EverQuote (NASDAQ:EVER) Shares Up 3% After Analyst Upgrade

EverQuote, Inc. (NASDAQ:EVER – Get Rating) was up 3% during trading on Thursday 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 $18.76 and last traded at $18.76. Approximately 1,121 shares were traded during trading, a decline of 100% from the average daily volume of 323,971 shares. The stock had previously closed at $18.22.

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

Insider Activity at EverQuote

In related news, CTO David Brainard sold 3,605 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was 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 approximately $1,700,597.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other EverQuote news, CFO John Brandon Wagner sold 19,398 shares of the stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $14.69, for a total transaction of $284,956.62. Following the completion of the transaction, the chief financial officer now directly owns 298,816 shares of the company’s stock, valued at $4,389,607.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO David Brainard sold 3,605 shares of the stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $10.58, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 92,524 shares of company stock worth $1,230,182 in the last 90 days. Corporate insiders own 41.26% of the company’s stock.

Hedge Funds Weigh In On EverQuote

A number of large investors have recently made changes to their positions in the stock. Baillie Gifford & Co. boosted its stake in EverQuote by 0.4% during the second quarter. Baillie Gifford & Co. now owns 1,377,326 shares of the company’s stock valued at $12,176,000 after buying an additional 5,222 shares during the period. Vanguard Group Inc. raised its position in EverQuote by 11.2% during the third quarter. Vanguard Group Inc. now owns 1,067,823 shares of the company’s stock valued at $7,283,000 after purchasing an additional 107,473 shares in the last quarter. Earnest Partners LLC purchased a new stake in EverQuote during the first quarter valued at about $9,853,000. Point72 Asset Management L.P. raised its position in 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 in the last quarter. Finally, Federated Hermes Inc. raised its position in EverQuote by 86.5% during the second quarter. Federated Hermes Inc. now owns 547,863 shares of the company’s stock valued at $4,843,000 after purchasing an additional 254,074 shares in the last quarter. 51.76% of the stock is owned by institutional investors.

EverQuote Stock Down 2.5 %

The stock has a 50-day simple moving average of $12.98 and a two-hundred day simple moving average of $10.05. The firm has a market cap of $569.47 million, a PE ratio of -21.89 and a beta of 1.22.

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

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.