EverQuote, Inc. (NASDAQ:EVER) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

by · The Markets Daily

EverQuote, Inc. (NASDAQ:EVER – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $28.17.

EVER has been the subject of several recent research reports. JPMorgan Chase & Co. started coverage on shares of EverQuote in a report on Monday, August 24th. They set an “overweight” rating and a $29.00 target price for the company. Wall Street Zen downgraded shares of EverQuote from a “buy” rating to a “hold” rating in a report on Sunday, September 20th. Raymond James Financial restated an “outperform” rating and set a $28.00 price target on shares of EverQuote in a research report on Thursday, August 13th. Zacks Research downgraded shares of EverQuote from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised shares of EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th.

Check Out Our Latest Stock Analysis on EverQuote

EverQuote Stock Up 2.4%

Shares of EVER opened at $18.06 on Friday. The company has a market capitalization of $650.70 million, a price-to-earnings ratio of 5.86 and a beta of 0.67. EverQuote has a 52 week low of $13.88 and a 52 week high of $28.73. The stock’s 50-day moving average price is $24.54 and its 200-day moving average price is $20.85.

EverQuote (NASDAQ:EVER – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.The company had revenue of $195.09 million during the quarter, compared to analysts’ expectations of $191.06 million. During the same period last year, the business earned $0.39 earnings per share. EverQuote’s quarterly revenue was up 24.6% on a year-over-year basis. As a group, equities analysts anticipate that EverQuote will post 1.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Shields sold 3,126 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $26.39, for a total transaction of $82,495.14. Following the completion of the transaction, the director directly owned 31,198 shares of the company’s stock, valued at $823,315.22. This represents a 9.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Jon Ayotte sold 1,436 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $26.47, for a total value of $38,010.92. Following the transaction, the chief accounting officer owned 74,272 shares in the company, valued at $1,965,979.84. This trade represents a 1.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 63,024 shares of company stock valued at $1,567,321. 23.68% of the stock is owned by insiders.

Institutional Trading of EverQuote

Several institutional investors have recently modified their holdings of EVER. Renaissance Technologies LLC lifted its position in shares of EverQuote by 28.9% in the first quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock valued at $14,517,000 after acquiring an additional 211,360 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of EverQuote by 47.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock worth $13,412,000 after purchasing an additional 293,160 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of EverQuote by 1.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 743,869 shares of the company’s stock worth $11,470,000 after purchasing an additional 13,276 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in EverQuote by 37.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company’s stock valued at $10,728,000 after purchasing an additional 190,438 shares during the last quarter. Finally, Jacobs Asset Management LLC raised its stake in EverQuote by 199.9% in the 1st quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock valued at $6,219,000 after purchasing an additional 268,819 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

EverQuote Company Profile

(Get Free Report)

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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