EverQuote (NASDAQ:EVER) Research Coverage Started at B. Riley

B. Riley started coverage on shares of EverQuote (NASDAQ:EVER) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $24.00 price objective on the stock.

A number of other equities analysts have also weighed in on EVER. JPMorgan Chase & Co. boosted their price target on shares of EverQuote from $13.00 to $25.00 and gave the stock an overweight rating in a research report on Tuesday, February 27th. Needham & Company LLC boosted their price target on shares of EverQuote from $15.00 to $25.00 and gave the stock a buy rating in a research report on Tuesday, February 27th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $20.60.

EverQuote Stock Up 1.5 %

Shares of NASDAQ EVER opened at $18.39 on Friday. The firm has a market cap of $629.49 million, a price-to-earnings ratio of -11.94 and a beta of 0.90. EverQuote has a 52-week low of $5.36 and a 52-week high of $20.74. The company’s 50-day simple moving average is $17.48 and its 200-day simple moving average is $12.75.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, February 26th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.12. The firm had revenue of $55.71 million for the quarter, compared to analyst estimates of $49.89 million. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. Equities research analysts anticipate that EverQuote will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling at EverQuote

In other EverQuote news, major shareholder Ventures Lllp Link sold 2,573 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total value of $52,695.04. Following the transaction, the insider now directly owns 1,562,990 shares in the company, valued at approximately $32,010,035.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other EverQuote news, CAO Jon Ayotte sold 2,638 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $16.37, for a total value of $43,184.06. Following the transaction, the chief accounting officer now directly owns 59,687 shares in the company, valued at approximately $977,076.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Ventures Lllp Link sold 2,573 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total transaction of $52,695.04. Following the completion of the transaction, the insider now owns 1,562,990 shares in the company, valued at $32,010,035.20. The disclosure for this sale can be found here. Insiders have sold 432,709 shares of company stock worth $7,658,766 in the last ninety days. 38.46% of the stock is owned by insiders.

Institutional Investors Weigh In On EverQuote

A number of institutional investors and hedge funds have recently made changes to their positions in EVER. FNY Investment Advisers LLC purchased a new stake in shares of EverQuote in the 4th quarter valued at approximately $40,000. Citigroup Inc. raised its stake in shares of EverQuote by 1,200.2% in the 2nd quarter. Citigroup Inc. now owns 6,371 shares of the company’s stock valued at $41,000 after acquiring an additional 5,881 shares during the period. First Horizon Advisors Inc. raised its stake in shares of EverQuote by 52.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 5,755 shares of the company’s stock valued at $42,000 after acquiring an additional 1,981 shares during the period. State of Wyoming purchased a new stake in shares of EverQuote in the 4th quarter valued at approximately $42,000. Finally, Osaic Holdings Inc. raised its stake in shares of EverQuote by 35.9% in the 2nd quarter. Osaic Holdings Inc. now owns 6,573 shares of the company’s stock valued at $43,000 after acquiring an additional 1,735 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

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.