EverQuote, Inc. (NASDAQ:EVER) Given Average Rating of “Moderate Buy” by Brokerages

Shares of EverQuote, Inc. (NASDAQ:EVER) have received an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $28.1667.

A number of research analysts have commented on EVER shares. Wall Street Zen upgraded EverQuote from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. Raymond James Financial reaffirmed an “outperform” rating and issued a $28.00 price objective on shares of EverQuote in a research note on Thursday, August 13th. Weiss Ratings raised EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. B. Riley Financial reaffirmed a “buy” rating and issued a $34.00 target price (up from $30.00) on shares of EverQuote in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. initiated coverage on shares of EverQuote in a research note on Monday, August 24th. They set an “overweight” rating and a $29.00 price target on the stock.

Insider Buying and Selling

In other news, CAO Jon Ayotte sold 1,436 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $26.47, for a total transaction of $38,010.92. Following the completion of the transaction, the chief accounting officer directly owned 74,272 shares of the company’s stock, valued at approximately $1,965,979.84. This represents a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mira Wilczek sold 9,500 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $25.07, for a total transaction of $238,165.00. Following the completion of the transaction, the director owned 110,353 shares in the company, valued at $2,766,549.71. This represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 63,024 shares of company stock worth $1,567,321 over the last ninety days. Company insiders own 23.68% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of EverQuote by 47.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock worth $13,412,000 after purchasing an additional 293,160 shares during the period. Jacobs Asset Management LLC raised its stake in shares of EverQuote by 199.9% in the 1st quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock valued at $6,219,000 after acquiring an additional 268,819 shares during the period. Renaissance Technologies LLC raised its holdings in shares of EverQuote by 28.9% during the 1st 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 period. Dimensional Fund Advisors LP increased its stake in EverQuote by 37.7% during 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 period. Finally, OP Asset Management Ltd acquired a new position in shares of EverQuote in the 1st quarter valued at approximately $2,410,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

EverQuote Stock Down 0.2%

Shares of EVER traded down $0.04 during midday trading on Friday, reaching $22.85. The company had a trading volume of 74,301 shares, compared to its average volume of 816,216. EverQuote has a 1-year low of $13.88 and a 1-year high of $28.73. The stock has a market cap of $823.29 million, a PE ratio of 7.43 and a beta of 0.67. The firm has a 50 day simple moving average of $25.07 and a 200-day simple moving average of $20.72.

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

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.