JPMorgan Chase & Co. Forecasts Strong Price Appreciation for EverQuote (NASDAQ:EVER) Stock

EverQuote (NASDAQ:EVER) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from $29.00 to $30.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 19.38% from the stock’s previous close.

Several other research firms also recently commented on EVER. Needham & Company LLC boosted their price target on shares of EverQuote from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday. Wall Street Zen cut shares of EverQuote from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of EverQuote in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $32.80.

EverQuote Trading Up 12.1%

EverQuote stock traded up $2.72 during trading on Tuesday, hitting $25.13. The company had a trading volume of 338,385 shares, compared to its average volume of 528,188. EverQuote has a 1-year low of $16.63 and a 1-year high of $30.03. The company’s 50 day simple moving average is $22.40 and its 200-day simple moving average is $23.53. The stock has a market cap of $917.50 million, a price-to-earnings ratio of 20.31 and a beta of 0.53.

EverQuote (NASDAQ:EVER) last posted 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 net margin of 7.57% and a return on equity of 36.90%. The firm had revenue of $173.94 million during the quarter, compared to the consensus estimate of $166.09 million. During the same quarter last year, the firm earned $0.31 EPS. The firm’s revenue for the quarter was up 20.3% on a year-over-year basis. EverQuote has set its Q4 2025 guidance at EPS. As a group, analysts forecast that EverQuote will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling at EverQuote

In other EverQuote news, CEO Jayme Mendal sold 14,360 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $24.53, for a total transaction of $352,250.80. Following the transaction, the chief executive officer directly owned 498,420 shares in the company, valued at approximately $12,226,242.60. This represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Ventures Lllp Link sold 900,000 shares of the company’s stock in a transaction dated Sunday, August 10th. The stock was sold at an average price of $23.33, for a total transaction of $20,997,000.00. Following the transaction, the insider owned 2,598,154 shares in the company, valued at $60,614,932.82. The trade was a 25.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 958,113 shares of company stock valued at $22,295,496. Insiders own 25.52% of the company’s stock.

Institutional Trading of EverQuote

Several institutional investors and hedge funds have recently modified their holdings of the business. Nuveen LLC purchased a new position in shares of EverQuote during the first quarter valued at approximately $15,363,000. Emerald Advisers LLC purchased a new position in EverQuote during the first quarter worth approximately $11,621,000. Hennessy Advisors Inc. purchased a new position in EverQuote during the second quarter worth approximately $10,170,000. Emerald Mutual Fund Advisers Trust purchased a new position in EverQuote during the first quarter worth approximately $8,383,000. Finally, AQR Capital Management LLC raised its stake in EverQuote by 95.1% during the second quarter. AQR Capital Management LLC now owns 655,615 shares of the company’s stock worth $15,853,000 after purchasing an additional 319,618 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

About EverQuote

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.