EverQuote, Inc. (NASDAQ:EVER) Receives Consensus Rating of "Buy" from Brokerages

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) has been assigned an average rating of "Buy" from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $32.50.

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

EverQuote Stock Up 3.6%

Shares of EVER stock traded up $0.81 during mid-day trading on Friday, reaching $23.40. 561,966 shares of the company's stock traded hands, compared to its average volume of 552,189. EverQuote has a 12 month low of $16.63 and a 12 month high of $30.03. The company has a market cap of $835.94 million, a P/E ratio of 68.82 and a beta of 0.45. The company's 50-day moving average price is $23.93 and its 200-day moving average price is $21.81.

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

Insider Transactions at EverQuote

In related news, major shareholder Ventures Lllp Link sold 1,022 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $28.75, for a total value of $29,382.50. Following the transaction, the insider now directly owns 3,498,667 shares of the company's stock, valued at approximately $100,586,676.25. This trade represents a 0.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jon Ayotte sold 7,647 shares of EverQuote stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $25.72, for a total value of $196,680.84. Following the transaction, the chief accounting officer now owns 58,045 shares in the company, valued at $1,492,917.40. This trade represents a 11.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 206,924 shares of company stock worth $5,601,873 in the last quarter. Company insiders own 29.79% of the company's stock.

Institutional Trading of EverQuote

Hedge funds and other institutional investors have recently bought and sold shares of the stock. R Squared Ltd bought a new position in shares of EverQuote during the 4th quarter valued at approximately $34,000. KLP Kapitalforvaltning AS purchased a new position in EverQuote during the fourth quarter valued at approximately $90,000. Asset Management One Co. Ltd. lifted its holdings in EverQuote by 80.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock valued at $90,000 after purchasing an additional 2,042 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of EverQuote in the first quarter worth approximately $157,000. Finally, AlphaQuest LLC increased its stake in shares of EverQuote by 53.9% in the fourth quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock worth $154,000 after purchasing an additional 2,698 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.

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.