EverQuote (NASDAQ:EVER) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen lowered shares of EverQuote (NASDAQ:EVER) from a strong-buy rating to a buy rating in a research note published on Friday.

A number of other brokerages have also issued reports on EVER. Weiss Ratings reissued a “hold (c)” rating on shares of EverQuote in a research report on Saturday, September 27th. Needham & Company LLC reissued a “buy” rating and issued a $38.00 target price on shares of EverQuote in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $32.40.

EverQuote Price Performance

NASDAQ:EVER opened at $22.27 on Friday. EverQuote has a fifty-two week low of $16.63 and a fifty-two week high of $30.03. The stock has a market capitalization of $813.08 million, a PE ratio of 17.96 and a beta of 0.58. The business’s 50-day simple moving average is $23.75 and its 200-day simple moving average is $24.09.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, August 4th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. EverQuote had a return on equity of 36.90% and a net margin of 7.57%.The business had revenue of $156.63 million for the quarter, compared to analysts’ expectations of $157.19 million. During the same quarter in the previous year, the business posted $0.17 EPS. EverQuote’s revenue for the quarter was up 33.7% on a year-over-year basis. EverQuote has set its Q3 2025 guidance at EPS. On average, research analysts expect that EverQuote will post 0.72 earnings per share for the current year.

Insider Activity

In other EverQuote news, major shareholder Ventures Lllp Link sold 900,000 shares of the business’s stock in a transaction that occurred on Sunday, August 10th. The stock was sold at an average price of $23.33, for a total transaction of $20,997,000.00. Following the transaction, the insider owned 2,598,154 shares of the company’s stock, valued at $60,614,932.82. The trade was a 25.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Julia Brncic sold 1,808 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $24.31, for a total value of $43,952.48. Following the transaction, the general counsel directly owned 123,397 shares in the company, valued at $2,999,781.07. This trade represents a 1.44% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 959,250 shares of company stock worth $22,422,920. Corporate insiders own 25.52% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EVER. Linden Thomas Advisory Services LLC boosted its stake in EverQuote by 5.5% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 8,684 shares of the company’s stock valued at $210,000 after purchasing an additional 453 shares during the period. Ameritas Investment Partners Inc. boosted its stake in EverQuote by 25.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock valued at $68,000 after purchasing an additional 573 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of EverQuote by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock valued at $393,000 after acquiring an additional 624 shares during the period. Cetera Investment Advisers lifted its position in shares of EverQuote by 4.3% during the 2nd quarter. Cetera Investment Advisers now owns 16,204 shares of the company’s stock valued at $392,000 after acquiring an additional 675 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its position in shares of EverQuote by 7.5% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,004 shares of the company’s stock valued at $242,000 after acquiring an additional 695 shares during the period. Institutional investors and hedge funds 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.