EverQuote (NASDAQ:EVER - Get Free Report) had its price target raised by analysts at JPMorgan Chase & Co. from $29.00 to $30.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 29.31% from the company's previous close.
A number of other brokerages also recently weighed in on EVER. Canaccord Genuity Group dropped their target price on shares of 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 reaffirmed a "buy" rating and set a $38.00 price objective on shares of EverQuote in a report on Tuesday. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $32.50.
Check Out Our Latest Research Report on EverQuote
EverQuote Price Performance
Shares of NASDAQ:EVER traded up $0.07 during trading on Tuesday, reaching $23.20. The stock had a trading volume of 69,590 shares, compared to its average volume of 548,857. The stock has a market capitalization of $828.80 million, a PE ratio of 68.24 and a beta of 0.45. EverQuote has a 52 week low of $16.63 and a 52 week high of $30.03. The business's 50-day moving average price is $24.54 and its 200 day moving average price is $21.30.
EverQuote (NASDAQ:EVER - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. Analysts forecast that EverQuote will post 0.72 EPS for the current year.
Insiders Place Their Bets
In other EverQuote news, CEO Jayme Mendal sold 14,360 shares of EverQuote stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $21.36, for a total transaction of $306,729.60. Following the transaction, the chief executive officer now directly owns 587,509 shares in the company, valued at approximately $12,549,192.24. The trade was a 2.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $28.75, for a total value of $29,382.50. Following the completion of the transaction, the insider now owns 3,498,667 shares of the company's stock, valued at $100,586,676.25. This represents a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 193,967 shares of company stock valued at $5,278,231. Company insiders own 29.79% of the company's stock.
Institutional Investors Weigh In On EverQuote
Several institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new stake in shares of EverQuote in the 4th quarter valued at about $34,000. Asset Management One Co. Ltd. raised its position in EverQuote by 80.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company's stock valued at $90,000 after buying an additional 2,042 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in EverQuote in the 4th quarter valued at approximately $90,000. AlphaQuest LLC lifted its stake in EverQuote by 53.9% in the 4th quarter. AlphaQuest LLC now owns 7,704 shares of the company's stock valued at $154,000 after acquiring an additional 2,698 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in EverQuote during the 1st quarter worth approximately $157,000. 91.54% of the stock is owned by institutional investors.
About EverQuote
(
Get Free Report)
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.
See Also
Before you consider EverQuote, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EverQuote wasn't on the list.
While EverQuote currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for May 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
