EverQuote (NASDAQ:EVER) Price Target Lowered to $30.00 at Canaccord Genuity Group

EverQuote (NASDAQ:EVER) had its price target reduced by Canaccord Genuity Group from $35.00 to $30.00 in a research report sent to investors on Monday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other research firms have also commented 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. 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 research note on Tuesday, November 5th. Finally, Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $31.67.

EverQuote Stock Performance

Shares of NASDAQ:EVER opened at $20.15 on Monday. The firm has a market cap of $712.30 million, a price-to-earnings ratio of 59.26 and a beta of 0.96. The firm has a fifty day moving average price of $19.74 and a 200 day moving average price of $20.07. EverQuote has a fifty-two week low of $14.28 and a fifty-two week high of $28.09.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. As a group, research analysts predict that EverQuote will post 0.72 earnings per share for the current year.

Insider Buying and Selling at EverQuote

In other news, Director John L. Shields sold 2,000 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $20.00, for a total value of $40,000.00. Following the completion of the transaction, the director now directly owns 28,515 shares of the company’s stock, valued at approximately $570,300. The trade was a 6.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO David Brainard sold 6,609 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $21.49, for a total value of $142,027.41. Following the sale, the chief technology officer now owns 156,783 shares of the company’s stock, valued at $3,369,266.67. This trade represents a 4.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,412 shares of company stock valued at $1,178,790. Company insiders own 29.79% of the company’s stock.

Institutional Trading of EverQuote

A number of institutional investors have recently modified their holdings of EVER. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in EverQuote by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,383 shares of the company’s stock valued at $288,000 after acquiring an additional 608 shares in the last quarter. Corton Capital Inc. raised its stake in EverQuote by 3.4% in the fourth quarter. Corton Capital Inc. now owns 21,592 shares of the company’s stock valued at $432,000 after buying an additional 714 shares during the last quarter. Legal & General Group Plc boosted 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 worth $439,000 after acquiring an additional 1,012 shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of EverQuote during the third quarter worth about $26,000. Finally, Rhumbline Advisers increased its holdings in shares of EverQuote by 4.0% during the fourth quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock valued at $698,000 after acquiring an additional 1,332 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.

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.