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

Key Points

• EverQuote received a “Moderate Buy” consensus rating from eight analysts, with six buys and two holds. The average 12-month price target is $28.17, above the reported share price of $20.56.
• The company reported quarterly EPS of $0.53, narrowly beating estimates, while revenue of $195.09 million rose 24.6% year over year and exceeded expectations.
• Insiders sold 72,283 shares worth approximately $1.66 million over the past 90 days, while institutional investors and hedge funds own 91.54% of EverQuote’s stock.

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $28.17.

EVER has been the topic of a number of recent analyst reports. Zacks Research raised shares of EverQuote from a "strong sell" rating to a "hold" rating in a research report on Friday, October 2nd. B. Riley Financial reaffirmed a "buy" rating and set a $34.00 price objective (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. JPMorgan Chase & Co. began coverage on shares of EverQuote in a research note on Monday, August 24th. They issued an "overweight" rating and a $29.00 target price on the stock. Weiss Ratings upgraded shares of EverQuote from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 26th. Finally, Wall Street Zen downgraded shares of EverQuote from a "buy" rating to a "hold" rating in a report on Sunday, September 20th.

Insider Activity at EverQuote

In other news, CFO Joseph Sanborn sold 6,667 shares of EverQuote stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $25.51, for a total transaction of $170,075.17. Following the sale, the chief financial officer directly owned 305,241 shares in the company, valued at approximately $7,786,697.91. The trade was a 2.14% 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, Director John Shields sold 3,126 shares of the company's stock in a transaction dated Tuesday, August 25th. The shares were 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 in the company, valued at approximately $823,315.22. The trade was a 9.11% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 72,283 shares of company stock worth $1,659,616. Insiders own 23.68% of the company's stock.

Hedge Funds Weigh In On EverQuote

A number of hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its holdings in shares of EverQuote by 28.9% during the 1st quarter. Renaissance Technologies LLC now owns 941,467 shares of the company's stock valued at $14,517,000 after purchasing an additional 211,360 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of EverQuote by 47.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company's stock valued at $13,412,000 after purchasing an additional 293,160 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in EverQuote by 1.8% during the 1st 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 holdings 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 buying an additional 190,438 shares during the period. Finally, Jacobs Asset Management LLC raised its holdings in EverQuote by 199.9% during the 1st 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 during the period. 91.54% of the stock is owned by institutional investors and hedge funds.

EverQuote Stock Performance

Shares of NASDAQ:EVER traded up $0.45 during mid-day trading on Tuesday, hitting $20.56. The stock had a trading volume of 24,730 shares, compared to its average volume of 835,515. The company's 50 day moving average is $23.03 and its 200-day moving average is $21.16. The company has a market cap of $740.78 million, a PE ratio of 6.68 and a beta of 0.68. EverQuote has a 12-month low of $13.88 and a 12-month high of $28.73.

EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings data 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 net margin of 15.16% and a return on equity of 50.29%. The firm had revenue of $195.09 million for the quarter, compared to analyst estimates of $191.06 million. During the same quarter in the prior year, the business earned $0.39 EPS. The company's revenue for the quarter was up 24.6% compared to the same quarter last year. On average, equities research analysts predict that EverQuote will post 1.72 EPS for the current fiscal year.

About EverQuote

EverQuote, Inc operates an online marketplace that helps consumers compare insurance options and connect with insurance providers. Its platform uses data, digital marketing and technology to match consumers seeking coverage with insurers and other insurance-related providers.

The company has primarily focused on auto insurance, while also supporting shopping and customer acquisition activities for additional property and casualty insurance products, including home and renters coverage.

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