EverQuote, Inc. (NASDAQ:EVER - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $28.25 and last traded at $27.71, with a volume of 389583 shares. The stock had previously closed at $26.61.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Raymond James raised shares of EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price objective on the stock in a research note on Thursday, December 26th. Canaccord Genuity Group lowered their price objective on EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Needham & Company LLC upped their price objective on EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted 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. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $32.33.
Get Our Latest Research Report on EverQuote
EverQuote Stock Performance
The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 84.44 and a beta of 1.01. The business's 50 day simple moving average is $22.39 and its 200-day simple moving average is $20.57.
EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.18. The business had revenue of $147.46 million during the quarter, compared to analyst estimates of $133.83 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. As a group, sell-side analysts expect that EverQuote, Inc. will post 0.72 EPS for the current year.
Insider Transactions at EverQuote
In related news, CAO Jon Ayotte sold 7,647 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were 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 $1,492,917.40. The trade was a 11.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO David Brainard sold 29,248 shares of the business's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $19.93, for a total value of $582,912.64. Following the completion of the transaction, the chief technology officer now directly owns 116,212 shares in the company, valued at approximately $2,316,105.16. This represents a 20.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,311 shares of company stock valued at $1,217,328. 29.79% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVER. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of EverQuote by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,383 shares of the company's stock valued at $288,000 after purchasing an additional 608 shares during the period. Corton Capital Inc. lifted its position in EverQuote by 3.4% during the 4th quarter. Corton Capital Inc. now owns 21,592 shares of the company's stock worth $432,000 after buying an additional 714 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of EverQuote by 4.8% during the 4th quarter. Legal & General Group Plc now owns 21,985 shares of the company's stock worth $439,000 after buying an additional 1,012 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of EverQuote by 4.0% in the 4th quarter. Rhumbline Advisers now owns 34,899 shares of the company's stock valued at $698,000 after buying an additional 1,332 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in EverQuote by 19.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company's stock valued at $177,000 after purchasing an additional 1,363 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.
EverQuote Company Profile
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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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