EverQuote, Inc. (NASDAQ:EVER) Given Average Recommendation of “Buy” by Brokerages

Shares of EverQuote, Inc. (NASDAQ:EVERGet Free Report) have earned a consensus rating of “Buy” from the five analysts that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have covered the stock in the last year is $20.60.

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. B. Riley began coverage on EverQuote in a report on Friday. They set a “buy” rating and a $24.00 price target for the company. Finally, Needham & Company LLC upped their price target on EverQuote from $15.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th.

Get Our Latest Analysis on EVER

Insider Transactions at EverQuote

In other news, Director David B. Blundin sold 89,177 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $15.00, for a total transaction of $1,337,655.00. Following the completion of the transaction, the director now directly owns 802,589 shares in the company, valued at $12,038,835. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director David B. Blundin sold 22,018 shares of the company’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $20.48, for a total value of $450,928.64. Following the completion of the transaction, the director now directly owns 593,492 shares in the company, valued at $12,154,716.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Blundin sold 89,177 shares of the company’s 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 completion of the transaction, the director now owns 802,589 shares of the company’s stock, valued at $12,038,835. The disclosure for this sale can be found here. Insiders sold a total of 432,709 shares of company stock worth $7,658,766 over the last three months. 38.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EVER. FNY Investment Advisers LLC acquired a new position in shares of EverQuote in the fourth quarter valued at $40,000. Citigroup Inc. raised its stake in shares of EverQuote by 1,200.2% in the second quarter. Citigroup Inc. now owns 6,371 shares of the company’s stock valued at $41,000 after purchasing an additional 5,881 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of EverQuote by 52.5% in the third quarter. First Horizon Advisors Inc. now owns 5,755 shares of the company’s stock valued at $42,000 after purchasing an additional 1,981 shares in the last quarter. State of Wyoming acquired a new position in shares of EverQuote in the fourth quarter valued at $42,000. Finally, Osaic Holdings Inc. raised its stake in shares of EverQuote by 35.9% in the second quarter. Osaic Holdings Inc. now owns 6,573 shares of the company’s stock valued at $43,000 after purchasing an additional 1,735 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

EverQuote Stock Performance

EVER opened at $18.39 on Monday. The business has a 50 day moving average price of $17.48 and a 200 day moving average price of $12.75. EverQuote has a twelve month low of $5.36 and a twelve month high of $20.74. The firm has a market cap of $629.49 million, a P/E ratio of -11.94 and a beta of 0.90.

EverQuote (NASDAQ:EVERGet Free Report) last posted its 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. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. The firm had revenue of $55.71 million during the quarter, compared to analyst estimates of $49.89 million. As a group, analysts anticipate that EverQuote will post -0.43 earnings per share for the current fiscal year.

About EverQuote

(Get Free Report

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.

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Analyst Recommendations for EverQuote (NASDAQ:EVER)

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