EverQuote, Inc. (NASDAQ:EVER) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• EverQuote has a consensus “Moderate Buy” rating from eight analysts, with six buy ratings, one hold, one sell, and an average 12-month price target of $28.17.
• The stock recently traded at $22.85, while the company reported quarterly EPS of $0.53 and revenue of $195.09 million, exceeding estimates; revenue rose 24.6% year over year.
• Insiders sold 63,024 shares worth approximately $1.57 million during the last quarter, while institutional investors and hedge funds own a substantial 91.54% of the company.

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) has received a consensus rating of "Moderate Buy" from the eight research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $28.1667.

EVER has been the subject of a number of research analyst reports. Raymond James Financial reaffirmed an "outperform" rating and set a $28.00 price objective on shares of EverQuote in a report on Thursday, August 13th. Wall Street Zen raised shares of EverQuote from a "hold" rating to a "buy" rating in a report on Saturday, September 12th. Zacks Research cut shares of EverQuote from a "hold" rating to a "strong sell" rating in a research note on Friday, August 7th. JPMorgan Chase & Co. assumed coverage on shares of EverQuote in a report on Monday, August 24th. They issued an "overweight" rating and a $29.00 price target on the stock. Finally, Weiss Ratings upgraded shares of EverQuote from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 26th.

EverQuote Stock Performance

Shares of EVER traded down $0.04 during trading hours on Friday, hitting $22.85. The company had a trading volume of 74,301 shares, compared to its average volume of 816,216. The firm has a fifty day moving average price of $25.07 and a 200-day moving average price of $20.72. The stock has a market capitalization of $823.29 million, a price-to-earnings ratio of 7.43 and a beta of 0.67. EverQuote has a 52-week low of $13.88 and a 52-week high of $28.73.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly 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 firm had revenue of $195.09 million during the quarter, compared to analyst estimates of $191.06 million. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The business's revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 earnings per share. Research analysts anticipate that EverQuote will post 1.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director John Shields sold 3,126 shares of the firm'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 sale, the director directly owned 31,198 shares of the company's stock, valued at approximately $823,315.22. This trade represents a 9.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jayme Mendal sold 20,981 shares of the company's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $24.27, for a total transaction of $509,208.87. Following the completion of the transaction, the chief executive officer owned 591,160 shares in the company, valued at approximately $14,347,453.20. The trade was a 3.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 63,024 shares of company stock valued at $1,567,321. 23.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On EverQuote

Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its holdings in shares of EverQuote by 28.9% during 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 during 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 raised its stake in EverQuote by 1.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 743,869 shares of the company's stock valued at $11,470,000 after purchasing an additional 13,276 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in EverQuote by 37.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company's stock worth $10,728,000 after purchasing an additional 190,438 shares during the last quarter. Finally, Jacobs Asset Management LLC grew its holdings in shares of EverQuote by 199.9% during the first quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company's stock worth $6,219,000 after buying an additional 268,819 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

About EverQuote

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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