EverQuote (NASDAQ:EVER) PT Raised to $29.50 at B. Riley

EverQuote (NASDAQ:EVER) had its target price hoisted by research analysts at B. Riley from $24.00 to $29.50 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s price target suggests a potential upside of 23.85% from the company’s previous close.

EVER has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their target price on shares of EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Craig Hallum increased their target price on EverQuote from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday. Needham & Company LLC boosted their target price on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Canaccord Genuity Group increased their price target on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $26.25.

EverQuote Stock Performance

NASDAQ EVER opened at $23.82 on Tuesday. EverQuote has a 52 week low of $5.36 and a 52 week high of $25.69. The stock has a market capitalization of $815.36 million, a P/E ratio of -15.64 and a beta of 0.85. The stock has a fifty day moving average of $18.53 and a 200-day moving average of $13.82.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. The firm had revenue of $91.07 million during the quarter, compared to analyst estimates of $80.36 million. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. The company’s revenue was down 16.6% on a year-over-year basis. During the same period last year, the company earned ($0.08) earnings per share. Equities research analysts forecast that EverQuote will post -0.36 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Ventures Lllp Link sold 10,422 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $15.43, for a total transaction of $160,811.46. Following the completion of the sale, the insider now directly owns 1,858,407 shares of the company’s stock, valued at approximately $28,675,220.01. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Jon Ayotte sold 2,638 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $16.37, for a total transaction of $43,184.06. Following the sale, the chief accounting officer now directly owns 59,687 shares in the company, valued at $977,076.19. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Ventures Lllp Link sold 10,422 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $15.43, for a total transaction of $160,811.46. Following the completion of the transaction, the insider now directly owns 1,858,407 shares of the company’s stock, valued at $28,675,220.01. The disclosure for this sale can be found here. Insiders have sold 524,065 shares of company stock worth $9,544,076 in the last 90 days. Corporate insiders own 29.79% of the company’s stock.

Institutional Trading of EverQuote

A number of institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in EverQuote in the 4th quarter valued at approximately $40,000. First Horizon Advisors Inc. raised its holdings in shares of EverQuote by 52.5% in the third quarter. First Horizon Advisors Inc. now owns 5,755 shares of the company’s stock valued at $42,000 after purchasing an additional 1,981 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of EverQuote by 446.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock worth $63,000 after purchasing an additional 4,215 shares in the last quarter. Asset Management One Co. Ltd. acquired a new position in EverQuote during the fourth quarter worth $66,000. Finally, Gilbert & Cook Inc. bought a new position in EverQuote in the third quarter valued at $85,000. 91.54% of the stock is currently owned by 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.