EverQuote (NASDAQ:EVER) Downgraded to Buy Rating by Wall Street Zen

Key Points

• EverQuote has been downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, amidst mixed reviews from other brokerages.
• The company's recent earnings report showed a 33.7% year-over-year revenue increase, though it slightly missed revenue expectations.
• Insiders at EverQuote have recently sold a significant amount of stock, with over 950,000 shares sold collectively in the last three months.

EverQuote (NASDAQ:EVER - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Friday.

Several other brokerages have also weighed in on EVER. Weiss Ratings reissued a "hold (c)" rating on shares of EverQuote in a report on Saturday, September 27th. Needham & Company LLC reiterated a "buy" rating and issued a $38.00 target price on shares of EverQuote in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, EverQuote presently has a consensus rating of "Buy" and a consensus price target of $32.40.

EverQuote Trading Up 0.4%

Shares of EVER stock traded up $0.08 during trading hours on Friday, hitting $22.27. 378,440 shares of the company were exchanged, compared to its average volume of 415,145. The stock has a market capitalization of $813.08 million, a price-to-earnings ratio of 17.96 and a beta of 0.58. The firm has a fifty day simple moving average of $23.75 and a 200 day simple moving average of $24.09. EverQuote has a 52-week low of $16.63 and a 52-week high of $30.03.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. EverQuote had a return on equity of 36.90% and a net margin of 7.57%.The business had revenue of $156.63 million for the quarter, compared to the consensus estimate of $157.19 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. EverQuote's revenue for the quarter was up 33.7% on a year-over-year basis. EverQuote has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that EverQuote will post 0.72 EPS for the current year.

Insider Activity

In other news, General Counsel Julia Brncic sold 1,808 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $24.31, for a total value of $43,952.48. Following the transaction, the general counsel owned 123,397 shares of the company's stock, valued at approximately $2,999,781.07. This represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John L. Shields sold 2,000 shares of the company's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $24.00, for a total value of $48,000.00. Following the completion of the transaction, the director owned 29,219 shares in the company, valued at $701,256. This represents a 6.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 959,250 shares of company stock worth $22,422,920. Company insiders own 25.52% of the company's stock.

Hedge Funds Weigh In On EverQuote

Institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its holdings in shares of EverQuote by 1,553.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 243,385 shares of the company's stock worth $6,464,000 after acquiring an additional 228,663 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in EverQuote during the first quarter valued at about $244,000. Entropy Technologies LP bought a new stake in EverQuote during the first quarter worth about $285,000. GAMMA Investing LLC boosted its holdings in shares of EverQuote by 3,600.0% in the 1st quarter. GAMMA Investing LLC now owns 8,695 shares of the company's stock worth $228,000 after purchasing an additional 8,460 shares in the last quarter. Finally, Emerald Advisers LLC bought a new position in shares of EverQuote during the 1st quarter valued at about $11,621,000. 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.

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