EverQuote (NASDAQ:EVER) Reaches New 52-Week High After Analyst Upgrade

EverQuote, Inc. (NASDAQ:EVER – Get Rating) shares reached a new 52-week high during mid-day trading on Wednesday after Oppenheimer raised their price target on the stock from $8.00 to $22.00. Oppenheimer currently has an outperform rating on the stock. EverQuote traded as high as $17.85 and last traded at $17.40, with a volume of 865 shares. The stock had previously closed at $16.80.

EVER has been the topic of several other reports. JPMorgan Chase & Co. raised shares of EverQuote from an “underweight” rating to an “overweight” rating and raised their target price for the stock from $8.00 to $15.00 in a research report on Tuesday, December 20th. B. Riley reissued a “neutral” rating and issued a $9.00 target price on shares of EverQuote in a research report on Thursday, September 22nd. Finally, Needham & Company LLC raised their target price on shares of EverQuote from $8.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, EverQuote currently has an average rating of “Moderate Buy” and an average target price of $18.00.

Insider Buying and Selling at EverQuote

In other EverQuote news, CTO David Brainard sold 3,605 shares of EverQuote stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $10.58, for a total transaction of $38,140.90. Following the transaction, the chief technology officer now directly owns 160,737 shares of the company’s stock, valued at $1,700,597.46. The sale was disclosed in a filing with the SEC, which is available at this link. In other EverQuote news, CFO John Brandon Wagner sold 12,000 shares of EverQuote stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $16.00, for a total transaction of $192,000.00. Following the transaction, the chief financial officer now directly owns 290,824 shares of the company’s stock, valued at $4,653,184. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO David Brainard sold 3,605 shares of EverQuote stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $10.58, for a total transaction of $38,140.90. Following the transaction, the chief technology officer now directly owns 160,737 shares in the company, valued at $1,700,597.46. The disclosure for this sale can be found here. Insiders have sold a total of 80,024 shares of company stock valued at $1,011,432 over the last ninety days. Corporate insiders own 41.26% of the company’s stock.

Institutional Trading of EverQuote

A number of hedge funds have recently made changes to their positions in EVER. Earnest Partners LLC purchased a new stake in shares of EverQuote during the first quarter valued at approximately $9,853,000. Divisadero Street Capital Management LP raised its stake in shares of EverQuote by 264.0% during the second quarter. Divisadero Street Capital Management LP now owns 480,497 shares of the company’s stock valued at $4,248,000 after purchasing an additional 348,497 shares during the period. Point72 Asset Management L.P. raised its stake in shares of EverQuote by 99.2% during the second quarter. Point72 Asset Management L.P. now owns 600,951 shares of the company’s stock valued at $5,312,000 after purchasing an additional 299,270 shares during the period. Federated Hermes Inc. raised its stake in shares of EverQuote by 10,284.9% during the first quarter. Federated Hermes Inc. now owns 293,789 shares of the company’s stock valued at $4,754,000 after purchasing an additional 290,960 shares during the period. Finally, Royce & Associates LP purchased a new stake in shares of EverQuote during the second quarter valued at approximately $2,538,000. Hedge funds and other institutional investors own 51.76% of the company’s stock.

EverQuote Stock Down 0.3 %

The company has a market cap of $583.93 million, a PE ratio of -22.70 and a beta of 1.22. The business’s 50 day moving average price is $12.80 and its 200-day moving average price is $9.99.

EverQuote (NASDAQ:EVER – Get Rating) last posted its quarterly earnings data on Tuesday, November 1st. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.21. The company had revenue of $103.22 million for the quarter, compared to analyst estimates of $93.28 million. EverQuote had a negative net margin of 5.84% and a negative return on equity of 24.34%. Equities analysts expect that EverQuote, Inc. will post -0.78 earnings per share for the current year.

EverQuote Company Profile

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EverQuote, Inc operates as an online insurance marketplace connecting consumers with insurance providers. It offers car, home and life insurance. The firm’s data and technology platform matches and connects consumers seeking to purchase insurance with relevant options from its broad direct network of insurance providers.