EverQuote, Inc. (NASDAQ:EVER) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of EverQuote, Inc. (NASDAQ:EVER) have been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat.com 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 target price among analysts that have updated their coverage on the stock in the last year is $24.1667.

Several equities analysts have commented on the company. JPMorgan Chase & Co. upped their price target on EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of EverQuote in a research note on Tuesday, May 5th. Finally, Wall Street Zen raised EverQuote from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th.

Insider Buying and Selling at EverQuote

In other news, CTO David Brainard sold 4,960 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $25.51, for a total value of $126,529.60. Following the completion of the transaction, the chief technology officer owned 165,336 shares in the company, valued at approximately $4,217,721.36. This represents a 2.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jon Ayotte sold 4,611 shares of EverQuote stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $24.15, for a total transaction of $111,355.65. Following the sale, the chief accounting officer owned 74,580 shares in the company, valued at approximately $1,801,107. This trade represents a 5.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 57,891 shares of company stock valued at $1,243,447 in the last 90 days. 23.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On EverQuote

Several large investors have recently modified their holdings of EVER. SG Americas Securities LLC boosted its stake in EverQuote by 1,100.6% in the 4th quarter. SG Americas Securities LLC now owns 244,937 shares of the company’s stock valued at $6,613,000 after buying an additional 224,535 shares in the last quarter. Jacobs Asset Management LLC raised its stake in EverQuote by 199.9% during the first quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock worth $6,219,000 after acquiring an additional 268,819 shares in the last quarter. Legato Capital Management LLC lifted its holdings in shares of EverQuote by 179.9% during the fourth quarter. Legato Capital Management LLC now owns 86,717 shares of the company’s stock valued at $2,341,000 after acquiring an additional 55,741 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of EverQuote by 29.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 616,717 shares of the company’s stock valued at $15,683,000 after acquiring an additional 141,026 shares during the period. Finally, K.J. Harrison & Partners Inc lifted its holdings in shares of EverQuote by 539.0% during the first quarter. K.J. Harrison & Partners Inc now owns 63,900 shares of the company’s stock valued at $985,000 after acquiring an additional 53,900 shares during the period. 91.54% of the stock is currently owned by institutional investors.

EverQuote Stock Performance

Shares of EVER traded down $1.84 during trading hours on Thursday, reaching $24.99. 41,609 shares of the company traded hands, compared to its average volume of 858,058. The stock’s fifty day moving average is $22.42 and its 200 day moving average is $19.48. The stock has a market cap of $900.50 million, a P/E ratio of 8.44 and a beta of 0.61. EverQuote has a 1-year low of $13.88 and a 1-year high of $28.73.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, May 4th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.08. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The business had revenue of $190.85 million during the quarter, compared to analysts’ expectations of $180.10 million. During the same quarter last year, the company earned $0.21 earnings per share. The firm’s revenue was up 14.6% on a year-over-year basis. On average, equities research analysts predict that EverQuote will post 1.72 EPS for the current year.

EverQuote Company Profile

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.