EverQuote (NASDAQ:EVER) Hits New 12-Month High - Here's Why

Shares of EverQuote, Inc. (NASDAQ:EVER - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $29.97 and last traded at $28.40, with a volume of 80634 shares changing hands. The stock had previously closed at $28.71.

Analyst Upgrades and Downgrades

Several research firms have commented on EVER. Raymond James raised EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price objective on the stock in a research report on Thursday, December 26th. Canaccord Genuity Group cut their target price on EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. JPMorgan Chase & Co. raised their price target on shares of 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 upped their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $32.33.

EverQuote Trading Down 5.4 %

The business's 50-day simple moving average is $23.43 and its 200 day simple moving average is $20.78. The company has a market capitalization of $949.47 million, a P/E ratio of 78.12 and a beta of 1.01.

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

Insiders Place Their Bets

In other EverQuote news, CTO David Brainard sold 3,675 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $19.52, for a total transaction of $71,736.00. Following the transaction, the chief technology officer now directly owns 108,244 shares of the company's stock, valued at $2,112,922.88. This represents a 3.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jon Ayotte sold 7,647 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $25.72, for a total value of $196,680.84. Following the sale, the chief accounting officer now owns 58,045 shares of the company's stock, valued at approximately $1,492,917.40. This trade represents a 11.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 180,548 shares of company stock valued at $4,967,872 in the last three months. Insiders own 29.79% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. R Squared Ltd bought a new stake in shares of EverQuote in the fourth quarter valued at about $34,000. Quarry LP grew its holdings 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 in the last quarter. Quantbot Technologies LP increased its position in shares of EverQuote by 115.1% during the third 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 during the period. KLP Kapitalforvaltning AS acquired a new position in shares of EverQuote in the fourth quarter valued at $90,000. Finally, Asset Management One Co. Ltd. raised its stake in shares of EverQuote by 80.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock valued at $90,000 after buying an additional 2,042 shares in the last quarter. Institutional investors own 91.54% of the company's stock.

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.