EverQuote (NASDAQ:EVER) PT Raised to $30.00

EverQuote (NASDAQ:EVER) had its target price increased by research analysts at Craig Hallum from $26.00 to $30.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Craig Hallum’s price objective points to a potential upside of 25.94% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. B. Riley began coverage on shares of EverQuote in a research note on Friday, April 19th. They issued a “buy” rating and a $24.00 price target on the stock. JPMorgan Chase & Co. raised their price target on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Needham & Company LLC increased their target price on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Canaccord Genuity Group boosted their price target on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, EverQuote currently has a consensus rating of “Buy” and an average target price of $26.25.

EverQuote Stock Performance

EVER opened at $23.82 on Tuesday. The stock has a market capitalization of $815.36 million, a PE ratio of -15.64 and a beta of 0.85. EverQuote has a one year low of $5.36 and a one year high of $25.69. The business’s 50 day moving average price is $18.53 and its 200 day moving average price is $13.82.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.12. The business had revenue of $91.07 million for the quarter, compared to analyst estimates of $80.36 million. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. The company’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.08) EPS. As a group, equities research analysts forecast that EverQuote will post -0.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other EverQuote news, Director David B. Blundin sold 89,177 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $15.00, for a total transaction of $1,337,655.00. Following the completion of the transaction, the director now owns 802,589 shares in the company, valued at approximately $12,038,835. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director David B. Blundin sold 89,177 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $15.00, for a total transaction of $1,337,655.00. Following the completion of the transaction, the director now directly owns 802,589 shares of the company’s stock, valued at approximately $12,038,835. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Ventures Lllp Link sold 2,730 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $21.88, for a total value of $59,732.40. Following the sale, the insider now directly owns 1,553,430 shares in the company, valued at approximately $33,989,048.40. The disclosure for this sale can be found here. Insiders sold 524,065 shares of company stock worth $9,544,076 over the last 90 days. 29.79% of the stock is owned by insiders.

Institutional Investors Weigh In On EverQuote

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its position in shares of EverQuote by 244,503.3% during the first quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock worth $5,448,000 after purchasing an additional 293,404 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in EverQuote by 127.6% in the first quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock valued at $1,016,000 after buying an additional 30,699 shares during the last quarter. MBL Wealth LLC purchased a new stake in EverQuote in the first quarter valued at approximately $664,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of EverQuote in the first quarter valued at approximately $672,000. Finally, HST Ventures LLC grew its position in shares of EverQuote by 13.9% during the fourth quarter. HST Ventures LLC now owns 291,705 shares of the company’s stock worth $3,570,000 after acquiring an additional 35,624 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

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.