EverQuote (NASDAQ:EVER) Reaches New 52-Week High at $20.74

Shares of EverQuote, Inc. (NASDAQ:EVER) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $20.74 and last traded at $20.47, with a volume of 139564 shares trading hands. The stock had previously closed at $19.85.

Analysts Set New Price Targets

Several brokerages have issued reports on EVER. JPMorgan Chase & Co. lifted their price target on shares of EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Needham & Company LLC boosted their price objective on shares of EverQuote from $15.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, B. Riley boosted their price objective on shares of EverQuote from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, EverQuote presently has a consensus rating of “Buy” and an average price target of $20.80.

EverQuote Stock Performance

The firm has a market cap of $620.25 million, a P/E ratio of -11.77 and a beta of 0.90. The firm’s fifty day moving average is $17.42 and its 200 day moving average is $12.59.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, February 26th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.12. The business had revenue of $55.71 million during the quarter, compared to the consensus estimate of $49.89 million. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. As a group, equities research analysts forecast that EverQuote, Inc. will post -0.43 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Ventures Lllp Link sold 10,422 shares of EverQuote stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $15.43, for a total transaction of $160,811.46. Following the completion of the sale, the insider now owns 1,858,407 shares of the company’s stock, valued at approximately $28,675,220.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other EverQuote news, major shareholder Ventures Lllp Link sold 10,422 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $15.43, for a total value of $160,811.46. Following the completion of the sale, the insider now owns 1,858,407 shares of the company’s stock, valued at approximately $28,675,220.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Blundin sold 89,177 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 802,589 shares of the company’s stock, valued at approximately $12,038,835. The disclosure for this sale can be found here. In the last 90 days, insiders sold 408,118 shares of company stock valued at $7,155,142. Company insiders own 38.46% of the company’s stock.

Institutional Trading of EverQuote

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in EverQuote by 51.3% in the 4th quarter. Bank of America Corp DE now owns 2,055,600 shares of the company’s stock valued at $30,300,000 after purchasing an additional 696,994 shares during the period. Earnest Partners LLC lifted its holdings in shares of EverQuote by 44.2% during the 3rd quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock worth $13,980,000 after acquiring an additional 592,262 shares during the period. BlackRock Inc. lifted its holdings in shares of EverQuote by 6.5% during the 2nd quarter. BlackRock Inc. now owns 1,647,061 shares of the company’s stock worth $10,706,000 after acquiring an additional 100,133 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of EverQuote by 2.4% during the 4th quarter. Baillie Gifford & Co. now owns 1,362,022 shares of the company’s stock worth $20,076,000 after acquiring an additional 31,957 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of EverQuote by 7.3% during the 4th quarter. Vanguard Group Inc. now owns 1,127,137 shares of the company’s stock worth $13,796,000 after acquiring an additional 76,856 shares during the period. Institutional investors 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.