B. Riley Begins Coverage on EverQuote (NASDAQ:EVER)

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

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. upped their price target on EverQuote from $13.00 to $25.00 and gave the company an overweight rating in a report on Tuesday, February 27th. Needham & Company LLC upped their target price on shares of EverQuote from $15.00 to $25.00 and gave the company a buy rating in a report on Tuesday, February 27th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, EverQuote has a consensus rating of Buy and an average price target of $20.60.

EverQuote Stock Performance

NASDAQ:EVER opened at $18.53 on Friday. EverQuote has a fifty-two week low of $5.36 and a fifty-two week high of $20.74. The company has a 50 day moving average price of $17.54 and a 200 day moving average price of $12.83. The stock has a market capitalization of $634.28 million, a P/E ratio of -12.03 and a beta of 0.90.

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

Insider Activity at EverQuote

In related news, Director David B. Blundin sold 89,177 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $15.00, for a total transaction of $1,337,655.00. Following the completion of the sale, the director now directly owns 802,589 shares of the company’s stock, valued at $12,038,835. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other EverQuote news, Director David B. Blundin sold 89,177 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $15.00, for a total value of $1,337,655.00. Following the completion of the transaction, the director now owns 802,589 shares in the company, valued at $12,038,835. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Ventures Lllp Link sold 10,422 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $15.43, for a total transaction of $160,811.46. Following the sale, the insider now directly owns 1,858,407 shares in the company, valued at approximately $28,675,220.01. 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 quarter. Company insiders own 38.46% of the company’s stock.

Institutional Trading of EverQuote

A number of large investors have recently made changes to their positions in EVER. FNY Investment Advisers LLC purchased a new position in shares of EverQuote in the 4th quarter worth $40,000. First Horizon Advisors Inc. increased its stake in EverQuote by 52.5% during the third quarter. First Horizon Advisors Inc. now owns 5,755 shares of the company’s stock worth $42,000 after acquiring an additional 1,981 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in EverQuote by 446.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock worth $63,000 after acquiring an additional 4,215 shares during the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of EverQuote in the 4th quarter worth about $66,000. Finally, Gilbert & Cook Inc. acquired a new position in shares of EverQuote in the 3rd quarter valued at about $85,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

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.