EverQuote, Inc. (NASDAQ:EVER) Given Consensus Recommendation of “Moderate Buy” by Brokerages

EverQuote, Inc. (NASDAQ:EVERGet Free Report) has received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $24.1667.

A number of equities research analysts have recently issued reports on EVER shares. JPMorgan Chase & Co. boosted their price objective on shares of EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Wall Street Zen cut EverQuote from a “buy” rating to a “hold” rating in a research report on Saturday. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of EverQuote in a research report on Tuesday, May 5th. Finally, Weiss Ratings upgraded EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th.

Read Our Latest Report on EVER

Insider Activity at EverQuote

In other EverQuote news, CTO David Brainard sold 9,942 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $19.42, for a total value of $193,073.64. Following the sale, the chief technology officer owned 180,493 shares in the company, valued at $3,505,174.06. The trade was a 5.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jon Ayotte sold 4,611 shares of EverQuote stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $24.15, for a total value of $111,355.65. Following the completion of the sale, the chief accounting officer directly owned 74,580 shares in the company, valued at $1,801,107. This trade represents a 5.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 45,775 shares of company stock valued at $931,238. 23.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of EverQuote by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 2,221,494 shares of the company’s stock valued at $59,980,000 after acquiring an additional 20,156 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of EverQuote by 28.9% in the 1st quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock valued at $14,517,000 after purchasing an additional 211,360 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of EverQuote by 47.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock valued at $13,412,000 after purchasing an additional 293,160 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of EverQuote by 81.7% in the 4th quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock worth $24,333,000 after purchasing an additional 405,237 shares during the period. Finally, Balyasny Asset Management L.P. increased its position in shares of EverQuote by 27.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 875,702 shares of the company’s stock valued at $23,644,000 after purchasing an additional 188,335 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

EverQuote Stock Performance

EVER stock remained flat at $24.86 during trading on Friday. The company’s stock had a trading volume of 465,103 shares, compared to its average volume of 715,527. The company has a market capitalization of $895.71 million, a price-to-earnings ratio of 8.46 and a beta of 0.61. The firm’s 50 day moving average is $19.67 and its 200 day moving average is $19.62. EverQuote has a 52 week low of $13.88 and a 52 week high of $28.73.

EverQuote (NASDAQ:EVERGet Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.43 by $0.08. The firm had revenue of $190.85 million during the quarter, compared to analyst estimates of $180.10 million. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS. Research analysts predict that EverQuote will post 1.99 EPS for the current fiscal year.

About EverQuote

(Get Free Report)

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.

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Analyst Recommendations for EverQuote (NASDAQ:EVER)

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