Brokerages Set EverQuote, Inc. (NASDAQ:EVER) PT at $26.25

EverQuote, Inc. (NASDAQ:EVERGet Free Report) has been assigned an average recommendation of “Buy” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $26.25.

A number of equities research analysts have issued reports on the stock. Craig Hallum increased their target price on shares of EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Canaccord Genuity Group increased their target price on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. increased their target price on shares of EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. B. Riley increased their target price on shares of EverQuote from $24.00 to $29.50 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, Needham & Company LLC increased their target price on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th.

View Our Latest Research Report on EVER

Insider Activity

In other news, major shareholder Ventures Lllp Link sold 2,573 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total value of $52,695.04. Following the sale, the insider now directly owns 1,562,990 shares in the company, valued at approximately $32,010,035.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Ventures Lllp Link sold 2,573 shares of the stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total value of $52,695.04. Following the transaction, the insider now directly owns 1,562,990 shares of the company’s stock, valued at approximately $32,010,035.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David B. Blundin sold 58,434 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $20.14, for a total transaction of $1,176,860.76. Following the completion of the transaction, the director now directly owns 535,058 shares in the company, valued at $10,776,068.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 333,760 shares of company stock worth $6,557,978. 29.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EVER. Raymond James & Associates grew its position in shares of EverQuote by 69.3% in the 3rd quarter. Raymond James & Associates now owns 44,704 shares of the company’s stock valued at $323,000 after buying an additional 18,295 shares during the last quarter. New York State Common Retirement Fund grew its position in EverQuote by 15.6% during the 3rd quarter. New York State Common Retirement Fund now owns 42,213 shares of the company’s stock worth $305,000 after purchasing an additional 5,684 shares during the last quarter. First Eagle Investment Management LLC grew its position in EverQuote by 9.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 554,504 shares of the company’s stock worth $4,009,000 after purchasing an additional 45,813 shares during the last quarter. Envestnet Asset Management Inc. grew its position in EverQuote by 193.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock worth $5,183,000 after purchasing an additional 472,821 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in EverQuote by 21.3% during the 3rd quarter. Acadian Asset Management LLC now owns 220,251 shares of the company’s stock worth $1,592,000 after purchasing an additional 38,663 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

EverQuote Stock Performance

NASDAQ:EVER opened at $21.67 on Tuesday. The stock has a market capitalization of $752.38 million, a P/E ratio of -15.37 and a beta of 1.00. The company has a 50 day moving average price of $21.57 and a 200 day moving average price of $16.46. EverQuote has a fifty-two week low of $5.36 and a fifty-two week high of $25.69.

EverQuote (NASDAQ:EVERGet Free Report) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. The firm had revenue of $91.07 million during the quarter, compared to analysts’ expectations of $80.36 million. EverQuote had a negative net margin of 17.37% and a negative return on equity of 31.65%. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.08) EPS. Research analysts forecast that EverQuote will post 0.04 earnings per share for the current fiscal year.

EverQuote Company Profile

(Get Free Report

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.

Read More

Analyst Recommendations for EverQuote (NASDAQ:EVER)

Receive News & Ratings for EverQuote Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EverQuote and related companies with MarketBeat.com's FREE daily email newsletter.