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

Key Points

• Analysts maintain a “Moderate Buy” consensus on EverQuote, with six buys, one hold and one sell among eight analysts. The average 12-month price target is $28.17, with recent targets ranging from $28 to $34.
• EverQuote shares rose 7.2% to $27.05, near the average analyst target, after the company reported quarterly EPS of $0.53 and revenue of $195.09 million—both slightly above estimates. Revenue increased 24.6% year over year.
• Institutional investors own 91.54% of the stock, while insiders own 23.68%; however, insiders sold 36,424 shares worth approximately $854,506 over the past 90 days.

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $28.1667.

Several research analysts have recently issued reports on the company. Needham & Company LLC increased their target price on EverQuote from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Raymond James Financial restated an "outperform" rating and issued a $28.00 price objective on shares of EverQuote in a report on Thursday, August 13th. Wall Street Zen downgraded shares of EverQuote from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings reissued a "hold (c)" rating on shares of EverQuote in a research report on Wednesday, August 12th. Finally, B. Riley Financial restated a "buy" rating and issued a $34.00 price target (up from $30.00) on shares of EverQuote in a research note on Tuesday, August 4th.

Insider Buying and Selling

In other EverQuote news, CFO Joseph Sanborn sold 6,667 shares of the business's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $25.51, for a total value of $170,075.17. Following the sale, the chief financial officer directly owned 305,241 shares of the company's stock, valued at approximately $7,786,697.91. The trade was a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO David Brainard sold 4,960 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $25.51, for a total value of $126,529.60. Following the completion of the sale, the chief technology officer directly owned 165,336 shares in the company, valued at approximately $4,217,721.36. This represents a 2.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 36,424 shares of company stock valued at $854,506. 23.68% of the stock is owned by insiders.

Institutional Investors Weigh In On EverQuote

Several large investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in EverQuote by 1,705.9% in the first quarter. Royal Bank of Canada now owns 65,428 shares of the company's stock worth $1,713,000 after purchasing an additional 61,805 shares during the last quarter. Amundi purchased a new stake in EverQuote during the 1st quarter valued at $290,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 valued at $393,000 after buying an additional 624 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of 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 valued at $8,896,000 after buying an additional 292,172 shares during the period. Finally, Creative Planning boosted its stake in shares of EverQuote by 32.4% in the 2nd quarter. Creative Planning now owns 10,526 shares of the company's stock worth $255,000 after buying an additional 2,576 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

EverQuote Stock Up 7.2%

Shares of EverQuote stock traded up $1.81 during trading on Monday, reaching $27.05. 125,480 shares of the stock were exchanged, compared to its average volume of 842,314. The firm has a market cap of $974.65 million, a price-to-earnings ratio of 8.81 and a beta of 0.62. EverQuote has a 1 year low of $13.88 and a 1 year high of $28.73. The stock's fifty day moving average is $24.26 and its 200 day moving average is $19.53.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $191.06 million. During the same quarter in the previous year, the business earned $0.39 EPS. EverQuote's revenue was up 24.6% compared to the same quarter last year. Equities analysts forecast that EverQuote will post 1.72 earnings per share for the current year.

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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