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

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) has earned an average recommendation of "Buy" from the six ratings firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $31.67.

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

Insider Buying and Selling at EverQuote

In other EverQuote news, CTO David Brainard sold 14,590 shares of the firm's stock in a transaction on Tuesday, December 17th. The shares were 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 of the company's stock, valued at $2,394,355.04. This trade represents a 9.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Shields sold 2,000 shares of the business's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $20.00, for a total value of $40,000.00. Following the completion of the sale, the director now directly owns 28,515 shares of the company's stock, valued at approximately $570,300. This represents a 6.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,955 shares of company stock valued at $995,711 over the last 90 days. 29.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EverQuote

Institutional investors and hedge funds have recently made changes to their positions in the company. Gladius Capital Management LP bought a new stake in shares of EverQuote during the 3rd quarter valued at about $26,000. R Squared Ltd acquired a new position in EverQuote in the fourth quarter valued at approximately $34,000. nVerses Capital LLC grew its holdings in shares of EverQuote by 41.2% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the company's stock valued at $51,000 after purchasing an additional 700 shares during the last quarter. Quarry LP raised its position in shares of EverQuote by 100.7% during the 3rd quarter. Quarry LP now owns 2,894 shares of the company's stock worth $61,000 after purchasing an additional 1,452 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in shares of EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company's stock worth $74,000 after purchasing an additional 1,874 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

EverQuote Stock Performance

NASDAQ EVER traded down $0.09 during trading hours on Friday, hitting $21.69. 303,642 shares of the company's stock were exchanged, compared to its average volume of 431,976. The firm has a market capitalization of $766.74 million, a P/E ratio of 63.79 and a beta of 0.96. The business's 50 day moving average is $19.41 and its 200-day moving average is $20.18. EverQuote has a 12-month low of $14.28 and a 12-month high of $28.09.

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.