JPMorgan Chase & Co. Lowers EverQuote (NASDAQ:EVER) Price Target to $25.00

EverQuote (NASDAQ:EVER) had its price objective cut by equities researchers at JPMorgan Chase & Co. from $28.00 to $25.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 37.21% from the stock’s current price.

Several other research analysts have also recently weighed in on EVER. B. Riley lowered their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research note on Thursday, December 26th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $31.67.

EverQuote Stock Down 3.8 %

EVER opened at $18.22 on Friday. EverQuote has a 12-month low of $10.21 and a 12-month high of $28.09. The business has a 50 day moving average of $18.80 and a 200-day moving average of $20.77. The stock has a market cap of $644.10 million, a price-to-earnings ratio of 53.59 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results 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. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The business had revenue of $144.53 million for the quarter, compared to analysts’ expectations of $140.30 million. During the same quarter in the prior year, the business earned ($0.40) EPS. The firm’s revenue for the quarter was up 162.7% on a year-over-year basis. As a group, analysts expect that EverQuote will post 0.72 earnings per share for the current year.

Insider Buying and Selling at EverQuote

In other news, CTO David Brainard sold 29,248 shares of EverQuote stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $19.93, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 53,641 shares of company stock valued at $1,024,594 in the last quarter. Company insiders own 29.79% of the company’s stock.

Institutional Investors Weigh In On EverQuote

Large investors have recently added to or reduced their stakes in the stock. Gladius Capital Management LP bought a new stake in shares of EverQuote during the 3rd quarter valued at $26,000. Quarry LP increased its position in shares of EverQuote by 215.5% in the second quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 985 shares during the period. nVerses Capital LLC raised its stake in EverQuote by 41.2% in the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after purchasing an additional 700 shares in the last quarter. Quantbot Technologies LP lifted its position in EverQuote by 115.1% during the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after purchasing an additional 1,874 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in EverQuote during the second quarter worth about $76,000. Institutional investors and hedge funds 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.