EverQuote, Inc. (NASDAQ:EVER) Receives $31.67 Average Price Target from Analysts

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) has earned a consensus recommendation of "Buy" from the six brokerages that are currently covering the company, MarketBeat.com reports. Five investment 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 brokers that have updated their coverage on the stock in the last year is $31.67.

A number of research analysts have recently commented on the company. Raymond James raised EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price target on the stock in a report on Thursday, December 26th. B. Riley dropped their price target on shares of EverQuote from $36.50 to $29.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of EverQuote from $28.00 to $25.00 and set an "overweight" rating on the stock in a research note on Friday, January 10th.

EverQuote Stock Down 0.3 %

NASDAQ EVER traded down $0.06 on Monday, hitting $18.47. The stock had a trading volume of 301,959 shares, compared to its average volume of 375,665. The company's 50-day moving average is $18.81 and its two-hundred day moving average is $20.69. EverQuote has a one year low of $10.60 and a one year high of $28.09. The stock has a market cap of $652.91 million, a price-to-earnings ratio of 54.32 and a beta of 0.96.

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

Insider Transactions at EverQuote

In other news, CTO David Brainard sold 29,248 shares of the firm's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $19.93, for a total transaction of $582,912.64. Following the completion of the sale, the chief technology officer now directly owns 116,212 shares of the company's stock, valued at $2,316,105.16. This trade represents a 20.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 52,668 shares of company stock valued at $1,005,134 in the last quarter. Insiders own 29.79% of the company's stock.

Institutional Investors Weigh In On EverQuote

Several hedge funds have recently modified their holdings of the stock. Gladius Capital Management LP acquired a new position in EverQuote in the 3rd quarter worth approximately $26,000. Quarry LP lifted its holdings in shares of EverQuote by 215.5% in the second quarter. Quarry LP now owns 1,442 shares of the company's stock valued at $30,000 after purchasing an additional 985 shares in the last quarter. nVerses Capital LLC boosted its position in shares of EverQuote by 41.2% in the third quarter. nVerses Capital LLC now owns 2,400 shares of the company's stock worth $51,000 after buying an additional 700 shares during the period. Quantbot Technologies LP grew its holdings in shares of EverQuote by 115.1% during the third 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 in the last quarter. Finally, CWM LLC raised its position in EverQuote by 143.0% during the third quarter. CWM LLC now owns 4,522 shares of the company's stock valued at $95,000 after buying an additional 2,661 shares during the period. 91.54% of the stock is owned by hedge funds and other 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.