EverQuote (NASDAQ:EVER) Trading Up 10.1% – Still a Buy?

EverQuote, Inc. (NASDAQ:EVER)’s stock price shot up 10.1% during trading on Monday . The stock traded as high as $20.28 and last traded at $20.28. 185,135 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 469,445 shares. The stock had previously closed at $18.42.

Wall Street Analysts Forecast Growth

EVER has been the subject of several research reports. B. Riley lowered their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Craig Hallum upped their target price on EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Needham & Company LLC increased their target price on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. reduced their price target on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, EverQuote has an average rating of “Buy” and an average price target of $28.50.

EverQuote Price Performance

The company’s fifty day simple moving average is $20.13 and its 200-day simple moving average is $21.81. The firm has a market capitalization of $680.90 million, a PE ratio of 59.65 and a beta of 1.06.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm had revenue of $144.53 million during the quarter, compared to analysts’ expectations of $140.30 million. During the same quarter last year, the firm earned ($0.40) EPS. The business’s quarterly revenue was up 162.7% on a year-over-year basis. As a group, equities research analysts anticipate that EverQuote, Inc. will post 0.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO David Brainard sold 3,164 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $22.02, for a total value of $69,671.28. Following the sale, the chief technology officer now directly owns 160,986 shares of the company’s stock, valued at $3,544,911.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other EverQuote news, CTO David Brainard sold 3,164 shares of EverQuote stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $22.02, for a total value of $69,671.28. Following the completion of the transaction, the chief technology officer now owns 160,986 shares of the company’s stock, valued at approximately $3,544,911.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joseph Sanborn sold 4,800 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $21.54, for a total value of $103,392.00. Following the completion of the transaction, the chief financial officer now directly owns 207,691 shares of the company’s stock, valued at $4,473,664.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,270 shares of company stock valued at $431,011. 29.79% of the stock is owned by company insiders.

Institutional Trading of EverQuote

Several institutional investors have recently modified their holdings of EVER. Vanguard Group Inc. boosted its holdings in EverQuote by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock worth $21,487,000 after buying an additional 30,577 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of EverQuote by 127.6% in the first quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock worth $1,016,000 after acquiring an additional 30,699 shares during the last quarter. 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. Jacobs Levy Equity Management Inc. acquired a new position in EverQuote in the 1st quarter valued at $2,167,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in EverQuote in the 2nd quarter valued at $782,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

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.