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

EverQuote (NASDAQ:EVER - Get Free Report) had its price objective cut by stock analysts at Canaccord Genuity Group from $35.00 to $30.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. Canaccord Genuity Group's price objective indicates a potential upside of 16.37% from the stock's current price.

Several other brokerages have also recently commented on EVER. JPMorgan Chase & Co. reduced their target price on EverQuote from $28.00 to $25.00 and set an "overweight" rating on the stock in a report on Friday, January 10th. B. Riley reduced their price objective on shares of EverQuote from $36.50 to $29.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Finally, Raymond James upgraded 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. 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, the stock presently has a consensus rating of "Buy" and an average target price of $32.33.

EverQuote Stock Up 0.2 %

Shares of EVER stock traded up $0.04 during mid-day trading on Monday, reaching $25.78. 1,257,873 shares of the stock traded hands, compared to its average volume of 530,865. The stock's fifty day simple moving average is $20.08 and its two-hundred day simple moving average is $20.13. EverQuote has a 1-year low of $14.28 and a 1-year high of $28.09. The company has a market cap of $911.35 million, a price-to-earnings ratio of 75.82 and a beta of 0.96.

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EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.18. The company had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. On average, equities research analysts anticipate that EverQuote will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling

In other EverQuote news, Director John L. Shields sold 2,000 shares of the firm's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $20.00, for a total value of $40,000.00. Following the transaction, the director now directly owns 28,515 shares of the company's stock, valued at approximately $570,300. This trade represents a 6.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO David Brainard sold 2,238 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $26.14, for a total transaction of $58,501.32. Following the sale, the chief technology officer now directly owns 153,336 shares of the company's stock, valued at approximately $4,008,203.04. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,806 shares of company stock valued at $1,262,374. 29.79% of the stock is owned by company insiders.

Hedge Funds Weigh In On EverQuote

Several large investors have recently added to or reduced their stakes in EVER. Gladius Capital Management LP purchased a new stake in shares of EverQuote in the third quarter worth approximately $26,000. R Squared Ltd purchased a new position in shares of EverQuote during the fourth quarter valued at approximately $34,000. Quarry LP grew its holdings in EverQuote by 100.7% during the third quarter. Quarry LP now owns 2,894 shares of the company's stock worth $61,000 after buying an additional 1,452 shares in the last quarter. Quantbot Technologies LP raised its position in EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company's stock valued at $74,000 after buying an additional 1,874 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in EverQuote in the 4th quarter valued at $90,000. 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.