EverQuote (NASDAQ:EVER) Price Target Cut to $25.00 by Analysts at Needham & Company LLC

EverQuote (NASDAQ:EVERGet Free Report) had its price objective decreased by analysts at Needham & Company LLC from $40.00 to $25.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price target points to a potential upside of 63.19% from the company’s previous close.

Several other research analysts have also recently commented on EVER. Raymond James Financial restated an “outperform” rating and issued a $18.00 target price on shares of EverQuote in a research report on Tuesday, February 17th. Zacks Research raised EverQuote from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. lifted their target price on EverQuote from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of EverQuote in a research report on Thursday, January 22nd. Finally, Wall Street Zen cut shares of EverQuote from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, EverQuote has an average rating of “Buy” and a consensus price target of $25.00.

Read Our Latest Research Report on EVER

EverQuote Stock Down 1.1%

Shares of EVER stock opened at $15.32 on Tuesday. The company has a market cap of $550.91 million, a P/E ratio of 10.71 and a beta of 0.50. The business has a 50 day moving average of $22.54 and a two-hundred day moving average of $23.30. EverQuote has a 52 week low of $13.93 and a 52 week high of $30.03.

EverQuote (NASDAQ:EVERGet Free Report) last issued its earnings results on Monday, February 23rd. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $0.35 by $1.19. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.The firm had revenue of $195.32 million for the quarter, compared to analyst estimates of $176.82 million. During the same period last year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 32.3% on a year-over-year basis. Analysts expect that EverQuote will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling at EverQuote

In related news, CEO Jayme Mendal sold 14,360 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $24.15, for a total transaction of $346,794.00. Following the completion of the sale, the chief executive officer directly owned 406,404 shares in the company, valued at approximately $9,814,656.60. This trade represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $25.73, for a total transaction of $51,460.00. Following the completion of the transaction, the director owned 25,219 shares in the company, valued at approximately $648,884.87. This trade represents a 7.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 43,768 shares of company stock worth $1,122,957. Company insiders own 25.52% of the company’s stock.

Hedge Funds Weigh In On EverQuote

A number of hedge funds have recently modified their holdings of the stock. Comerica Bank boosted its position in shares of 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 purchasing an additional 772 shares during the period. Versant Capital Management Inc boosted its holdings in shares of 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 buying an additional 601 shares during the period. NewEdge Advisors LLC acquired a new position in shares of EverQuote in the third quarter worth about $52,000. Clearstead Advisors LLC increased its position in shares of EverQuote by 70.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after acquiring an additional 826 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of EverQuote by 595.8% during the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock valued at $62,000 after acquiring an additional 2,246 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

EverQuote News Summary

Here are the key news stories impacting EverQuote this week:

About EverQuote

(Get Free Report)

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.

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Analyst Recommendations for EverQuote (NASDAQ:EVER)

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