EverQuote (NASDAQ:EVER) Rating Increased to Strong-Buy at Raymond James

Raymond James upgraded shares of EverQuote (NASDAQ:EVER) from an outperform rating to a strong-buy rating in a report published on Thursday morning, MarketBeat.com reports. They currently have $35.00 price objective on the stock.

A number of other equities research analysts have also recently issued reports on the stock. B. Riley decreased their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. cut their price target on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $32.17.

EverQuote Stock Performance

NASDAQ:EVER opened at $20.11 on Thursday. The business has a fifty day moving average of $18.52 and a 200-day moving average of $20.79. The stock has a market cap of $710.91 million, a price-to-earnings ratio of 59.15 and a beta of 0.96. EverQuote has a 1 year low of $10.21 and a 1 year high of $28.09.

EverQuote (NASDAQ:EVER) last issued its 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. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The company had revenue of $144.53 million during the quarter, compared to analyst estimates of $140.30 million. During the same quarter last year, the business posted ($0.40) EPS. The company’s revenue for the quarter was up 162.7% on a year-over-year basis. On average, equities research analysts predict that EverQuote will post 0.72 EPS for the current year.

Insider Activity

In other EverQuote news, CTO David Brainard sold 1,641 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total value of $33,181.02. Following the completion of the sale, the chief technology officer now owns 155,491 shares in the company, valued at approximately $3,144,028.02. This trade represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director George R. Neble sold 2,500 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,306 shares of company stock worth $443,260. Corporate insiders own 29.79% of the company’s stock.

Institutional Trading of EverQuote

Institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its stake in shares of EverQuote by 255.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock valued at $5,072,000 after acquiring an additional 172,785 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of EverQuote by 636.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock worth $2,209,000 after purchasing an additional 90,500 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in EverQuote during the 2nd quarter worth approximately $782,000. Emerald Advisers LLC boosted its stake in EverQuote by 165.8% in the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after purchasing an additional 399,257 shares during the period. Finally, Inspire Investing LLC bought a new position in shares of EverQuote during the second quarter worth about $842,000. 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.