EverQuote (NASDAQ:EVER) Earns Buy Rating from Analysts at B. Riley

B. Riley initiated coverage on shares of EverQuote (NASDAQ:EVER) in a research report sent to investors on Friday, MarketBeat reports. The firm issued a buy rating and a $24.00 price target on the stock.

EVER has been the topic of several other research reports. Needham & Company LLC lifted their price target on shares of EverQuote from $15.00 to $25.00 and gave the stock a buy rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. lifted their price target on shares of EverQuote from $13.00 to $25.00 and gave the stock an overweight rating in a research note on Tuesday, February 27th. Five 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 $20.60.

EverQuote Stock Performance

Shares of EVER stock opened at $18.39 on Friday. The firm’s 50 day moving average is $17.48 and its 200 day moving average is $12.67. EverQuote has a 12-month low of $5.36 and a 12-month high of $20.74.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, February 26th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.12. The business had revenue of $55.71 million for the quarter, compared to analysts’ expectations of $49.89 million. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. On average, analysts predict that EverQuote will post -0.43 earnings per share for the current year.

Insider Activity

In other news, major shareholder Ventures Lllp Link sold 2,573 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total transaction of $52,695.04. Following the sale, the insider now directly owns 1,562,990 shares in the company, valued at approximately $32,010,035.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other EverQuote news, Director David B. Blundin sold 89,177 shares of EverQuote stock in a transaction on Friday, February 9th. The shares were sold at an average price of $15.00, for a total value of $1,337,655.00. Following the sale, the director now directly owns 802,589 shares in the company, valued at approximately $12,038,835. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Ventures Lllp Link sold 2,573 shares of EverQuote stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total transaction of $52,695.04. Following the completion of the sale, the insider now owns 1,562,990 shares in the company, valued at $32,010,035.20. The disclosure for this sale can be found here. Insiders have sold 432,709 shares of company stock worth $7,658,766 in the last three months. Company insiders own 38.46% of the company’s stock.

Institutional Trading of EverQuote

A number of institutional investors and hedge funds have recently bought and sold shares of EVER. Advisor Group Holdings Inc. increased its holdings in EverQuote by 398.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,992 shares of the company’s stock valued at $48,000 after acquiring an additional 2,392 shares during the last quarter. Swiss National Bank increased its holdings in shares of EverQuote by 10.0% in the 1st quarter. Swiss National Bank now owns 43,900 shares of the company’s stock worth $710,000 after buying an additional 4,000 shares during the last quarter. Raymond James & Associates bought a new stake in shares of EverQuote in the 1st quarter worth about $461,000. Bank of New York Mellon Corp increased its holdings in shares of EverQuote by 79.9% in the 1st quarter. Bank of New York Mellon Corp now owns 106,237 shares of the company’s stock worth $1,718,000 after buying an additional 47,176 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of EverQuote by 54.2% in the 1st quarter. MetLife Investment Management LLC now owns 9,721 shares of the company’s stock worth $157,000 after buying an additional 3,416 shares during the last quarter. 91.54% of the stock is currently owned by 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.