Wall Street Zen lowered shares of EverQuote (NASDAQ:EVER – Free Report) from a buy rating to a hold rating in a report published on Sunday morning,Wall Street Zen reports.
Several other brokerages also recently weighed in on EVER. Zacks Research downgraded EverQuote from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Weiss Ratings raised EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. B. Riley Financial reiterated a “buy” rating and set a $34.00 price target (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. Raymond James Financial reiterated an “outperform” rating and set a $28.00 price target on shares of EverQuote in a report on Thursday, August 13th. Finally, Needham & Company LLC increased their price objective on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, EverQuote currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.17.
Get Our Latest Analysis on EVER
EverQuote Stock Performance
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 the consensus estimate of $0.52 by $0.01. The firm had revenue of $195.09 million for the quarter, compared to the consensus estimate of $191.06 million. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. As a group, research analysts predict that EverQuote will post 1.72 earnings per share for the current year.
Insider Buying and Selling at EverQuote
In related news, CAO Jon Ayotte sold 1,436 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $26.47, for a total value of $38,010.92. Following the completion of the transaction, the chief accounting officer directly owned 74,272 shares in the company, valued at approximately $1,965,979.84. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mira Wilczek sold 9,500 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $25.07, for a total value of $238,165.00. Following the completion of the transaction, the director directly owned 110,353 shares of the company’s stock, valued at approximately $2,766,549.71. This trade represents a 7.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 63,024 shares of company stock valued at $1,567,321 in the last quarter. 23.68% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new stake in shares of EverQuote in the 2nd quarter valued at approximately $55,000. IFP Advisors Inc boosted its stake in EverQuote by 100.1% in the 2nd quarter. IFP Advisors Inc now owns 3,219 shares of the company’s stock valued at $77,000 after buying an additional 1,610 shares in the last quarter. Squarepoint Ops LLC bought a new stake in EverQuote in the second quarter valued at $2,889,000. Allworth Financial LP grew its position in EverQuote by 63.7% in the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $61,000 after acquiring an additional 997 shares during the period. Finally, Corient Private Wealth LP raised its stake in EverQuote by 85.4% during the second quarter. Corient Private Wealth LP now owns 79,174 shares of the company’s stock worth $1,884,000 after acquiring an additional 36,461 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.
EverQuote Company Profile
EverQuote, Inc (NASDAQ: EVER) operates an online insurance marketplace that connects consumers with insurance providers and agents. The company uses data, technology and digital marketing to help shoppers compare insurance options and connect with providers that may be able to meet their coverage needs.
EverQuote’s marketplace has primarily focused on auto insurance and has also supported shopping for home, renters, life, health and commercial insurance products. Its platform provides insurance companies and agencies with consumer leads and customer-acquisition solutions designed to help them reach prospective policyholders.
Founded in 2011 and headquartered in Cambridge, Massachusetts, EverQuote serves consumers and insurance providers in the United States.
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