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

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

A number of equities research analysts have recently weighed in on EVER shares. Zacks Research upgraded EverQuote from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. boosted their target price on shares of EverQuote from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Wall Street Zen downgraded shares of EverQuote from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EverQuote in a report on Wednesday, October 8th. Finally, Needham & Company LLC boosted their price objective on shares of EverQuote from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th.

EverQuote Stock Down 1.5%

Shares of NASDAQ:EVER opened at $24.76 on Friday. The company has a market capitalization of $890.37 million, a price-to-earnings ratio of 17.31 and a beta of 0.46. The company has a 50 day moving average of $26.23 and a two-hundred day moving average of $24.33. EverQuote has a 52-week low of $17.35 and a 52-week high of $30.03.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, November 3rd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.13. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.The company had revenue of $173.94 million during the quarter, compared to the consensus estimate of $166.09 million. During the same period last year, the firm earned $0.31 earnings per share. The company’s revenue was up 20.3% on a year-over-year basis. On average, equities analysts anticipate that EverQuote will post 0.72 earnings per share for the current year.

Insider Activity

In other news, Director John L. Shields sold 2,000 shares of the business’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $25.73, for a total value of $51,460.00. Following the sale, the director owned 25,219 shares of the company’s stock, valued at approximately $648,884.87. The trade was a 7.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jayme Mendal sold 14,360 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $27.25, for a total transaction of $391,310.00. Following the transaction, 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 59,507 shares of company stock worth $1,427,263 over the last ninety days. 25.52% of the stock is owned by company insiders.

Institutional Trading of EverQuote

A number of hedge funds have recently made changes to their positions in EVER. Comerica Bank raised its position in EverQuote by 235.4% during the third 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. Versant Capital Management Inc grew its position in EverQuote by 108.9% in the third quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock worth $26,000 after acquiring an additional 601 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of EverQuote during the 3rd quarter worth $52,000. Jones Financial Companies Lllp raised its holdings in shares of EverQuote by 595.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock valued at $62,000 after purchasing an additional 2,246 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of EverQuote by 25.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock valued at $68,000 after purchasing an additional 573 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

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.