EverQuote, Inc. (NASDAQ:EVER – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $24.1667.
EVER has been the subject of a number of research analyst reports. Canaccord Genuity Group decreased their price objective on shares of EverQuote from $33.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Zacks Research cut EverQuote from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price target on shares of EverQuote in a research report on Tuesday, May 5th. B. Riley Financial dropped their price target on EverQuote from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. upped their price target on EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th.
Get Our Latest Stock Report on EVER
EverQuote Stock Performance
EverQuote (NASDAQ:EVER – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The business had revenue of $190.85 million during the quarter, compared to the consensus estimate of $180.10 million. During the same quarter last year, the company posted $0.21 earnings per share. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, analysts forecast that EverQuote will post 2.06 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, CTO David Brainard sold 9,942 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $19.42, for a total transaction of $193,073.64. Following the transaction, the chief technology officer owned 180,493 shares of the company’s stock, valued at $3,505,174.06. This represents a 5.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joseph Sanborn sold 20,000 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $20.70, for a total value of $414,000.00. Following the transaction, the chief financial officer directly owned 337,660 shares in the company, valued at $6,989,562. This represents a 5.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 35,148 shares of company stock worth $700,735 in the last ninety days. Insiders own 23.68% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in EVER. Royal Bank of Canada lifted its position in shares of EverQuote by 1,705.9% during the 1st quarter. Royal Bank of Canada now owns 65,428 shares of the company’s stock valued at $1,713,000 after buying an additional 61,805 shares during the last quarter. Amundi purchased a new stake in EverQuote during the 1st quarter worth about $290,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in EverQuote by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock worth $393,000 after purchasing an additional 624 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in EverQuote by 615.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock worth $8,896,000 after purchasing an additional 292,172 shares in the last quarter. Finally, Creative Planning lifted its holdings in EverQuote by 32.4% during the 2nd quarter. Creative Planning now owns 10,526 shares of the company’s stock worth $255,000 after purchasing an additional 2,576 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.
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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