EverQuote (NASDAQ:EVER) Upgraded by Raymond James to "Strong-Buy" Rating

Raymond James upgraded shares of EverQuote (NASDAQ:EVER - Free Report) from an outperform rating to a strong-buy rating in a research report report published on Thursday, MarketBeat.com reports. The firm currently has $35.00 target price on the stock.

A number of other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of EverQuote from $34.00 to $28.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. 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 report on Tuesday, November 5th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, EverQuote presently has an average rating of "Buy" and an average price target of $32.17.

EverQuote Stock Up 9.8 %

NASDAQ EVER traded up $1.79 during midday trading on Thursday, hitting $20.11. The company had a trading volume of 1,127,095 shares, compared to its average volume of 473,295. The firm has a fifty day simple moving average of $18.52 and a two-hundred day simple moving average of $20.79. EverQuote has a fifty-two week low of $10.21 and a fifty-two week high of $28.09. The stock has a market cap of $710.91 million, a price-to-earnings ratio of 59.15 and a beta of 0.96.

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

Insider Buying and Selling at EverQuote

In related news, Director George R. Neble sold 2,500 shares of the company's stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the sale, the director now owns 54,970 shares in the company, valued at approximately $1,067,517.40. This represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO David Brainard sold 1,641 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total value of $33,181.02. Following the completion of the transaction, the chief technology officer now directly owns 155,491 shares in the company, valued at $3,144,028.02. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,306 shares of company stock worth $443,260. Insiders own 29.79% of the company's stock.

Institutional Trading of EverQuote

A number of hedge funds have recently modified their holdings of EVER. Charles Schwab Investment Management Inc. raised its position in shares of EverQuote by 255.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company's stock worth $5,072,000 after purchasing an additional 172,785 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of EverQuote by 636.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company's stock valued at $2,209,000 after buying an additional 90,500 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of EverQuote during the second quarter worth $782,000. Emerald Advisers LLC raised its holdings in shares of EverQuote by 165.8% during the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company's stock worth $13,498,000 after acquiring an additional 399,257 shares during the period. Finally, Inspire Investing LLC bought a new stake in EverQuote in the 2nd quarter valued at $842,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.