EverQuote, Inc. (NASDAQ:EVER) Receives Consensus Rating of “Buy” from Analysts

Shares of EverQuote, Inc. (NASDAQ:EVER) have earned an average rating of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $32.17.

A number of equities research analysts recently issued reports on EVER shares. JPMorgan Chase & Co. lowered their price objective on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. B. Riley lowered their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a research note on Thursday, December 26th.

EverQuote Price Performance

EVER opened at $19.69 on Thursday. EverQuote has a fifty-two week low of $10.21 and a fifty-two week high of $28.09. The firm has a market capitalization of $696.06 million, a PE ratio of 57.91 and a beta of 0.96. The company’s 50-day moving average is $18.53 and its 200 day moving average is $20.77.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The firm had revenue of $144.53 million during the quarter, compared to analyst estimates of $140.30 million. During the same quarter in the prior year, the business posted ($0.40) EPS. The business’s revenue was up 162.7% compared to the same quarter last year. As a group, analysts expect that EverQuote will post 0.72 EPS for the current year.

Insider Buying and Selling

In other EverQuote news, Director George R. Neble sold 2,500 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $19.42, for a total transaction of $48,550.00. Following the sale, the director now directly owns 54,970 shares in the company, valued at approximately $1,067,517.40. This trade represents a 4.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 owns 116,212 shares of the company’s stock, valued at $2,316,105.16. This represents a 20.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,554 shares of company stock valued at $1,026,172 over the last three months. Corporate insiders own 29.79% of the company’s stock.

Institutional Investors Weigh In On EverQuote

Several large investors have recently bought and sold shares of EVER. Gladius Capital Management LP purchased a new stake in EverQuote during the 3rd quarter valued at $26,000. Quarry LP raised its position in shares of EverQuote by 215.5% during 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 during the period. nVerses Capital LLC purchased a new position in shares of EverQuote in the second quarter valued at about $35,000. Quantbot Technologies LP boosted its stake in EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after purchasing an additional 1,874 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in EverQuote during the 2nd quarter valued at approximately $76,000. 91.54% of the stock is currently owned by 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.