EverQuote, Inc. (NASDAQ:EVER) Receives Average Recommendation of "Buy" from Analysts

Shares of EverQuote, Inc. (NASDAQ:EVER - Get Free Report) have earned a consensus rating of "Buy" from the six analysts that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $32.50.

EVER has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Needham & Company LLC reiterated a "buy" rating and issued a $38.00 price target on shares of EverQuote in a report on Tuesday, May 6th.

EverQuote Price Performance

Shares of EverQuote stock traded up $0.23 during trading on Monday, reaching $24.59. 258,290 shares of the company traded hands, compared to its average volume of 560,603. The firm has a market capitalization of $878.35 million, a PE ratio of 24.11 and a beta of 0.34. The company has a 50 day moving average price of $24.19 and a 200-day moving average price of $23.18. EverQuote has a 1-year low of $16.63 and a 1-year high of $30.03.

Insider Activity

In other EverQuote news, General Counsel Julia Brncic sold 1,808 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $24.31, for a total value of $43,952.48. Following the completion of the transaction, the general counsel directly owned 123,397 shares in the company, valued at $2,999,781.07. This represents a 1.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO David Brainard sold 6,609 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $23.54, for a total transaction of $155,575.86. Following the completion of the sale, the chief technology officer directly owned 142,665 shares of the company's stock, valued at approximately $3,358,334.10. This trade represents a 4.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 61,162 shares of company stock valued at $1,425,777 over the last quarter. 29.79% of the stock is owned by insiders.

Institutional Trading of EverQuote

Hedge funds have recently modified their holdings of the business. KLP Kapitalforvaltning AS acquired a new position in EverQuote in the 4th quarter valued at approximately $90,000. AlphaQuest LLC grew its position 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 during the period. FNY Investment Advisers LLC acquired a new position in EverQuote in the 1st quarter worth $157,000. Tower Research Capital LLC TRC raised its holdings in EverQuote by 23.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company's stock worth $179,000 after acquiring an additional 1,724 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of EverQuote in the fourth quarter valued at $180,000. 91.54% of the stock is owned by institutional investors and hedge funds.

About EverQuote

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.