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

Shares of EverQuote, Inc. (NASDAQ:EVERGet 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

In other EverQuote news, CTO David Brainard sold 4,960 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $25.51, for a total value of $126,529.60. Following the completion of the sale, the chief technology officer owned 165,336 shares in the company, valued at approximately $4,217,721.36. This represents a 2.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director George R. Neble sold 2,456 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $24.64, for a total value of $60,515.84. Following the sale, the director directly owned 58,140 shares in the company, valued at approximately $1,432,569.60. This represents a 4.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 36,424 shares of company stock valued at $854,506 over the last 90 days. Company insiders own 23.68% of the company’s stock.

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:EVERGet 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

(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.

See Also

Analyst Recommendations for EverQuote (NASDAQ:EVER)

Receive News & Ratings for EverQuote Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EverQuote and related companies with MarketBeat.com's FREE daily email newsletter.