EverQuote (NASDAQ:EVER) Reaches New 1-Year High - What's Next?

EverQuote, Inc. (NASDAQ:EVER - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $28.25 and last traded at $27.71, with a volume of 389583 shares trading hands. The stock had previously closed at $26.61.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of EverQuote from $25.00 to $29.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Needham & Company LLC raised their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. 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 report on Thursday, December 26th. Finally, Canaccord Genuity Group cut their price objective on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, EverQuote presently has an average rating of "Buy" and a consensus price target of $32.33.

EverQuote Trading Up 4.6 %

The company has a market capitalization of $994.77 million, a PE ratio of 81.59 and a beta of 1.01. The stock's fifty day moving average is $21.71 and its two-hundred day moving average is $20.42.

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EverQuote (NASDAQ:EVER - Get Free Report) last released its earnings results on Monday, February 24th. The company reported $0.33 earnings per share 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 for the quarter, compared to analysts' expectations of $133.83 million. As a group, analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling at EverQuote

In related news, CTO David Brainard sold 14,590 shares of the company's stock in a transaction that occurred 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 sale, the chief technology officer now directly owns 137,291 shares in the company, valued at approximately $2,394,355.04. This represents a 9.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $20.00, for a total transaction of $40,000.00. Following the completion of the transaction, the director now owns 28,515 shares of the company's stock, valued at $570,300. This represents a 6.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,453 shares of company stock worth $1,459,054 over the last ninety days. 29.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EVER. Vanguard Group Inc. increased its holdings in shares of EverQuote by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company's stock worth $40,314,000 after purchasing an additional 24,347 shares during the period. Toronado Partners LLC grew its position in EverQuote by 59.7% during the fourth 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 increased its stake in EverQuote by 32.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company's stock worth $13,076,000 after acquiring an additional 161,426 shares during the last quarter. Divisadero Street Capital Management LP bought a new stake in shares of EverQuote during the 4th quarter valued at about $12,311,000. Finally, Geode Capital Management LLC boosted its position in shares of EverQuote by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 600,365 shares of the company's stock valued at $12,004,000 after acquiring an additional 5,210 shares during the last quarter. 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.

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