EverQuote, Inc. (NASDAQ:EVER) Receives Average Recommendation of “Buy” from Brokerages

Shares of EverQuote, Inc. (NASDAQ:EVER) have earned a consensus recommendation of “Buy” from the five research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $34.00.

Several equities analysts have recently weighed in on the company. Needham & Company LLC lifted their price objective on EverQuote from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. lifted their price target on shares of EverQuote from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. Zacks Research raised shares of EverQuote from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of EverQuote in a research note on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of EverQuote from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st.

Insider Buying and Selling

In other news, CAO Jon Ayotte sold 3,639 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $26.76, for a total value of $97,379.64. Following the completion of the sale, the chief accounting officer owned 49,233 shares of the company’s stock, valued at $1,317,475.08. This represents a 6.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jayme Mendal sold 14,360 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $27.25, for a total value of $391,310.00. Following the completion of the sale, the chief executive officer owned 438,052 shares of the company’s stock, valued at approximately $11,936,917. This trade represents a 3.17% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 59,507 shares of company stock worth $1,494,612. Company insiders own 25.52% of the company’s stock.

Institutional Trading of EverQuote

Hedge funds have recently made changes to their positions in the company. Balyasny Asset Management L.P. lifted its position in shares of EverQuote by 110.7% during the third quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company’s stock worth $15,720,000 after purchasing an additional 361,082 shares in the last quarter. AQR Capital Management LLC lifted its holdings in EverQuote by 95.1% in the 2nd quarter. AQR Capital Management LLC now owns 655,615 shares of the company’s stock worth $15,853,000 after buying an additional 319,618 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in EverQuote by 615.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock valued at $8,896,000 after buying an additional 292,172 shares during the last quarter. Lazard Asset Management LLC boosted its position in EverQuote by 138.2% in the 3rd quarter. Lazard Asset Management LLC now owns 495,970 shares of the company’s stock valued at $11,343,000 after buying an additional 287,756 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of EverQuote by 1,100.6% during the fourth quarter. SG Americas Securities LLC now owns 244,937 shares of the company’s stock valued at $6,613,000 after acquiring an additional 224,535 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Stock Down 4.7%

EVER stock opened at $18.18 on Thursday. The company has a market cap of $653.75 million, a price-to-earnings ratio of 12.71 and a beta of 0.50. The business has a fifty day simple moving average of $25.60 and a 200-day simple moving average of $24.17. EverQuote has a 52 week low of $17.94 and a 52 week high of $30.03.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. The firm had revenue of $173.94 million during the quarter, compared to the consensus estimate of $166.09 million. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.The firm’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share. As a group, analysts expect that EverQuote will post 0.72 earnings per share for the current fiscal year.

EverQuote Company Profile

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.