B. Riley Begins Coverage on EverQuote (NASDAQ:EVER)

B. Riley began coverage on shares of EverQuote (NASDAQ:EVER) in a research report released on Friday, Marketbeat reports. The firm issued a buy rating and a $24.00 price objective on the stock.

Several other research firms have also issued reports on EVER. JPMorgan Chase & Co. raised their price target on shares of EverQuote from $13.00 to $25.00 and gave the stock an overweight rating in a report on Tuesday, February 27th. Needham & Company LLC boosted their target price on shares of EverQuote from $15.00 to $25.00 and gave the company a buy rating in a report on Tuesday, February 27th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, EverQuote currently has a consensus rating of Buy and a consensus target price of $20.60.

EverQuote Trading Up 0.8 %

Shares of EverQuote stock opened at $18.53 on Friday. The firm’s 50 day moving average is $17.54 and its 200 day moving average is $12.83. The firm has a market capitalization of $634.28 million, a PE ratio of -12.03 and a beta of 0.90. EverQuote has a 1 year low of $5.36 and a 1 year high of $20.74.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, February 26th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.12. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. The business had revenue of $55.71 million during the quarter, compared to analyst estimates of $49.89 million. As a group, research analysts anticipate that EverQuote will post -0.43 earnings per share for the current year.

Insider Buying and Selling at EverQuote

In other EverQuote news, major shareholder Ventures Lllp Link sold 10,422 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $15.43, for a total value of $160,811.46. Following the completion of the sale, the insider now owns 1,858,407 shares of the company’s stock, valued at $28,675,220.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other EverQuote news, major shareholder Ventures Lllp Link sold 10,422 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $15.43, for a total value of $160,811.46. Following the transaction, the insider now directly owns 1,858,407 shares of the company’s stock, valued at $28,675,220.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jon Ayotte sold 2,638 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $16.37, for a total transaction of $43,184.06. Following the sale, the chief accounting officer now directly owns 59,687 shares of the company’s stock, valued at $977,076.19. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 432,709 shares of company stock valued at $7,658,766. Corporate insiders own 38.46% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Raymond James & Associates increased its stake in EverQuote by 69.3% in the 3rd quarter. Raymond James & Associates now owns 44,704 shares of the company’s stock valued at $323,000 after buying an additional 18,295 shares during the last quarter. First Horizon Advisors Inc. grew its stake in EverQuote by 52.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 5,755 shares of the company’s stock valued at $42,000 after purchasing an additional 1,981 shares during the period. Gilbert & Cook Inc. purchased a new stake in shares of EverQuote during the 3rd quarter valued at $85,000. New York State Common Retirement Fund raised its stake in shares of EverQuote by 15.6% during the 3rd quarter. New York State Common Retirement Fund now owns 42,213 shares of the company’s stock worth $305,000 after purchasing an additional 5,684 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in shares of EverQuote by 9.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 554,504 shares of the company’s stock worth $4,009,000 after buying an additional 45,813 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

EverQuote Company Profile

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.