EverQuote (NASDAQ:EVER) Stock Rating Upgraded by Wall Street Zen

EverQuote (NASDAQ:EVER) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the stock. B. Riley Financial reaffirmed a “buy” rating and issued a $34.00 target price (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. Raymond James Financial reissued an “outperform” rating and set a $28.00 price target on shares of EverQuote in a report on Thursday, August 13th. Weiss Ratings upgraded EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Zacks Research cut EverQuote from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Finally, Needham & Company LLC upped their price objective on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, EverQuote has an average rating of “Moderate Buy” and an average target price of $28.17.

EverQuote Price Performance

Shares of EverQuote stock opened at $23.98 on Friday. The firm’s fifty day simple moving average is $25.19 and its 200-day simple moving average is $20.50. The stock has a market capitalization of $864.00 million, a price-to-earnings ratio of 7.79 and a beta of 0.67. EverQuote has a 12 month low of $13.88 and a 12 month high of $28.73.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. The firm had revenue of $195.09 million during the quarter, compared to the consensus estimate of $191.06 million. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. EverQuote’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. Analysts anticipate that EverQuote will post 1.72 earnings per share for the current year.

Insider Activity at EverQuote

In other news, Director Mira Wilczek sold 9,500 shares of EverQuote stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $25.07, for a total value of $238,165.00. Following the sale, the director owned 110,353 shares of the company’s stock, valued at $2,766,549.71. The trade was a 7.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joseph Sanborn sold 6,667 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $25.51, for a total transaction of $170,075.17. Following the transaction, the chief financial officer owned 305,241 shares in the company, valued at approximately $7,786,697.91. This trade represents a 2.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 42,043 shares of company stock worth $1,058,112 in the last 90 days. Corporate insiders own 23.68% of the company’s stock.

Institutional Investors Weigh In On EverQuote

A number of hedge funds have recently added to or reduced their stakes in the company. Comerica Bank increased its position in EverQuote by 235.4% during the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after purchasing an additional 772 shares during the period. Signature Equity Partners LLC raised its stake in shares of EverQuote by 65.5% during the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock worth $33,000 after buying an additional 842 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of EverQuote in the 3rd quarter valued at approximately $52,000. Clearstead Advisors LLC lifted its holdings in shares of EverQuote by 70.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock valued at $54,000 after buying an additional 826 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of EverQuote in the second quarter valued at approximately $55,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

EverQuote Company Profile

EverQuote, Inc (NASDAQ: EVER) operates an online insurance marketplace that connects consumers with insurance providers and agents. The company uses data, technology and digital marketing to help shoppers compare insurance options and connect with providers that may be able to meet their coverage needs.

EverQuote’s marketplace has primarily focused on auto insurance and has also supported shopping for home, renters, life, health and commercial insurance products. Its platform provides insurance companies and agencies with consumer leads and customer-acquisition solutions designed to help them reach prospective policyholders.

Founded in 2011 and headquartered in Cambridge, Massachusetts, EverQuote serves consumers and insurance providers in the United States.