EverQuote, Inc. (NASDAQ:EVER) Stock Has Average Price Target of $30.00

EverQuote, Inc. (NASDAQ:EVER) has been given an average rating of “Moderate Buy” by the ten analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $30.00.

EVER has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on EverQuote from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday. Cantor Fitzgerald reissued an “overweight” rating on shares of EverQuote in a report on Tuesday. Weiss Ratings raised shares of EverQuote from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Canaccord Genuity Group boosted their target price on shares of EverQuote from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, B. Riley Financial reiterated a “buy” rating and issued a $35.00 price target (up from $34.00) on shares of EverQuote in a research note on Tuesday.

EverQuote Trading Down 4.9%

Shares of NASDAQ EVER traded down $1.50 during midday trading on Friday, reaching $28.82. The company’s stock had a trading volume of 737,201 shares, compared to its average volume of 547,370. EverQuote has a fifty-two week low of $13.88 and a fifty-two week high of $31.20. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 9.39 and a beta of 0.82. The stock has a 50 day simple moving average of $22.61 and a 200-day simple moving average of $20.62.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, November 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. EverQuote had a net margin of 14.23% and a return on equity of 47.68%. The firm had revenue of $218.08 million for the quarter, compared to analyst estimates of $205.12 million. During the same period in the previous year, the business earned $0.50 EPS. The company’s revenue was up 25.4% compared to the same quarter last year. As a group, equities analysts anticipate that EverQuote will post 1.72 EPS for the current year.

Insider Buying and Selling

In related news, Director Mira Wilczek sold 9,500 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $25.07, for a total value of $238,165.00. Following the completion of the sale, the director directly owned 110,353 shares in the company, valued at approximately $2,766,549.71. This trade represents a 7.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director George Neble sold 1,593 shares of EverQuote stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $20.83, for a total value of $33,182.19. Following the transaction, the director owned 56,547 shares of the company’s stock, valued at $1,177,874.01. The trade was a 2.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 96,662 shares of company stock worth $2,231,849 in the last 90 days. 23.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EverQuote

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its holdings in EverQuote by 31.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,869,798 shares of the company’s stock valued at $37,359,000 after purchasing an additional 442,473 shares during the last quarter. Jacobs Asset Management LLC lifted its stake in shares of EverQuote by 199.9% during the 1st quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock worth $6,219,000 after buying an additional 268,819 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of EverQuote by 28.9% during the 1st quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock worth $14,517,000 after buying an additional 211,360 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of EverQuote by 37.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company’s stock worth $10,728,000 after buying an additional 190,438 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in EverQuote in the 2nd quarter valued at about $2,889,000. Institutional investors own 91.54% of the company’s stock.

About EverQuote

EverQuote, Inc operates an online marketplace that connects consumers seeking insurance with insurance providers and distribution partners. The company uses technology, data, and digital marketing to help consumers compare insurance options and obtain quotes.

Its platform has primarily focused on auto insurance, while also supporting other insurance categories, including home and renters insurance. EverQuote generates business by providing insurance carriers and agents with consumer referrals and opportunities to reach people who are actively shopping for coverage.

Founded in 2010 and headquartered in Cambridge, Massachusetts, EverQuote serves the United States insurance market.