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

EverQuote, Inc. (NASDAQ:EVER) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $23.8333.

EVER has been the subject of a number of analyst reports. Wall Street Zen raised EverQuote from a “buy” rating to a “strong-buy” rating in a report on Monday, March 16th. Needham & Company LLC lowered their target price on EverQuote from $40.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Zacks Research cut shares of EverQuote from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of EverQuote in a research report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of EverQuote from $32.00 to $22.00 and set an “overweight” rating for the company in a report on Tuesday, February 24th.

Insider Transactions at EverQuote

In other EverQuote news, CAO Jon Ayotte sold 1,730 shares of EverQuote stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $15.56, for a total value of $26,918.80. Following the transaction, the chief accounting officer owned 86,202 shares in the company, valued at approximately $1,341,303.12. The trade was a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO David Brainard sold 5,709 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $25.05, for a total value of $143,010.45. Following the completion of the transaction, the chief technology officer directly owned 101,603 shares in the company, valued at $2,545,155.15. This represents a 5.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,889 shares of company stock worth $847,054 over the last 90 days. 25.52% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On EverQuote

Several large investors have recently modified their holdings of the stock. Comerica Bank raised its position in shares of EverQuote by 235.4% during the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after purchasing an additional 772 shares during the period. Versant Capital Management Inc boosted its position in shares of EverQuote by 108.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock valued at $26,000 after purchasing an additional 601 shares during the period. NewEdge Advisors LLC acquired a new position in shares of EverQuote in the 3rd quarter valued at $52,000. Clearstead Advisors LLC increased its stake in EverQuote by 70.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after purchasing an additional 826 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in EverQuote by 595.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock worth $62,000 after purchasing an additional 2,246 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

EverQuote Trading Down 2.5%

EVER traded down $0.40 during trading on Friday, hitting $15.50. 73,796 shares of the company’s stock were exchanged, compared to its average volume of 902,021. The stock has a 50 day moving average price of $17.84 and a 200 day moving average price of $22.13. EverQuote has a 1 year low of $13.93 and a 1 year high of $28.73. The firm has a market cap of $558.36 million, a P/E ratio of 5.87 and a beta of 0.54.

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

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.