EverQuote (NASDAQ:EVER) Price Target Lowered to $25.00 at JPMorgan Chase & Co.

EverQuote (NASDAQ:EVER - Get Free Report) had its price target reduced by investment analysts at JPMorgan Chase & Co. from $28.00 to $25.00 in a report issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 37.21% from the company's current price.

A number of other research firms have also weighed in on EVER. B. Riley cut their price objective on shares of EverQuote from $36.50 to $29.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. 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 research note on Thursday, December 26th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, EverQuote presently has a consensus rating of "Buy" and a consensus target price of $31.67.

EverQuote Price Performance

NASDAQ:EVER traded down $0.71 during trading hours on Friday, reaching $18.22. 507,242 shares of the company traded hands, compared to its average volume of 379,407. The firm's 50-day moving average is $18.80 and its 200-day moving average is $20.77. The stock has a market cap of $644.10 million, a P/E ratio of 53.59 and a beta of 0.96. EverQuote has a 1-year low of $10.21 and a 1-year high of $28.09.

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

Insiders Place Their Bets

In related news, CTO David Brainard sold 3,675 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $19.52, for a total value of $71,736.00. Following the transaction, the chief technology officer now owns 108,244 shares in the company, valued at approximately $2,112,922.88. This trade represents a 3.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 53,641 shares of company stock valued at $1,024,594 over the last quarter. Company insiders own 29.79% of the company's stock.

Institutional Investors Weigh In On EverQuote

Institutional investors have recently bought and sold shares of the business. Gladius Capital Management LP acquired a new position in shares of EverQuote during the third quarter worth about $26,000. Quarry LP lifted its holdings in EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company's stock worth $30,000 after buying an additional 985 shares in the last quarter. nVerses Capital LLC boosted its position in EverQuote by 41.2% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company's stock valued at $51,000 after buying an additional 700 shares during the last quarter. Quantbot Technologies LP grew its stake 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 acquiring an additional 1,874 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of EverQuote during the second quarter valued at about $76,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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.