EverQuote (NASDAQ:EVER) Price Target Cut to $25.00 by Analysts at JPMorgan Chase & Co.

EverQuote (NASDAQ:EVER) had its price objective cut by JPMorgan Chase & Co. from $28.00 to $25.00 in a report issued on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts also recently issued research reports about the stock. B. Riley lowered their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Thursday, December 26th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, EverQuote has a consensus rating of “Buy” and a consensus target price of $31.67.

EverQuote Price Performance

EVER opened at $18.22 on Friday. The business has a fifty day moving average price of $18.80 and a 200 day moving average price of $20.77. EverQuote has a 12 month low of $10.21 and a 12 month high of $28.09. The stock has a market capitalization of $644.10 million, a price-to-earnings ratio of 53.59 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $140.30 million. During the same period in the prior year, the firm earned ($0.40) earnings per share. The business’s quarterly revenue was up 162.7% compared to the same quarter last year. On average, research analysts anticipate that EverQuote will post 0.72 earnings per share for the current year.

Insider Activity

In other news, CTO David Brainard sold 3,675 shares of EverQuote stock in a transaction on Monday, January 6th. The shares were sold at an average price of $19.52, for a total value of $71,736.00. Following the transaction, the chief technology officer now directly owns 108,244 shares of the company’s stock, valued at $2,112,922.88. The trade was a 3.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 53,641 shares of company stock valued at $1,024,594. Insiders own 29.79% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Emerald Mutual Fund Advisers Trust raised its holdings in shares of EverQuote by 572.1% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock valued at $10,631,000 after buying an additional 429,084 shares during the last quarter. Emerald Advisers LLC raised its stake in EverQuote by 165.8% during the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after acquiring an additional 399,257 shares during the last quarter. JPMorgan Chase & Co. raised its stake in EverQuote by 3,022.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock valued at $8,133,000 after acquiring an additional 373,280 shares during the last quarter. Renaissance Technologies LLC lifted its position in EverQuote by 331.9% during the 2nd quarter. Renaissance Technologies LLC now owns 293,708 shares of the company’s stock worth $6,127,000 after acquiring an additional 225,700 shares during the period. Finally, Cubist Systematic Strategies LLC grew its stake in shares of EverQuote by 335.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 265,944 shares of the company’s stock valued at $5,548,000 after purchasing an additional 204,835 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other 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.