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

EverQuote, Inc. (NASDAQ:EVER) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $23.8333.

EVER has been the topic of several research analyst reports. B. Riley Financial lowered their price target on shares of EverQuote from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EverQuote in a research report on Thursday, January 22nd. Needham & Company LLC lowered their target price on EverQuote from $40.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. JPMorgan Chase & Co. dropped their price target on EverQuote from $32.00 to $22.00 and set an “overweight” rating for the company in a report on Tuesday, February 24th. Finally, Wall Street Zen upgraded EverQuote from a “buy” rating to a “strong-buy” rating in a research note on Monday, March 16th.

EverQuote Price Performance

NASDAQ:EVER opened at $15.18 on Friday. The company has a market cap of $546.94 million, a P/E ratio of 5.75 and a beta of 0.62. The firm’s fifty day moving average price is $16.92 and its two-hundred day moving average price is $21.83. EverQuote has a one year low of $13.93 and a one year high of $28.73.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, February 23rd. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $1.19. The company had revenue of $195.32 million during the quarter, compared to analysts’ expectations of $176.82 million. EverQuote had a net margin of 14.34% and a return on equity of 57.65%. EverQuote’s quarterly revenue was up 32.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS. As a group, equities research analysts expect that EverQuote will post 0.72 earnings per share for the current year.

Insider Transactions at EverQuote

In other news, CAO Jon Ayotte sold 1,730 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $15.56, for a total value of $26,918.80. Following the completion of the sale, the chief accounting officer owned 86,202 shares of the company’s stock, valued at approximately $1,341,303.12. The trade was a 1.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO David Brainard sold 5,709 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $25.05, for a total transaction of $143,010.45. Following the completion of the transaction, the chief technology officer owned 101,603 shares in the company, valued at $2,545,155.15. This trade represents a 5.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 41,539 shares of company stock worth $856,427 over the last ninety days. Corporate insiders own 25.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. raised its position in shares of EverQuote by 25.8% in the second quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock valued at $68,000 after buying an additional 573 shares in the last quarter. Versant Capital Management Inc grew its position in EverQuote by 108.9% during the third quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock worth $26,000 after buying an additional 601 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in EverQuote by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock worth $393,000 after acquiring an additional 624 shares during the period. Cetera Investment Advisers increased its stake in EverQuote by 4.3% during the 2nd quarter. Cetera Investment Advisers now owns 16,204 shares of the company’s stock worth $392,000 after acquiring an additional 675 shares during the period. Finally, Comerica Bank raised its holdings in EverQuote by 235.4% in the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after acquiring an additional 772 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

About EverQuote

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.