EverQuote, Inc. (NASDAQ:EVER – Get Free Report) 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.
Get Our Latest Stock Report on EVER
Insiders Place Their Bets
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 – Get Free Report) 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.
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