EverQuote, Inc. (NASDAQ:EVER) Receives Average Rating of "Buy" from Analysts

Shares of EverQuote, Inc. (NASDAQ:EVER - Get Free Report) have earned a consensus rating of "Buy" from the six brokerages that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is $28.50.

A number of research analysts have issued reports on the stock. Needham & Company LLC increased their target price on shares of EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a research report on Tuesday, August 6th. B. Riley reduced their price target on EverQuote from $36.50 to $29.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Craig Hallum lifted their price objective on EverQuote from $30.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. reduced their target price on EverQuote from $34.00 to $28.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th.

Insider Buying and Selling at EverQuote

In related news, CTO David Brainard sold 1,641 shares of EverQuote stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total transaction of $33,181.02. Following the sale, the chief technology officer now directly owns 155,491 shares of the company's stock, valued at approximately $3,144,028.02. The trade was a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director George R. Neble sold 2,500 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction 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 approximately $1,067,517.40. The trade was a 4.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,716 shares of company stock valued at $188,810. 29.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EVER. nVerses Capital LLC raised its position in shares of EverQuote by 41.2% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the company's stock worth $51,000 after purchasing an additional 700 shares during the period. Quarry LP increased its holdings in EverQuote by 215.5% during the 2nd quarter. Quarry LP now owns 1,442 shares of the company's stock worth $30,000 after purchasing an additional 985 shares in the last quarter. CWM LLC raised its stake in shares of EverQuote by 133.2% in the second quarter. CWM LLC now owns 1,861 shares of the company's stock worth $39,000 after purchasing an additional 1,063 shares during the last quarter. Gladius Capital Management LP bought a new position in shares of EverQuote in the third quarter valued at approximately $26,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of EverQuote by 19.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company's stock valued at $177,000 after buying an additional 1,363 shares during the last quarter. Institutional investors own 91.54% of the company's stock.

EverQuote Stock Performance

NASDAQ:EVER traded up $0.34 during mid-day trading on Tuesday, hitting $19.67. 532,416 shares of the stock were exchanged, compared to its average volume of 475,308. The firm's 50-day simple moving average is $19.54 and its 200 day simple moving average is $21.59. EverQuote has a fifty-two week low of $8.44 and a fifty-two week high of $28.09. The stock has a market capitalization of $695.33 million, a price-to-earnings ratio of 57.85 and a beta of 1.06.

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