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

Shares of EverQuote, Inc. (NASDAQ:EVER - Get Free Report) have earned a consensus recommendation of "Buy" from the six brokerages that are currently covering the stock, 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 12-month price target among brokers that have updated their coverage on the stock in the last year is $32.50.

EVER has been the topic of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $38.00 target price on shares of EverQuote in a research report on Tuesday, May 6th. JPMorgan Chase & Co. upped their price objective on EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Finally, Canaccord Genuity Group cut their price objective on EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, February 24th.

Insider Transactions at EverQuote

In related news, Director David B. Blundin sold 77,600 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $28.67, for a total transaction of $2,224,792.00. Following the completion of the transaction, the director now owns 97,920 shares in the company, valued at approximately $2,807,366.40. The trade was a 44.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jayme Mendal sold 65,117 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $28.07, for a total transaction of $1,827,834.19. Following the transaction, the chief executive officer now owns 619,156 shares of the company's stock, valued at approximately $17,379,708.92. The trade was a 9.52% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 198,330 shares of company stock valued at $5,376,526. 29.79% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On EverQuote

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

EverQuote Price Performance

Shares of EVER stock traded down $0.14 during trading on Friday, hitting $23.12. 338,478 shares of the stock traded hands, compared to its average volume of 552,880. The firm has a market capitalization of $825.94 million, a P/E ratio of 68.00 and a beta of 0.45. The firm's fifty day moving average price is $23.60 and its 200-day moving average price is $21.84. EverQuote has a 52-week low of $16.63 and a 52-week high of $30.03.

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

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.