 shares of the company’s stock worth $5,548,000 after buying an additional 204,835 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.