EverQuote, Inc. (NASDAQ:EVER) Receives $29.58 Consensus PT from Analysts

Shares of EverQuote, Inc. (NASDAQ:EVER) have earned a consensus rating of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have covered the stock in the last year is $28.50.

EVER has been the subject of several research reports. Craig Hallum raised their price target on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. decreased their price target on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday. B. Riley decreased their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Needham & Company LLC raised their price target on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th.

Insider Buying and Selling at EverQuote

In other EverQuote news, CTO David Brainard sold 3,164 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $22.02, for a total transaction of $69,671.28. Following the completion of the sale, the chief technology officer now owns 160,986 shares of the company’s stock, valued at $3,544,911.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other EverQuote news, CFO Joseph Sanborn sold 4,800 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $21.54, for a total transaction of $103,392.00. Following the completion of the sale, the chief financial officer now owns 207,691 shares of the company’s stock, valued at $4,473,664.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO David Brainard sold 3,164 shares of the firm’s 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 completion of the transaction, the chief technology officer now owns 160,986 shares in the company, valued at $3,544,911.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,270 shares of company stock valued at $431,011 in the last quarter. 29.79% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Gladius Capital Management LP bought a new position in shares of EverQuote in the third quarter worth $26,000. Empower Advisory Group LLC bought a new position in EverQuote in the third quarter valued at about $262,000. Victory Capital Management Inc. grew its position in EverQuote by 97.3% in the third quarter. Victory Capital Management Inc. now owns 29,019 shares of the company’s stock valued at $612,000 after acquiring an additional 14,311 shares during the last quarter. Versor Investments LP bought a new position in EverQuote in the third quarter valued at about $327,000. Finally, Los Angeles Capital Management LLC bought a new position in EverQuote in the third quarter valued at about $1,223,000. Institutional investors own 91.54% of the company’s stock.

EverQuote Stock Performance

NASDAQ EVER opened at $18.47 on Friday. The business has a 50 day simple moving average of $20.47 and a 200 day simple moving average of $21.77. EverQuote has a 52-week low of $7.95 and a 52-week high of $28.09. The stock has a market cap of $647.93 million, a price-to-earnings ratio of 55.32 and a beta of 1.06.

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 analysts’ consensus estimates of $0.22 by $0.09. The business had revenue of $144.53 million during the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a return on equity of 15.01% and a net margin of 3.31%. EverQuote’s revenue for the quarter was up 162.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.40) EPS. On average, analysts predict that EverQuote will post 0.57 EPS for the current year.

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.