EverQuote (NASDAQ:EVER) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of EverQuote (NASDAQ:EVER) from a hold rating to a buy rating in a research note published on Saturday,Wall Street Zen reports.

EVER has been the topic of a number of other research reports. Weiss Ratings upgraded shares of EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. JPMorgan Chase & Co. initiated coverage on shares of EverQuote in a research note on Monday, August 24th. They issued an “overweight” rating and a $29.00 price target for the company. Raymond James Financial reissued an “outperform” rating and set a $28.00 price target on shares of EverQuote in a research report on Thursday, August 13th. B. Riley Financial reissued a “buy” rating and set a $34.00 price objective (up from $30.00) on shares of EverQuote in a research note on Tuesday, August 4th. Finally, Zacks Research cut shares of EverQuote from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.17.

EverQuote Stock Performance

EVER stock opened at $24.03 on Friday. EverQuote has a fifty-two week low of $13.88 and a fifty-two week high of $28.73. The business’s 50 day moving average price is $25.15 and its two-hundred day moving average price is $20.57. The company has a market capitalization of $865.80 million, a price-to-earnings ratio of 7.80 and a beta of 0.67.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.The company had revenue of $195.09 million during the quarter, compared to analysts’ expectations of $191.06 million. During the same quarter last year, the business posted $0.39 EPS. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. Sell-side analysts forecast that EverQuote will post 1.72 earnings per share for the current year.

Insiders Place Their Bets

In other news, CTO David Brainard sold 1,097 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $26.47, for a total transaction of $29,037.59. Following the completion of the transaction, the chief technology officer directly owned 163,030 shares in the company, valued at $4,315,404.10. This trade represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Shields sold 3,126 shares of EverQuote stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $26.39, for a total value of $82,495.14. Following the completion of the transaction, the director directly owned 31,198 shares of the company’s stock, valued at approximately $823,315.22. This represents a 9.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 42,043 shares of company stock valued at $1,058,112. Company insiders own 23.68% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System raised its stake in shares of EverQuote by 2,495.5% in the second quarter. California State Teachers Retirement System now owns 727,593 shares of the company’s stock worth $17,309,000 after purchasing an additional 699,560 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of EverQuote by 28.9% during the first quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock valued at $14,517,000 after buying an additional 211,360 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in EverQuote by 47.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock worth $13,412,000 after buying an additional 293,160 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in EverQuote by 1.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 743,869 shares of the company’s stock worth $11,470,000 after buying an additional 13,276 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in EverQuote by 37.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company’s stock worth $10,728,000 after buying an additional 190,438 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

About EverQuote

EverQuote, Inc (NASDAQ: EVER) operates an online insurance marketplace that connects consumers with insurance providers and agents. The company uses data, technology and digital marketing to help shoppers compare insurance options and connect with providers that may be able to meet their coverage needs.

EverQuote’s marketplace has primarily focused on auto insurance and has also supported shopping for home, renters, life, health and commercial insurance products. Its platform provides insurance companies and agencies with consumer leads and customer-acquisition solutions designed to help them reach prospective policyholders.

Founded in 2011 and headquartered in Cambridge, Massachusetts, EverQuote serves consumers and insurance providers in the United States.