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

EverQuote, Inc. (NASDAQ:EVER) has earned an average recommendation of “Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $32.17.

EVER has been the topic of several analyst reports. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a research report on Thursday, December 26th. B. Riley decreased their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. dropped their price objective on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th.

Insiders Place Their Bets

In other EverQuote news, CTO David Brainard sold 14,590 shares of EverQuote stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $17.44, for a total transaction of $254,449.60. Following the transaction, the chief technology officer now owns 137,291 shares of the company’s stock, valued at $2,394,355.04. The trade was a 9.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director George R. Neble sold 2,500 shares of the 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 sale, the director now directly owns 54,970 shares of the company’s stock, valued at $1,067,517.40. This trade represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,024 shares of company stock worth $954,796 over the last ninety days. 29.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EVER. Charles Schwab Investment Management Inc. grew its position in EverQuote by 255.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock worth $5,072,000 after acquiring an additional 172,785 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of EverQuote by 636.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock valued at $2,209,000 after purchasing an additional 90,500 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in EverQuote during the second quarter worth $782,000. Emerald Advisers LLC raised its holdings in EverQuote by 165.8% during the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after buying an additional 399,257 shares in the last quarter. Finally, Inspire Investing LLC bought a new position in EverQuote during the second quarter valued at about $842,000. 91.54% of the stock is owned by institutional investors and hedge funds.

EverQuote Stock Performance

Shares of EverQuote stock opened at $19.99 on Thursday. The firm has a market cap of $706.67 million, a PE ratio of 58.79 and a beta of 0.96. The firm’s 50-day simple moving average is $18.57 and its 200-day simple moving average is $20.78. EverQuote has a 1 year low of $10.21 and a 1 year high of $28.09.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, November 4th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The company had revenue of $144.53 million during the quarter, compared to the consensus estimate of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. EverQuote’s quarterly revenue was up 162.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.40) earnings per share. On average, equities analysts predict that EverQuote will post 0.72 earnings per share for the current year.

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.