EverQuote (NASDAQ:EVER) Hits New 52-Week High - Should You Buy?

Shares of EverQuote, Inc. (NASDAQ:EVER - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock 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

A number of equities analysts recently commented on the stock. Needham & Company LLC boosted their price objective on shares of EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a research note 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. JPMorgan Chase & Co. raised their price objective on EverQuote from $25.00 to $29.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Finally, Canaccord Genuity Group reduced their target price 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. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $32.33.

EverQuote Trading Down 5.7 %

The stock has a 50-day moving average price of $22.02 and a two-hundred day moving average price of $20.46. The stock has a market cap of $945.26 million, a price-to-earnings ratio of 77.82 and a beta of 1.01.

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

Insider Buying and Selling

In other news, CAO Jon Ayotte sold 7,647 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $25.72, for a total transaction of $196,680.84. Following the sale, the chief accounting officer now directly owns 58,045 shares of the company's stock, valued at $1,492,917.40. The trade was a 11.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO David Brainard sold 2,238 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $26.14, for a total value of $58,501.32. Following the completion of the transaction, the chief technology officer now directly owns 153,336 shares in the company, valued at approximately $4,008,203.04. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,863 shares of company stock worth $1,204,605 in the last three months. Corporate insiders own 29.79% of the company's stock.

Institutional Inflows and Outflows

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

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.