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

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) has received an average rating of "Buy" from the six ratings firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $32.33.

A number of analysts have weighed in on the stock. Needham & Company LLC raised their price objective on shares of EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price target on shares of EverQuote from $25.00 to $29.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Finally, Canaccord Genuity Group decreased their price objective on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, February 24th.

EverQuote Stock Up 2.2 %

Shares of EverQuote stock opened at $23.73 on Wednesday. EverQuote has a 52-week low of $16.63 and a 52-week high of $30.03. The company has a 50 day moving average of $24.50 and a 200 day moving average of $21.06. The company has a market capitalization of $847.73 million, a P/E ratio of 69.79 and a beta of 0.77.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company had revenue of $147.46 million during the quarter, compared to the consensus estimate of $133.83 million. As a group, research analysts anticipate that EverQuote will post 0.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other EverQuote news, CTO David Brainard sold 6,609 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $21.49, for a total value of $142,027.41. Following the transaction, the chief technology officer now directly owns 156,783 shares of the company's stock, valued at approximately $3,369,266.67. The trade was a 4.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jon Ayotte sold 7,647 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $25.72, for a total transaction of $196,680.84. Following the completion of the sale, the chief accounting officer now owns 58,045 shares of the company's stock, valued at $1,492,917.40. This trade represents a 11.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 193,967 shares of company stock valued at $5,278,231. Insiders own 29.79% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EVER. Envestnet Asset Management Inc. purchased a new stake in shares of EverQuote during the 1st quarter worth $983,000. Concurrent Investment Advisors LLC purchased a new stake in EverQuote during the first quarter worth about $244,000. Strategic Blueprint LLC acquired a new position in EverQuote during the first quarter worth about $245,000. Calamos Advisors LLC purchased a new position in EverQuote in the first quarter valued at about $1,179,000. Finally, Lisanti Capital Growth LLC acquired a new stake in shares of EverQuote during the 1st quarter valued at approximately $2,846,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

EverQuote Company Profile

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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