EverQuote (NASDAQ:EVER) Given New $28.00 Price Target at JPMorgan Chase & Co.

EverQuote (NASDAQ:EVER - Get Free Report) had its target price dropped by stock analysts at JPMorgan Chase & Co. from $34.00 to $28.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 55.47% from the company's current price.

EVER has been the topic of a number of other research reports. Craig Hallum upped their target price on EverQuote from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Tuesday, August 6th. Needham & Company LLC upped their target price on EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a research note on Tuesday, August 6th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, EverQuote currently has an average rating of "Buy" and a consensus target price of $28.50.

EverQuote Stock Performance

NASDAQ EVER traded up $0.70 on Tuesday, hitting $18.01. 1,843,512 shares of the stock were exchanged, compared to its average volume of 469,932. The stock has a fifty day moving average price of $20.66 and a two-hundred day moving average price of $21.80. The firm has a market capitalization of $631.79 million, a P/E ratio of -21.05 and a beta of 1.06. EverQuote has a 52-week low of $7.11 and a 52-week high of $28.09.

EverQuote (NASDAQ:EVER - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. The business had revenue of $144.53 million during the quarter, compared to the consensus estimate of $140.30 million. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. The business's revenue for the quarter was up 162.7% compared to the same quarter last year. During the same period last year, the company earned ($0.40) earnings per share. Sell-side analysts expect that EverQuote will post 0.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director George R. Neble sold 2,500 shares of the company's stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the transaction, the director now owns 54,970 shares of the company's stock, valued at approximately $1,067,517.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CTO David Brainard sold 3,164 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $22.02, for a total value of $69,671.28. Following the sale, the chief technology officer now directly owns 160,986 shares in the company, valued at approximately $3,544,911.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George R. Neble sold 2,500 shares of the firm's stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the sale, the director now owns 54,970 shares in the company, valued at approximately $1,067,517.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,270 shares of company stock valued at $431,011. 29.79% of the stock is owned by company insiders.

Hedge Funds Weigh In On EverQuote

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP boosted its holdings in EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company's stock valued at $30,000 after purchasing an additional 985 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of EverQuote during the 2nd quarter valued at approximately $35,000. CWM LLC lifted its position in shares of EverQuote by 133.2% during the 2nd quarter. CWM LLC now owns 1,861 shares of the company's stock valued at $39,000 after acquiring an additional 1,063 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of EverQuote during the 2nd quarter valued at approximately $76,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of EverQuote during the 2nd quarter valued at approximately $147,000. Hedge funds and other 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.