B. Riley Lowers EverQuote (NASDAQ:EVER) Price Target to $29.00

EverQuote (NASDAQ:EVER) had its target price lowered by B. Riley from $36.50 to $29.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s price target indicates a potential upside of 51.99% from the stock’s current price. B. Riley also issued estimates for EverQuote’s FY2024 earnings at $0.75 EPS, Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.30 EPS and Q4 2025 earnings at $0.23 EPS.

Several other research firms also recently commented on EVER. Needham & Company LLC upped their price objective on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. cut their price objective on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Craig Hallum lifted their price objective on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $28.50.

EverQuote Stock Up 5.9 %

EverQuote stock opened at $19.08 on Tuesday. The company has a market capitalization of $669.40 million, a P/E ratio of 56.12 and a beta of 1.06. The firm has a 50 day moving average price of $20.55 and a 200-day moving average price of $21.79. EverQuote has a twelve month low of $7.95 and a twelve month high of $28.09.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. The business had revenue of $144.53 million during the quarter, compared to the consensus estimate of $140.30 million. During the same period last year, the business posted ($0.40) earnings per share. The business’s revenue for the quarter was up 162.7% on a year-over-year basis. Equities analysts expect that EverQuote will post 0.57 EPS for the current fiscal year.

Insider Buying and Selling

In other EverQuote news, Director George R. Neble sold 2,500 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the transaction, the director now directly owns 54,970 shares of the company’s stock, valued at $1,067,517.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CTO David Brainard sold 3,164 shares of the firm’s stock in a transaction that occurred 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $19.42, for a total transaction of $48,550.00. Following the completion of the transaction, the director now directly owns 54,970 shares of the company’s stock, valued at approximately $1,067,517.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,270 shares of company stock valued at $431,011. Company insiders own 29.79% of the company’s stock.

Institutional Trading of EverQuote

Hedge funds have recently made changes to their positions in the stock. Gladius Capital Management LP purchased a new position in shares of EverQuote in the 3rd quarter worth about $26,000. Empower Advisory Group LLC purchased a new stake in EverQuote in the third quarter worth approximately $262,000. Victory Capital Management Inc. grew its position in EverQuote by 97.3% during the third quarter. Victory Capital Management Inc. now owns 29,019 shares of the company’s stock valued at $612,000 after acquiring an additional 14,311 shares during the last quarter. Versor Investments LP bought a new position in EverQuote during the third quarter valued at approximately $327,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of EverQuote during the third quarter worth approximately $1,223,000. 91.54% of the stock is 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.