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

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) has been assigned a consensus recommendation of "Buy" from the six brokerages that are currently 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 price objective among brokerages that have updated their coverage on the stock in the last year is $32.50.

A number of analysts have recently commented on the company. Canaccord Genuity Group dropped their price objective on EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a report on Monday, February 24th. Needham & Company LLC reaffirmed a "buy" rating and issued a $38.00 target price on shares of EverQuote in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. increased their target price on EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th.

EverQuote Price Performance

EVER traded down $0.36 during trading on Thursday, hitting $24.16. The company's stock had a trading volume of 675,695 shares, compared to its average volume of 548,732. The firm's 50 day moving average price is $23.82 and its 200-day moving average price is $22.49. The stock has a market cap of $863.00 million, a PE ratio of 23.69 and a beta of 0.33. EverQuote has a twelve month low of $16.63 and a twelve month high of $30.03.

Insider Buying and Selling

In other news, major shareholder Ventures Lllp Link sold 1,022 shares of EverQuote stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $28.75, for a total transaction of $29,382.50. Following the sale, the insider now directly owns 3,498,667 shares of the company's stock, valued at approximately $100,586,676.25. The trade was a 0.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $20.93, for a total value of $41,860.00. Following the completion of the transaction, the director now owns 26,515 shares of the company's stock, valued at $554,958.95. This trade represents a 7.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,165 shares of company stock valued at $1,311,176. 29.79% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On EverQuote

Hedge funds have recently bought and sold shares of the company. Asset Management One Co. Ltd. boosted its stake in EverQuote by 80.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock valued at $90,000 after acquiring an additional 2,042 shares during the period. Rhumbline Advisers boosted its position in shares of EverQuote by 4.0% during the fourth quarter. Rhumbline Advisers now owns 34,899 shares of the company's stock worth $698,000 after buying an additional 1,332 shares during the period. Ieq Capital LLC acquired a new position in shares of EverQuote during the fourth quarter worth approximately $341,000. Bank of New York Mellon Corp boosted its position in shares of EverQuote by 12.0% during the fourth 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 during the period. Finally, Los Angeles Capital Management LLC boosted its position in shares of EverQuote by 183.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 164,466 shares of the company's stock worth $3,288,000 after buying an additional 106,492 shares during the period. 91.54% of the stock is currently 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.