EverQuote, Inc. (NASDAQ:EVER) Receives Average Rating of “Buy” from Analysts

Shares of EverQuote, Inc. (NASDAQ:EVER) have earned a consensus rating of “Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $20.60.

Several brokerages have issued reports on EVER. JPMorgan Chase & Co. boosted their target price 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 target on shares of EverQuote from $15.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, B. Riley initiated coverage on shares of EverQuote in a report on Friday. They set a “buy” rating and a $24.00 price target on the stock.

EverQuote Stock Up 1.5 %

Shares of NASDAQ:EVER opened at $18.39 on Monday. The company’s fifty day moving average is $17.48 and its two-hundred day moving average is $12.67. EverQuote has a 12-month low of $5.36 and a 12-month high of $20.74. The company has a market cap of $629.49 million, a P/E ratio of -11.94 and a beta of 0.90.

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

Insider Buying and Selling

In related news, major shareholder Ventures Lllp Link sold 2,573 shares of the company’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 completion of the sale, the insider now directly owns 1,562,990 shares in the company, valued at $32,010,035.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other EverQuote news, Director David B. Blundin sold 22,018 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total transaction of $450,928.64. Following the completion of the sale, the director now directly owns 593,492 shares in the company, valued at $12,154,716.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Ventures Lllp Link sold 2,573 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total transaction of $52,695.04. Following the sale, the insider now owns 1,562,990 shares of the company’s stock, valued at $32,010,035.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 432,709 shares of company stock worth $7,658,766. Corporate insiders own 38.46% of the company’s stock.

Institutional Investors Weigh In On EverQuote

A number of hedge funds have recently bought and sold shares of EVER. Counterpoint Mutual Funds LLC acquired a new position in shares of EverQuote during the first quarter valued at about $672,000. Vanguard Group Inc. raised its position in shares of EverQuote by 7.3% during the fourth quarter. Vanguard Group Inc. now owns 1,127,137 shares of the company’s stock valued at $13,796,000 after buying an additional 76,856 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of EverQuote by 79.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 101,019 shares of the company’s stock valued at $1,236,000 after buying an additional 44,641 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of EverQuote during the fourth quarter valued at about $445,000. Finally, Barclays PLC raised its position in shares of EverQuote by 120.5% during the fourth quarter. Barclays PLC now owns 35,538 shares of the company’s stock valued at $435,000 after buying an additional 19,418 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

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.