EverQuote, Inc. (NASDAQ:EVER) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of EverQuote, Inc. (NASDAQ:EVER) have earned an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $24.1667.

Several research firms recently weighed in on EVER. Craig Hallum reaffirmed a “buy” rating and issued a $20.00 price objective on shares of EverQuote in a report on Tuesday, February 24th. JPMorgan Chase & Co. raised their target price on shares of EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of EverQuote in a research report on Tuesday, May 5th. Raymond James Financial reaffirmed an “outperform” rating and issued a $18.00 price target on shares of EverQuote in a research note on Tuesday, February 17th. Finally, Weiss Ratings cut shares of EverQuote from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 1st.

Insider Transactions at EverQuote

In other news, CTO David Brainard sold 9,942 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $19.42, for a total value of $193,073.64. Following the sale, the chief technology officer owned 180,493 shares of the company’s stock, valued at approximately $3,505,174.06. The trade was a 5.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jayme Mendal sold 14,360 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $14.98, for a total value of $215,112.80. Following the completion of the sale, the chief executive officer directly owned 541,777 shares in the company, valued at $8,115,819.46. This represents a 2.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 48,400 shares of company stock valued at $886,823. 25.52% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EVER. Comerica Bank raised its position in EverQuote by 235.4% in the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after acquiring an additional 772 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of EverQuote by 108.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock valued at $26,000 after purchasing an additional 601 shares in the last quarter. Clearstead Advisors LLC boosted its position in shares of EverQuote by 70.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock valued at $54,000 after purchasing an additional 826 shares in the last quarter. Signature Equity Partners LLC grew its stake in shares of EverQuote by 65.5% in the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock worth $33,000 after purchasing an additional 842 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of EverQuote in the 3rd quarter worth approximately $52,000. Institutional investors own 91.54% of the company’s stock.

EverQuote Price Performance

Shares of EverQuote stock opened at $17.48 on Friday. EverQuote has a 1-year low of $13.88 and a 1-year high of $28.73. The business’s fifty day moving average price is $16.53 and its two-hundred day moving average price is $20.78. The company has a market capitalization of $629.80 million, a P/E ratio of 5.95 and a beta of 0.56.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.08. The company had revenue of $190.85 million during the quarter, compared to analysts’ expectations of $180.10 million. EverQuote had a return on equity of 53.39% and a net margin of 15.35%.The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. On average, research analysts expect that EverQuote will post 2.03 earnings per share for the current fiscal year.

About EverQuote

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.