Analysts Set EverQuote, Inc. (NASDAQ:EVER) Target Price at $31.67

EverQuote, Inc. (NASDAQ:EVER) has been assigned an average recommendation of “Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $31.67.

Several analysts have commented on the stock. B. Riley decreased their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. JPMorgan Chase & Co. decreased their price objective on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Finally, Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research report on Thursday, December 26th.

Insider Buying and Selling

In other news, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $20.00, for a total value of $40,000.00. Following the transaction, the director now directly owns 28,515 shares in the company, valued at approximately $570,300. The trade was a 6.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO David Brainard sold 29,248 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $19.93, for a total value of $582,912.64. Following the transaction, the chief technology officer now directly owns 116,212 shares of the company’s stock, valued at $2,316,105.16. This represents a 20.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 51,955 shares of company stock valued at $995,711. Company insiders own 29.79% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Gladius Capital Management LP bought a new stake in shares of EverQuote in the third quarter valued at approximately $26,000. R Squared Ltd acquired a new position in EverQuote during the 4th quarter valued at $34,000. nVerses Capital LLC boosted its holdings in EverQuote by 41.2% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after purchasing an additional 700 shares during the period. Quarry LP grew its position in EverQuote by 100.7% in the 3rd quarter. Quarry LP now owns 2,894 shares of the company’s stock worth $61,000 after purchasing an additional 1,452 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after purchasing an additional 1,874 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

EverQuote Stock Performance

Shares of NASDAQ EVER opened at $21.82 on Friday. The business has a 50 day simple moving average of $19.47 and a 200 day simple moving average of $20.16. EverQuote has a 52 week low of $14.28 and a 52 week high of $28.09. The stock has a market cap of $771.34 million, a price-to-earnings ratio of 64.18 and a beta of 0.96.

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.