Shares of EverQuote, Inc. (NASDAQ:EVER - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $20.86 and last traded at $20.82, with a volume of 195475 shares. The stock had previously closed at $20.17.
Wall Street Analyst Weigh In
A number of brokerages recently commented on EVER. JPMorgan Chase & Co. upped their target price on EverQuote from $13.00 to $25.00 and gave the company an "overweight" rating in a research report on Tuesday, February 27th. Needham & Company LLC upped their target price on EverQuote from $15.00 to $25.00 and gave the company a "buy" rating in a research report on Tuesday, February 27th. Finally, B. Riley began coverage on EverQuote in a research report on Friday, April 19th. They issued a "buy" rating and a $24.00 target price on the stock. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, EverQuote presently has a consensus rating of "Buy" and a consensus target price of $20.60.
Get Our Latest Analysis on EverQuote
EverQuote Price Performance
The company has a market capitalization of $699.32 million, a price-to-earnings ratio of -13.27 and a beta of 0.90. The stock has a fifty day simple moving average of $18.10 and a 200-day simple moving average of $13.36.
EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.31) by $0.12. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. The company had revenue of $55.71 million during the quarter, compared to the consensus estimate of $49.89 million. As a group, equities analysts expect that EverQuote, Inc. will post -0.42 EPS for the current fiscal year.
Insider Buying and Selling at EverQuote
In other EverQuote news, Director David B. Blundin sold 89,177 shares of the business's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $15.00, for a total value of $1,337,655.00. Following the completion of the transaction, the director now directly owns 802,589 shares of the company's stock, valued at $12,038,835. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director David B. Blundin sold 89,177 shares of the company's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $15.00, for a total transaction of $1,337,655.00. Following the completion of the transaction, the director now directly owns 802,589 shares of the company's stock, valued at approximately $12,038,835. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Ventures Lllp Link sold 2,573 shares of the company's stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $20.48, for a total value of $52,695.04. Following the transaction, the insider now directly owns 1,562,990 shares of the company's stock, valued at $32,010,035.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 432,709 shares of company stock valued at $7,658,766. 38.46% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new position in shares of EverQuote during the 4th quarter worth approximately $40,000. Asset Management One Co. Ltd. acquired a new position in EverQuote in the 4th quarter valued at $66,000. Tower Research Capital LLC TRC raised its stake in EverQuote by 446.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company's stock valued at $63,000 after purchasing an additional 4,215 shares during the last quarter. First Horizon Advisors Inc. raised its stake in EverQuote by 52.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 5,755 shares of the company's stock valued at $42,000 after purchasing an additional 1,981 shares during the last quarter. Finally, Gilbert & Cook Inc. acquired a new position in EverQuote in the 3rd quarter valued at $85,000. 91.54% of the stock is owned by institutional investors and hedge funds.
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
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
