EverQuote, Inc. (NASDAQ:EVER) Receives $20.80 Average PT from Analysts

EverQuote, Inc. (NASDAQ:EVER) has been assigned an average rating of “Buy” from the five research firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $20.80.

EVER has been the topic of several analyst reports. B. Riley lifted their price target on EverQuote from $18.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Needham & Company LLC lifted their price target on EverQuote from $15.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. raised their price objective on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th.

Insider Transactions at EverQuote

In related news, CAO Jon Ayotte sold 2,638 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $16.37, for a total transaction of $43,184.06. Following the completion of the sale, the chief accounting officer now owns 59,687 shares in the company, valued at $977,076.19. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Joseph Sanborn sold 8,051 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $20.00, for a total transaction of $161,020.00. Following the completion of the sale, the chief financial officer now directly owns 220,986 shares of the company’s stock, valued at $4,419,720. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jon Ayotte sold 2,638 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $16.37, for a total value of $43,184.06. Following the sale, the chief accounting officer now directly owns 59,687 shares of the company’s stock, valued at $977,076.19. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 408,118 shares of company stock valued at $7,155,142. 38.46% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On EverQuote

Hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC raised its position in EverQuote by 21.3% in the third quarter. Acadian Asset Management LLC now owns 220,251 shares of the company’s stock worth $1,592,000 after acquiring an additional 38,663 shares in the last quarter. Earnest Partners LLC increased its position in shares of EverQuote by 44.2% in the third quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock valued at $13,980,000 after buying an additional 592,262 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of EverQuote by 9.0% in the third quarter. First Eagle Investment Management LLC now owns 554,504 shares of the company’s stock valued at $4,009,000 after buying an additional 45,813 shares in the last quarter. Gilbert & Cook Inc. purchased a new position in shares of EverQuote in the third quarter valued at $85,000. Finally, Raymond James & Associates increased its position in shares of EverQuote by 69.3% in the third quarter. Raymond James & Associates now owns 44,704 shares of the company’s stock valued at $323,000 after buying an additional 18,295 shares in the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

EverQuote Stock Performance

Shares of EVER stock opened at $18.80 on Monday. The stock’s fifty day moving average is $17.35 and its two-hundred day moving average is $12.56. The firm has a market capitalization of $643.52 million, a P/E ratio of -12.21 and a beta of 0.90. EverQuote has a fifty-two week low of $5.36 and a fifty-two week high of $20.74.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, February 26th. The company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.12. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. The company had revenue of $55.71 million for the quarter, compared to analyst estimates of $49.89 million. On average, equities analysts forecast that EverQuote will post -0.43 earnings per share for the current year.

EverQuote Company Profile

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