EverQuote (NASDAQ:EVER) Price Target Increased to $22.00 by Analysts at Oppenheimer

EverQuote (NASDAQ:EVER – Get Rating) had its price target lifted by Oppenheimer from $8.00 to $22.00 in a research report issued on Thursday, The Fly reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target would suggest a potential upside of 24.22% from the company’s current price. Oppenheimer also issued estimates for EverQuote’s FY2024 earnings at ($0.14) EPS.

A number of other analysts have also recently issued reports on the company. Needham & Company LLC boosted their target price on EverQuote from $8.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday. B. Riley reiterated a “neutral” rating and set a $9.00 price objective on shares of EverQuote in a research note on Thursday, September 22nd. Finally, JPMorgan Chase & Co. raised shares of EverQuote from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $8.00 to $15.00 in a research report on Tuesday, December 20th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

EverQuote Stock Performance

Shares of EVER opened at $17.71 on Thursday. The company has a market capitalization of $569.47 million, a PE ratio of -21.89 and a beta of 1.22. The stock has a fifty day moving average of $12.98 and a two-hundred day moving average of $10.05. EverQuote has a fifty-two week low of $5.23 and a fifty-two week high of $18.86.

EverQuote (NASDAQ:EVER – Get Rating) last posted its quarterly earnings results 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 firm had revenue of $103.22 million during the quarter, compared to the consensus estimate of $93.28 million. EverQuote had a negative return on equity of 24.34% and a negative net margin of 5.84%. As a group, equities research analysts forecast that EverQuote will post -0.78 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO John Brandon Wagner sold 12,500 shares of the stock in a transaction dated Wednesday, January 18th. The stock was sold at an average price of $17.50, for a total value of $218,750.00. Following the completion of the sale, the chief financial officer now owns 278,324 shares in the company, valued at $4,870,670. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CTO David Brainard sold 37,746 shares of EverQuote stock in a transaction on Monday, November 21st. The shares were sold at an average price of $10.92, for a total transaction of $412,186.32. Following the sale, the chief technology officer now owns 122,991 shares of the company’s stock, valued at approximately $1,343,061.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Brandon Wagner sold 12,500 shares of EverQuote stock in a transaction on Wednesday, January 18th. The stock was sold at an average price of $17.50, for a total transaction of $218,750.00. Following the sale, the chief financial officer now directly owns 278,324 shares in the company, valued at approximately $4,870,670. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,524 shares of company stock worth $1,230,182. 41.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On EverQuote

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its stake in EverQuote by 4.1% during the 3rd quarter. California State Teachers Retirement System now owns 24,019 shares of the company’s stock worth $164,000 after buying an additional 936 shares during the period. Credit Suisse AG increased its stake in EverQuote by 7.8% during the 2nd quarter. Credit Suisse AG now owns 13,366 shares of the company’s stock worth $119,000 after buying an additional 968 shares during the period. Charles Schwab Investment Management Inc. increased its stake in EverQuote by 2.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 52,693 shares of the company’s stock worth $853,000 after buying an additional 1,253 shares during the period. Boothbay Fund Management LLC grew its holdings in EverQuote by 21.0% during the 3rd quarter. Boothbay Fund Management LLC now owns 13,653 shares of the company’s stock worth $93,000 after acquiring an additional 2,370 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its holdings 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 acquiring an additional 2,392 shares in the last quarter. Hedge funds and other institutional investors own 51.76% of the company’s stock.

About EverQuote

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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.