EverQuote, Inc. (NASDAQ:EVER) Given Average Recommendation of “Buy” by Brokerages

EverQuote, Inc. (NASDAQ:EVER) has been given an average recommendation of “Buy” by the six ratings firms that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $31.67.

A number of research analysts recently issued reports on EVER shares. JPMorgan Chase & Co. cut their price target on EverQuote from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, January 10th. B. Riley cut their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a report on Thursday, December 26th.

Insider Activity at EverQuote

In other EverQuote news, CTO David Brainard sold 29,248 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $19.93, for a total value of $582,912.64. Following the sale, the chief technology officer now owns 116,212 shares in the company, valued at approximately $2,316,105.16. The trade was a 20.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 52,668 shares of company stock worth $1,005,134. 29.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On EverQuote

Institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in EverQuote by 255.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock valued at $5,072,000 after acquiring an additional 172,785 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in EverQuote by 636.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock valued at $2,209,000 after acquiring an additional 90,500 shares in the last quarter. Geode Capital Management LLC lifted its stake in EverQuote by 10.4% in the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock valued at $12,554,000 after acquiring an additional 56,114 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in EverQuote in the 2nd quarter valued at approximately $782,000. Finally, Barclays PLC lifted its stake in EverQuote by 331.2% in the 3rd quarter. Barclays PLC now owns 50,983 shares of the company’s stock valued at $1,076,000 after acquiring an additional 39,160 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

EverQuote Trading Down 0.3 %

Shares of EverQuote stock opened at $18.47 on Monday. The company’s fifty day simple moving average is $18.81 and its 200-day simple moving average is $20.69. The company has a market cap of $652.91 million, a price-to-earnings ratio of 54.32 and a beta of 0.96. EverQuote has a 1 year low of $10.60 and a 1 year high of $28.09.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, November 4th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. The firm had revenue of $144.53 million during the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. EverQuote’s quarterly revenue was up 162.7% compared to the same quarter last year. During the same period last year, the business earned ($0.40) earnings per share. As a group, research analysts forecast that EverQuote will post 0.72 earnings per share for the current fiscal year.

EverQuote Company Profile

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.