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

EverQuote, Inc. (NASDAQ:EVERGet Rating) has been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $18.33.

Separately, Needham & Company LLC decreased their target price on EverQuote from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, August 2nd.

EverQuote Stock Down 4.6 %

Shares of NASDAQ EVER opened at $7.43 on Thursday. The business has a fifty day simple moving average of $9.68 and a two-hundred day simple moving average of $11.10. The firm has a market cap of $235.58 million, a PE ratio of -9.53 and a beta of 1.23. EverQuote has a twelve month low of $7.34 and a twelve month high of $20.75.

EverQuote (NASDAQ:EVERGet Rating) last issued its earnings results on Monday, August 1st. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.35. The business had revenue of $101.92 million during the quarter, compared to analyst estimates of $94.77 million. EverQuote had a negative return on equity of 24.45% and a negative net margin of 5.50%. EverQuote’s revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) EPS. On average, research analysts expect that EverQuote will post -1.14 earnings per share for the current year.

Insider Activity

In other news, CTO David Brainard sold 3,752 shares of EverQuote stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $10.05, for a total value of $37,707.60. Following the transaction, the chief technology officer now directly owns 120,589 shares in the company, valued at approximately $1,211,919.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 8,377 shares of company stock worth $82,234. 41.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. grew its stake in EverQuote by 398.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,992 shares of the company’s stock worth $48,000 after buying an additional 2,392 shares during the last quarter. Amalgamated Bank purchased a new position in EverQuote during the 1st quarter worth $52,000. Ensign Peak Advisors Inc purchased a new position in EverQuote during the 1st quarter worth $80,000. First Horizon Advisors Inc. purchased a new position in EverQuote during the 2nd quarter worth $43,000. Finally, Eaton Vance Management purchased a new stake in EverQuote during the 4th quarter valued at about $78,000. 53.40% of the stock is currently owned by hedge funds and other institutional investors.

EverQuote Company Profile

(Get Rating)

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company's online marketplace offers consumers shopping for auto, home and renters, life, and health insurance. It 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.

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Analyst Recommendations for EverQuote (NASDAQ:EVER)

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