Brokerages Set EverQuote, Inc. (NASDAQ:EVER) Price Target at $31.67

EverQuote, Inc. (NASDAQ:EVER) has earned a consensus rating of “Buy” from the six analysts that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $31.67.

Several equities research analysts have recently commented on EVER shares. B. Riley lowered their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price objective on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Finally, 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 research note on Thursday, December 26th.

Insider Activity at EverQuote

In related news, Director John L. Shields sold 2,000 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $20.00, for a total transaction of $40,000.00. Following the completion of the transaction, the director now directly owns 28,515 shares in the company, valued at $570,300. The trade was a 6.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO David Brainard sold 3,675 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $19.52, for a total transaction of $71,736.00. Following the transaction, the chief technology officer now owns 108,244 shares of the company’s stock, valued at $2,112,922.88. This represents a 3.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,955 shares of company stock worth $995,711 over the last three months. Company insiders own 29.79% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. nVerses Capital LLC increased its holdings 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 buying an additional 700 shares in the last quarter. Legal & General Group Plc increased its holdings in EverQuote by 4.8% in the fourth quarter. Legal & General Group Plc now owns 21,985 shares of the company’s stock valued at $439,000 after buying an additional 1,012 shares in the last quarter. Gladius Capital Management LP purchased a new position in EverQuote in the third quarter valued at $26,000. Rhumbline Advisers increased its holdings in EverQuote by 4.0% in the fourth quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock valued at $698,000 after buying an additional 1,332 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in EverQuote by 19.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock valued at $177,000 after buying an additional 1,363 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Stock Down 0.4 %

Shares of EVER opened at $21.69 on Friday. The company has a market cap of $766.76 million, a price-to-earnings ratio of 63.79 and a beta of 0.96. EverQuote has a twelve month low of $14.28 and a twelve month high of $28.09. The company has a 50 day moving average of $19.35 and a two-hundred day moving average of $20.21.

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.