Brokerages Set EverQuote, Inc. (NASDAQ:EVER) Target Price at $32.50

Shares of EverQuote, Inc. (NASDAQ:EVER - Get Free Report) have earned a consensus rating of "Buy" from the six ratings firms that are currently covering the firm, Marketbeat Ratings 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 twelve-month price target among brokerages that have issued a report on the stock in the last year is $32.50.

A number of research analysts have issued reports on the company. Canaccord Genuity Group decreased their target price on EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Needham & Company LLC reiterated a "buy" rating and issued a $38.00 price objective 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 note on Tuesday, May 6th.

Insider Buying and Selling

In related news, major shareholder Ventures Lllp Link sold 1,022 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $28.75, for a total transaction of $29,382.50. Following the completion of the transaction, the insider now owns 3,498,667 shares in the company, valued at approximately $100,586,676.25. This represents a 0.03% decrease in their ownership of the stock. The sale 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 EverQuote stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $26.29, for a total transaction of $27,946.27. Following the completion of the sale, the chief financial officer now owns 270,865 shares in the company, valued at $7,121,040.85. The trade was a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 132,765 shares of company stock worth $3,535,968. 29.79% of the stock is owned by corporate insiders.

Institutional Trading of EverQuote

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Divisadero Street Capital Management LP bought a new position in EverQuote in the fourth quarter valued at approximately $12,311,000. Nuveen LLC acquired a new stake in shares of EverQuote in the 1st quarter valued at approximately $15,363,000. Freestone Grove Partners LP bought a new position in shares of EverQuote in the fourth quarter valued at $11,618,000. Emerald Advisers LLC acquired a new position in EverQuote during the first quarter worth $11,621,000. Finally, Point72 Asset Management L.P. increased its holdings in EverQuote by 2,301.4% during the fourth quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company's stock worth $9,216,000 after buying an additional 441,815 shares during the last quarter. Institutional investors own 91.54% of the company's stock.

EverQuote Trading Down 0.1%

Shares of EVER stock traded down $0.03 on Thursday, hitting $24.52. The stock had a trading volume of 552,879 shares, compared to its average volume of 547,530. EverQuote has a twelve month low of $16.63 and a twelve month high of $30.03. The company has a fifty day moving average price of $23.68 and a two-hundred day moving average price of $22.39. The firm has a market cap of $875.95 million, a P/E ratio of 24.04 and a beta of 0.33.

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.