EverQuote, Inc. (NASDAQ:EVER) Receives $32.33 Average PT from Brokerages

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) has been assigned an average recommendation of "Buy" from the six analysts that are presently covering the stock, 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 brokers that have covered the stock in the last year is $32.33.

EVER has been the subject of a number of research reports. Raymond James raised EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price target for the company in a research note on Thursday, December 26th. Needham & Company LLC lifted their target price on EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Canaccord Genuity Group cut their price target on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of EverQuote from $25.00 to $29.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th.

EverQuote Stock Down 1.8 %

EverQuote stock traded down $0.39 during mid-day trading on Friday, hitting $21.27. 145,972 shares of the company's stock traded hands, compared to its average volume of 539,734. EverQuote has a one year low of $16.63 and a one year high of $30.03. The company has a market cap of $759.71 million, a PE ratio of 62.66 and a beta of 0.77. The firm has a 50 day moving average price of $24.35 and a 200 day moving average price of $20.90.

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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, beating 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 during the quarter, compared to analyst estimates of $133.83 million. On average, analysts expect that EverQuote will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other EverQuote news, Director John L. Shields sold 2,000 shares of the firm'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 transaction, the director now directly owns 28,515 shares in the company, valued at $570,300. This trade represents a 6.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $28.75, for a total transaction of $29,382.50. Following the completion of the sale, the insider now owns 3,498,667 shares of the company's stock, valued at approximately $100,586,676.25. This trade represents a 0.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 180,857 shares of company stock valued at $4,992,367. 29.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EverQuote

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of EverQuote by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company's stock valued at $40,314,000 after purchasing an additional 24,347 shares during the period. Toronado Partners LLC lifted its position in EverQuote by 59.7% in the 4th quarter. Toronado Partners LLC now owns 718,774 shares of the company's stock worth $14,368,000 after buying an additional 268,670 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of EverQuote by 32.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company's stock valued at $13,076,000 after buying an additional 161,426 shares during the period. Divisadero Street Capital Management LP purchased a new position in shares of EverQuote during the 4th quarter valued at $12,311,000. Finally, Geode Capital Management LLC increased its stake in shares of EverQuote by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 600,365 shares of the company's stock worth $12,004,000 after acquiring an additional 5,210 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

About EverQuote

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.