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

EverQuote, Inc. (NASDAQ:EVER) has been assigned an average recommendation of “Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have covered the stock in the last year is $29.58.

EVER has been the subject of a number of research reports. Craig Hallum increased their target price on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. raised their price target on EverQuote from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Finally, Needham & Company LLC raised their price target on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th.

Insider Buying and Selling

In other news, Director David B. Blundin sold 3,255 shares of EverQuote stock in a transaction on Monday, July 29th. The stock was sold at an average price of $26.81, for a total transaction of $87,266.55. Following the completion of the sale, the director now directly owns 264,273 shares in the company, valued at $7,085,159.13. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director David B. Blundin sold 3,255 shares of EverQuote stock in a transaction on Monday, July 29th. The stock was sold at an average price of $26.81, for a total transaction of $87,266.55. Following the completion of the sale, the director now directly owns 264,273 shares in the company, valued at $7,085,159.13. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO David Brainard sold 3,164 shares of EverQuote stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $22.02, for a total value of $69,671.28. Following the sale, the chief technology officer now owns 160,986 shares of the company’s stock, valued at $3,544,911.72. The disclosure for this sale can be found here. Insiders sold a total of 133,998 shares of company stock worth $3,356,708 over the last three months. 29.79% of the stock is owned by insiders.

Hedge Funds Weigh In On EverQuote

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVER. Russell Investments Group Ltd. grew its stake in EverQuote by 244,503.3% in the first quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock valued at $5,448,000 after purchasing an additional 293,404 shares during the last quarter. Emerald Advisers LLC purchased a new position in EverQuote in the second quarter valued at about $5,023,000. Renaissance Technologies LLC grew its stake in EverQuote by 331.9% in the second quarter. Renaissance Technologies LLC now owns 293,708 shares of the company’s stock valued at $6,127,000 after purchasing an additional 225,700 shares during the last quarter. Acadian Asset Management LLC grew its stake in EverQuote by 206.9% in the first quarter. Acadian Asset Management LLC now owns 318,144 shares of the company’s stock valued at $5,903,000 after purchasing an additional 214,486 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in EverQuote by 335.2% in the second quarter. Cubist Systematic Strategies LLC now owns 265,944 shares of the company’s stock valued at $5,548,000 after purchasing an additional 204,835 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Stock Performance

NASDAQ EVER opened at $21.84 on Thursday. The company has a market capitalization of $758.39 million, a P/E ratio of -15.49 and a beta of 1.04. EverQuote has a one year low of $6.18 and a one year high of $28.09. The stock has a 50 day moving average price of $23.29 and a 200-day moving average price of $21.35.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.14. The firm had revenue of $117.14 million during the quarter, compared to the consensus estimate of $102.81 million. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. The company’s quarterly revenue was up 72.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.31) EPS. As a group, equities analysts predict that EverQuote will post 0.57 EPS for the current fiscal year.

About EverQuote

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.