EverQuote (NASDAQ:EVER) Price Target Raised to $32.00 at JPMorgan Chase & Co.

by · The Cerbat Gem

EverQuote (NASDAQ:EVER – Get Free Report) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from $30.00 to $32.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 13.47% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Zacks Research raised shares of EverQuote from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Needham & Company LLC boosted their price objective on shares of EverQuote from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Wall Street Zen downgraded shares of EverQuote from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of EverQuote in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $34.25.

Get Our Latest Stock Report on EVER

EverQuote Stock Up 1.9%

Shares of EVER stock traded up $0.52 during mid-day trading on Friday, hitting $28.20. 205,803 shares of the company’s stock were exchanged, compared to its average volume of 522,121. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 19.74 and a beta of 0.46. EverQuote has a fifty-two week low of $16.63 and a fifty-two week high of $30.03. The stock has a 50-day simple moving average of $23.64 and a two-hundred day simple moving average of $23.97.

EverQuote (NASDAQ:EVER – Get Free Report) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.The firm had revenue of $173.94 million for the quarter, compared to analyst estimates of $166.09 million. During the same period last year, the company earned $0.31 EPS. The firm’s quarterly revenue was up 20.3% on a year-over-year basis. As a group, analysts anticipate that EverQuote will post 0.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Jon Ayotte sold 3,639 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $26.76, for a total transaction of $97,379.64. Following the completion of the transaction, the chief accounting officer directly owned 49,233 shares in the company, valued at approximately $1,317,475.08. This represents a 6.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO David Brainard sold 1,291 shares of EverQuote stock in a transaction on Friday, November 28th. The stock was sold at an average price of $26.40, for a total transaction of $34,082.40. Following the completion of the sale, the chief technology officer owned 112,661 shares of the company’s stock, valued at approximately $2,974,250.40. This trade represents a 1.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 58,833 shares of company stock valued at $1,341,247 over the last 90 days. 25.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On EverQuote

Hedge funds and other institutional investors have recently modified their holdings of the stock. Entropy Technologies LP acquired a new position in EverQuote in the first quarter valued at approximately $285,000. Cubist Systematic Strategies LLC grew its stake in shares of EverQuote by 14.3% in the first quarter. Cubist Systematic Strategies LLC now owns 348,572 shares of the company’s stock worth $9,129,000 after purchasing an additional 43,490 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of EverQuote by 358.7% during the first quarter. Russell Investments Group Ltd. now owns 70,000 shares of the company’s stock valued at $1,837,000 after purchasing an additional 54,741 shares during the period. Cetera Investment Advisers bought a new stake in shares of EverQuote during the first quarter valued at about $407,000. Finally, HighTower Advisors LLC acquired a new stake in EverQuote in the first quarter worth about $687,000. Institutional investors own 91.54% of the company’s stock.

EverQuote Company Profile

(Get Free Report)

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.

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