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 brokerages that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $31.67.

A number of brokerages have recently issued reports on EVER. JPMorgan Chase & Co. dropped 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. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a research note on Thursday, December 26th. Finally, B. Riley dropped 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.

EverQuote Price Performance

NASDAQ EVER opened at $18.22 on Monday. The firm has a market cap of $644.10 million, a P/E ratio of 53.59 and a beta of 0.96. The stock’s 50-day moving average is $18.73 and its two-hundred day moving average is $20.65. EverQuote has a fifty-two week low of $11.47 and a fifty-two week high of $28.09.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, November 4th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. The firm had revenue of $144.53 million for the quarter, compared to the consensus estimate of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business’s quarterly revenue was up 162.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.40) EPS. On average, equities analysts expect that EverQuote will post 0.72 EPS for the current year.

Insider Buying and Selling at EverQuote

In related news, CTO David Brainard sold 29,248 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $19.93, for a total transaction of $582,912.64. Following the sale, the chief technology officer now directly owns 116,212 shares in the company, valued at $2,316,105.16. This trade represents a 20.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 52,668 shares of company stock valued at $1,005,134. Company insiders own 29.79% of the company’s stock.

Hedge Funds Weigh In On EverQuote

Large investors have recently bought and sold shares of the company. Emerald Mutual Fund Advisers Trust raised its holdings in EverQuote by 572.1% during the third 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 in the last quarter. Emerald Advisers LLC boosted its holdings in shares of EverQuote by 165.8% in the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after buying an additional 399,257 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 buying an additional 373,280 shares in the last quarter. Renaissance Technologies LLC increased its holdings 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 last quarter. Finally, Cubist Systematic Strategies LLC raised its position in EverQuote by 335.2% during the second quarter. Cubist Systematic Strategies LLC now owns 265,944 shares of the company’s stock worth $5,548,000 after acquiring an additional 204,835 shares in the last quarter. 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.