EverQuote (NASDAQ:EVER) Price Target Lowered to $29.00 at B. Riley

EverQuote (NASDAQ:EVER) had its target price cut by B. Riley from $36.50 to $29.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s target price points to a potential upside of 59.17% from the stock’s current price.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. decreased their target price on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday. Needham & Company LLC upped their target price on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, Craig Hallum lifted their price target on EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $28.50.

EverQuote Stock Performance

Shares of EVER traded up $0.91 during mid-day trading on Tuesday, hitting $18.22. 557,616 shares of the company were exchanged, compared to its average volume of 463,923. The stock has a market cap of $639.16 million, a price-to-earnings ratio of -21.69 and a beta of 1.06. EverQuote has a 1-year low of $7.11 and a 1-year high of $28.09. The company has a 50 day moving average of $20.66 and a 200-day moving average of $21.80.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. The firm had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. During the same period in the previous year, the company posted ($0.40) earnings per share. The business’s revenue was up 162.7% on a year-over-year basis. Research analysts anticipate that EverQuote will post 0.57 earnings per share for the current fiscal year.

Insider Activity at EverQuote

In other EverQuote news, CTO David Brainard sold 1,641 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total value of $33,181.02. Following the sale, the chief technology officer now directly owns 155,491 shares of the company’s stock, valued at approximately $3,144,028.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CTO David Brainard sold 1,641 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total value of $33,181.02. Following the transaction, the chief technology officer now directly owns 155,491 shares of the company’s stock, valued at approximately $3,144,028.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Joseph Sanborn sold 4,800 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $21.54, for a total value of $103,392.00. Following the sale, the chief financial officer now owns 207,691 shares of the company’s stock, valued at $4,473,664.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,270 shares of company stock valued at $431,011. Insiders own 29.79% of the company’s stock.

Institutional Trading of EverQuote

Several large investors have recently modified their holdings of the business. Driehaus Capital Management LLC boosted its position in EverQuote by 9.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 2,036,361 shares of the company’s stock valued at $42,478,000 after purchasing an additional 169,333 shares during the period. Vanguard Group Inc. increased its holdings in shares of EverQuote by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock worth $21,487,000 after acquiring an additional 30,577 shares during the period. Emerald Advisers LLC lifted its position in EverQuote by 165.8% in the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after purchasing an additional 399,257 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of EverQuote by 3.6% in the first quarter. First Eagle Investment Management LLC now owns 532,138 shares of the company’s stock valued at $9,876,000 after purchasing an additional 18,523 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of EverQuote by 62.6% in the second quarter. Acadian Asset Management LLC now owns 517,331 shares of the company’s stock worth $10,786,000 after purchasing an additional 199,187 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.