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

EverQuote, Inc. (NASDAQ:EVER) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $20.80.

A number of equities analysts recently issued reports on the company. Needham & Company LLC increased their target price on EverQuote from $15.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Raymond James upgraded EverQuote from a “market perform” rating to an “outperform” rating and set a $13.00 target price on the stock in a report on Tuesday, December 12th. B. Riley increased their target price on EverQuote from $18.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Craig Hallum assumed coverage on EverQuote in a report on Tuesday, December 5th. They issued a “buy” rating and a $16.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their target price on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th.

Insider Activity at EverQuote

In related news, major shareholder Ventures Lllp Link sold 10,422 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $15.43, for a total value 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 legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director David B. Blundin sold 33,560 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $18.60, for a total transaction of $624,216.00. Following the completion of the sale, the director now directly owns 1,615,484 shares of the company’s stock, valued at approximately $30,048,002.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Ventures Lllp Link sold 10,422 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $15.43, for a total value of $160,811.46. Following the sale, 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. In the last three months, insiders sold 397,892 shares of company stock valued at $6,944,830. 38.46% of the stock is owned by insiders.

Institutional Investors Weigh In On EverQuote

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE increased its position in shares of EverQuote by 51.3% during the 4th quarter. Bank of America Corp DE now owns 2,055,600 shares of the company’s stock valued at $30,300,000 after purchasing an additional 696,994 shares during the last quarter. Earnest Partners LLC increased its position in shares of EverQuote by 44.2% during the 3rd quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock valued at $13,980,000 after purchasing an additional 592,262 shares during the last quarter. BlackRock Inc. increased its position in shares of EverQuote by 6.5% during the 2nd quarter. BlackRock Inc. now owns 1,647,061 shares of the company’s stock valued at $10,706,000 after purchasing an additional 100,133 shares during the last quarter. Baillie Gifford & Co. increased its holdings in EverQuote by 2.4% in the 4th quarter. Baillie Gifford & Co. now owns 1,362,022 shares of the company’s stock worth $20,076,000 after acquiring an additional 31,957 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in EverQuote by 7.3% in the 4th quarter. Vanguard Group Inc. now owns 1,127,137 shares of the company’s stock worth $13,796,000 after acquiring an additional 76,856 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

EverQuote Stock Performance

EverQuote stock opened at $18.75 on Thursday. The stock has a market capitalization of $641.81 million, a price-to-earnings ratio of -12.18 and a beta of 0.88. EverQuote has a 52-week low of $5.36 and a 52-week high of $20.34. The stock’s 50 day moving average price is $15.43 and its two-hundred day moving average price is $11.25.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, February 26th. The company reported ($0.19) earnings per share (EPS) 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 analysts’ expectations of $49.89 million. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. On average, equities research analysts forecast that EverQuote will post -0.43 EPS for the current year.

About EverQuote

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.