EverQuote, Inc. (NASDAQ:EVER) Receives $32.33 Consensus PT from Brokerages

Shares of EverQuote, Inc. (NASDAQ:EVER) have earned an average recommendation of “Buy” from the six analysts that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $32.33.

Several brokerages have weighed in on EVER. JPMorgan Chase & Co. lifted their price target on shares of EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a report on Thursday, December 26th. Needham & Company LLC boosted their target price on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group lowered their target price on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, February 24th.

EverQuote Price Performance

Shares of NASDAQ:EVER opened at $25.68 on Tuesday. EverQuote has a 1-year low of $16.63 and a 1-year high of $28.09. The company has a market capitalization of $917.39 million, a P/E ratio of 75.53 and a beta of 1.01. The firm’s 50 day simple moving average is $21.57 and its two-hundred day simple moving average is $20.44.

EverQuote (NASDAQ:EVER) last issued 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 net margin of 3.31% and a return on equity of 13.94%. The business had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. On average, sell-side analysts anticipate that EverQuote will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other EverQuote news, CAO Jon Ayotte sold 7,647 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $25.72, for a total transaction of $196,680.84. Following the transaction, the chief accounting officer now owns 58,045 shares in the company, valued at $1,492,917.40. The trade was a 11.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO David Brainard sold 29,248 shares of the business’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 transaction, the chief technology officer now owns 116,212 shares in the company, valued at $2,316,105.16. This trade represents a 20.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,453 shares of company stock worth $1,459,054. Insiders own 29.79% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp grew its holdings in shares of EverQuote by 65.3% in the fourth quarter. Mackenzie Financial Corp now owns 104,303 shares of the company’s stock worth $2,085,000 after purchasing an additional 41,222 shares during the last quarter. Warm Springs Advisors Inc. bought a new position in shares of EverQuote in the fourth quarter worth about $1,499,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of EverQuote by 34.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,500 shares of the company’s stock worth $950,000 after purchasing an additional 12,118 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of EverQuote by 47.2% in the fourth quarter. Squarepoint Ops LLC now owns 371,595 shares of the company’s stock worth $7,428,000 after purchasing an additional 119,189 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of EverQuote by 59.7% in the fourth quarter. Two Sigma Advisers LP now owns 52,700 shares of the company’s stock worth $1,053,000 after purchasing an additional 19,700 shares during the last quarter. Institutional investors 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.