EverQuote (NASDAQ:EVER) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• EverQuote receives a "Hold (C)" rating from Weiss Ratings, while the consensus rating from multiple analysts is a "Buy" with an average price target of $32.40.
• The company's stock opened at $22.27 and has a market capitalization of $813.08 million with a twelve-month low of $16.63 and a high of $30.03.
• EverQuote reported quarterly earnings of $0.39 per share, surpassing estimates, and its revenue increased by 33.7% compared to the previous year.

EverQuote (NASDAQ:EVER - Get Free Report)'s stock had its "hold (c)" rating reiterated by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other analysts have also commented on EVER. Needham & Company LLC reissued a "buy" rating and set a $38.00 price target on shares of EverQuote in a research note on Tuesday, August 5th. Wall Street Zen lowered EverQuote from a "strong-buy" rating to a "buy" rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $32.40.

EverQuote Stock Up 0.2%

NASDAQ:EVER opened at $22.27 on Wednesday. The stock's 50-day simple moving average is $23.61 and its 200 day simple moving average is $23.97. The firm has a market capitalization of $813.08 million, a PE ratio of 17.96 and a beta of 0.58. EverQuote has a twelve month low of $16.63 and a twelve month high of $30.03.

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

Insider Buying and Selling

In related news, CEO Jayme Mendal sold 14,360 shares of EverQuote stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $24.53, for a total value of $352,250.80. Following the transaction, the chief executive officer directly owned 498,420 shares of the company's stock, valued at $12,226,242.60. The trade was a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Shields sold 2,000 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $24.30, for a total value of $48,600.00. Following the completion of the transaction, the director directly owned 31,219 shares in the company, valued at approximately $758,621.70. This trade represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 951,732 shares of company stock valued at $22,238,673 over the last 90 days. 25.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EverQuote

Several institutional investors have recently added to or reduced their stakes in the business. State of Wyoming lifted its stake in EverQuote by 107.1% in the second quarter. State of Wyoming now owns 16,058 shares of the company's stock valued at $388,000 after buying an additional 8,306 shares during the period. Tower Research Capital LLC TRC lifted its stake in EverQuote by 271.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company's stock valued at $79,000 after buying an additional 2,381 shares during the period. State of Tennessee Department of Treasury acquired a new position in EverQuote in the second quarter valued at approximately $153,000. Man Group plc bought a new stake in shares of EverQuote during the second quarter valued at approximately $1,110,000. Finally, Lazard Asset Management LLC increased its holdings in shares of EverQuote by 31.8% during the second quarter. Lazard Asset Management LLC now owns 208,214 shares of the company's stock valued at $5,033,000 after acquiring an additional 50,190 shares in the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

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.

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