EverQuote, Inc. (NASDAQ:EVER) Receives Consensus Recommendation of "Buy" from Brokerages

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) has been given an average rating of "Buy" by the six ratings firms that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $32.17.

Several research firms have commented on EVER. B. Riley decreased their price objective 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. 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 research note on Thursday. Finally, JPMorgan Chase & Co. dropped their price objective on EverQuote from $34.00 to $28.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th.

Insiders Place Their Bets

In other EverQuote news, Director George R. Neble sold 2,500 shares of the firm's stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the transaction, the director now directly owns 54,970 shares of the company's stock, valued at $1,067,517.40. This trade represents a 4.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO David Brainard sold 14,590 shares of the company's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $17.44, for a total transaction of $254,449.60. Following the completion of the transaction, the chief technology officer now directly owns 137,291 shares in the company, valued at approximately $2,394,355.04. The trade was a 9.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,306 shares of company stock worth $443,260 over the last 90 days. Corporate insiders own 29.79% of the company's stock.

Hedge Funds Weigh In On EverQuote

Institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its holdings in shares of EverQuote by 18.6% during the second quarter. Bank of New York Mellon Corp now owns 86,394 shares of the company's stock worth $1,802,000 after purchasing an additional 13,536 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of EverQuote in the 2nd quarter worth about $3,796,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in EverQuote during the second quarter valued at approximately $147,000. nVerses Capital LLC purchased a new position in EverQuote in the 2nd quarter worth $35,000. Finally, Rhumbline Advisers grew its position in EverQuote by 18.3% during the 2nd quarter. Rhumbline Advisers now owns 35,793 shares of the company's stock worth $747,000 after acquiring an additional 5,534 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

EverQuote Stock Up 9.8 %

NASDAQ EVER traded up $1.79 on Thursday, hitting $20.11. The company's stock had a trading volume of 1,127,095 shares, compared to its average volume of 473,295. The firm has a market cap of $710.91 million, a PE ratio of 59.15 and a beta of 0.96. The company's 50-day moving average is $18.52 and its 200 day moving average is $20.79. EverQuote has a 1-year low of $10.21 and a 1-year high of $28.09.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The firm had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. During the same quarter in the prior year, the business earned ($0.40) earnings per share. The business's quarterly revenue was up 162.7% compared to the same quarter last year. On average, equities analysts expect that EverQuote will post 0.72 EPS for the current year.

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.