EverQuote (NASDAQ:EVER) Stock Price Up 7.7% - Still a Buy?

EverQuote, Inc. (NASDAQ:EVER - Get Free Report)'s stock price shot up 7.7% on Tuesday . The stock traded as high as $21.30 and last traded at $21.64. 212,450 shares changed hands during trading, a decline of 51% from the average session volume of 432,335 shares. The stock had previously closed at $20.09.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EVER shares. JPMorgan Chase & Co. dropped their price target on shares of EverQuote from $28.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, January 10th. Raymond James raised shares of EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 target price for the company in a report on Thursday, December 26th. Finally, B. Riley decreased their price target on EverQuote from $36.50 to $29.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $31.67.

EverQuote Price Performance

The stock has a 50-day moving average price of $18.96 and a two-hundred day moving average price of $20.45. The stock has a market cap of $776.64 million, a PE ratio of 64.62 and a beta of 0.96.

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

Insider Activity at EverQuote

In other news, CTO David Brainard sold 14,590 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $17.44, for a total value of $254,449.60. Following the completion of the sale, the chief technology officer now directly owns 137,291 shares of the company's stock, valued at $2,394,355.04. This trade represents a 9.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Shields sold 2,000 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $20.00, for a total value of $40,000.00. Following the transaction, the director now directly owns 28,515 shares in the company, valued at approximately $570,300. This represents a 6.55 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,668 shares of company stock valued at $1,045,134. Insiders own 29.79% of the company's stock.

Institutional Investors Weigh In On EverQuote

Institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new stake in EverQuote in the second quarter worth about $202,000. CWM LLC grew its stake in shares of EverQuote by 143.0% during the third quarter. CWM LLC now owns 4,522 shares of the company's stock valued at $95,000 after buying an additional 2,661 shares during the last quarter. Essex Investment Management Co. LLC raised its holdings in shares of EverQuote by 16.5% in the third quarter. Essex Investment Management Co. LLC now owns 216,694 shares of the company's stock worth $4,570,000 after buying an additional 30,619 shares during the period. nVerses Capital LLC lifted its stake in shares of EverQuote by 41.2% during the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company's stock worth $51,000 after acquiring an additional 700 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its holdings in EverQuote by 572.1% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company's stock valued at $10,631,000 after acquiring an additional 429,084 shares during the period. 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.