Shares of EverQuote, Inc. (NASDAQ:EVER – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $28.1667.
EVER has been the subject of a number of analyst reports. Needham & Company LLC upped their price target on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Raymond James Financial reiterated an “outperform” rating and set a $28.00 price objective on shares of EverQuote in a research note on Thursday, August 13th. JPMorgan Chase & Co. started coverage on shares of EverQuote in a report on Monday. They issued an “overweight” rating and a $29.00 target price for the company. B. Riley Financial restated a “buy” rating and set a $34.00 target price (up from $30.00) on shares of EverQuote in a research note on Tuesday, August 4th. Finally, Zacks Research downgraded shares of EverQuote from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th.
Read Our Latest Research Report on EVER
Insider Activity
Institutional Trading of EverQuote
Several institutional investors have recently made changes to their positions in EVER. Vanguard Group Inc. raised its stake in EverQuote by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 2,221,494 shares of the company’s stock valued at $59,980,000 after purchasing an additional 20,156 shares during the period. Renaissance Technologies LLC boosted its stake in EverQuote by 28.9% in the 1st quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock worth $14,517,000 after purchasing an additional 211,360 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in EverQuote by 47.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock valued at $13,412,000 after buying an additional 293,160 shares in the last quarter. Lazard Asset Management LLC grew its holdings in EverQuote by 81.7% during the 4th quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock valued at $24,333,000 after buying an additional 405,237 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of EverQuote by 27.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 875,702 shares of the company’s stock valued at $23,644,000 after buying an additional 188,335 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.
EverQuote Trading Up 7.2%
NASDAQ EVER traded up $1.81 during trading hours on Monday, hitting $27.05. 125,480 shares of the company’s stock traded hands, compared to its average volume of 842,314. EverQuote has a 52 week low of $13.88 and a 52 week high of $28.73. The firm has a market capitalization of $974.65 million, a P/E ratio of 8.81 and a beta of 0.62. The business’s fifty day moving average price is $24.26 and its two-hundred day moving average price is $19.53.
EverQuote (NASDAQ:EVER – Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The company had revenue of $195.09 million for the quarter, compared to analysts’ expectations of $191.06 million. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.EverQuote’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. On average, sell-side analysts expect that EverQuote will post 1.72 EPS for the current fiscal year.
EverQuote Company Profile
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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