EverQuote (NASDAQ:EVER) Price Target Raised to $38.00

EverQuote (NASDAQ:EVER) had its price objective boosted by Needham & Company LLC from $30.00 to $38.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also issued reports on the company. JPMorgan Chase & Co. reduced their price target on EverQuote from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Canaccord Genuity Group decreased their target price on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday. B. Riley decreased their price objective on shares of 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 target price on the stock in a report on Thursday, December 26th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EverQuote has an average rating of “Buy” and an average price target of $32.33.

EverQuote Stock Performance

EVER stock opened at $25.78 on Tuesday. EverQuote has a 1 year low of $14.28 and a 1 year high of $28.09. The stock has a market capitalization of $911.35 million, a price-to-earnings ratio of 75.82 and a beta of 0.96. The stock’s fifty day moving average is $20.25 and its two-hundred day moving average is $20.17.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.18. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The firm had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. As a group, analysts predict that EverQuote will post 0.72 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director John L. Shields sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $20.00, for a total value of $40,000.00. Following the completion of the transaction, the director now owns 28,515 shares of the company’s stock, valued at approximately $570,300. This trade represents a 6.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO David Brainard sold 2,238 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $26.14, for a total transaction of $58,501.32. Following the sale, the chief technology officer now directly owns 153,336 shares in the company, valued at approximately $4,008,203.04. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,806 shares of company stock worth $1,262,374. 29.79% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Gladius Capital Management LP acquired a new stake in EverQuote during the 3rd quarter worth about $26,000. R Squared Ltd purchased a new stake in shares of EverQuote in the fourth quarter worth approximately $34,000. Quarry LP lifted its position in shares of EverQuote by 100.7% in the third quarter. Quarry LP now owns 2,894 shares of the company’s stock worth $61,000 after purchasing an additional 1,452 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of EverQuote by 115.1% during the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after purchasing an additional 1,874 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in EverQuote by 80.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock valued at $90,000 after purchasing an additional 2,042 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.