EverQuote, Inc. (NASDAQ:EVER) Given Consensus Recommendation of "Buy" by Brokerages

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) has earned a consensus rating of "Buy" from the six analysts that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $32.33.

EVER has been the subject of a number of research analyst reports. Canaccord Genuity Group dropped their price objective on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Raymond James upgraded shares of 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. JPMorgan Chase & Co. increased their target price on EverQuote from $25.00 to $29.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Finally, Needham & Company LLC boosted their price target on EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th.

EverQuote Stock Performance

EVER stock traded up $0.93 on Tuesday, reaching $26.61. The company had a trading volume of 512,308 shares, compared to its average volume of 499,863. EverQuote has a 1 year low of $16.63 and a 1 year high of $28.09. The company has a market cap of $950.62 million, a P/E ratio of 78.26 and a beta of 1.01. The company's fifty day moving average is $21.57 and its 200 day moving average is $20.44.

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

Insider Buying and Selling at EverQuote

In other news, Director John L. Shields sold 2,000 shares of the stock in a transaction dated Monday, January 27th. The stock was 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 owns 28,515 shares in the company, 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 can be accessed through this link. Also, CTO David Brainard sold 14,590 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $17.44, for a total value of $254,449.60. Following the transaction, the chief technology officer now directly owns 137,291 shares in the company, valued at $2,394,355.04. This trade represents a 9.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,453 shares of company stock valued at $1,459,054 over the last three months. 29.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On EverQuote

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVER. Gladius Capital Management LP purchased a new stake in shares of EverQuote during the third quarter worth about $26,000. R Squared Ltd purchased a new stake in EverQuote during the 4th quarter worth approximately $34,000. Quarry LP increased its holdings in 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 last quarter. Quantbot Technologies LP raised its position in shares of 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 purchasing an additional 1,874 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of EverQuote by 80.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock worth $90,000 after buying an additional 2,042 shares in the last quarter. Hedge funds and other 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.