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

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) has received a consensus rating of "Buy" from the six research firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $32.50.

Several research analysts have recently issued reports on EVER shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $38.00 price objective on shares of EverQuote in a research note on Tuesday, May 6th. JPMorgan Chase & Co. upped their price objective on EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th.

EverQuote Trading Up 0.7%

NASDAQ EVER traded up $0.18 during trading on Monday, hitting $24.69. 266,908 shares of the company's stock were exchanged, compared to its average volume of 543,410. The company has a market cap of $881.93 million, a PE ratio of 24.21 and a beta of 0.34. EverQuote has a fifty-two week low of $16.63 and a fifty-two week high of $30.03. The stock's 50 day moving average price is $24.25 and its two-hundred day moving average price is $23.26.

Insider Buying and Selling

In other EverQuote news, Director John L. Shields sold 2,000 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $24.30, for a total transaction of $48,600.00. Following the completion of the sale, the director owned 31,219 shares of the company's stock, valued at approximately $758,621.70. This represents a 6.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Joseph Sanborn sold 1,063 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $24.13, for a total transaction of $25,650.19. Following the sale, the chief financial officer directly owned 261,390 shares of the company's stock, valued at $6,307,340.70. This represents a 0.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,162 shares of company stock valued at $1,474,377 over the last three months. Insiders own 29.79% of the company's stock.

Institutional Trading of EverQuote

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of EverQuote by 12.0% during the 4th quarter. Bank of New York Mellon Corp now owns 69,348 shares of the company's stock worth $1,386,000 after buying an additional 7,412 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of EverQuote by 28.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 309,344 shares of the company's stock worth $6,184,000 after buying an additional 68,862 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of EverQuote by 119.2% during the 4th quarter. Victory Capital Management Inc. now owns 63,613 shares of the company's stock worth $1,272,000 after buying an additional 34,594 shares in the last quarter. AlphaQuest LLC boosted its holdings in shares of EverQuote by 53.9% during the 4th quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock worth $154,000 after buying an additional 2,698 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of EverQuote by 47.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 154,372 shares of the company's stock worth $3,086,000 after buying an additional 49,643 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

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.