EverQuote, Inc. (NASDAQ:EVER) Given Consensus Rating of “Moderate Buy” by Brokerages

EverQuote, Inc. (NASDAQ:EVER) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $24.1667.

Several research firms have commented on EVER. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of EverQuote in a research report on Tuesday, May 5th. Wall Street Zen downgraded EverQuote from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings upgraded EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Finally, JPMorgan Chase & Co. boosted their price objective on EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th.

Insider Transactions at EverQuote

In other EverQuote news, CTO David Brainard sold 4,960 shares of EverQuote stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $25.51, for a total value of $126,529.60. Following the sale, the chief technology officer owned 165,336 shares of the company’s stock, valued at approximately $4,217,721.36. The trade was a 2.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Joseph Sanborn sold 6,667 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $24.63, for a total transaction of $164,208.21. Following the completion of the transaction, the chief financial officer owned 311,908 shares in the company, valued at approximately $7,682,294.04. The trade was a 2.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 57,891 shares of company stock worth $1,243,447 in the last ninety days. Company insiders own 23.68% of the company’s stock.

Institutional Investors Weigh In On EverQuote

A number of hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC raised its stake in shares of EverQuote by 81.7% in the fourth quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock valued at $24,333,000 after buying an additional 405,237 shares during the period. Balyasny Asset Management L.P. grew its stake in shares of EverQuote by 110.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company’s stock worth $15,720,000 after acquiring an additional 361,082 shares during the period. AQR Capital Management LLC grew its stake in shares of EverQuote by 95.1% during the 2nd quarter. AQR Capital Management LLC now owns 655,615 shares of the company’s stock worth $15,853,000 after acquiring an additional 319,618 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of EverQuote by 47.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock worth $13,412,000 after acquiring an additional 293,160 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in EverQuote by 615.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock worth $8,896,000 after acquiring an additional 292,172 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

EverQuote Price Performance

Shares of EVER stock traded up $0.07 on Friday, hitting $24.83. The stock had a trading volume of 317,718 shares, compared to its average volume of 677,437. The business has a 50 day moving average of $20.62 and a 200 day moving average of $19.56. The stock has a market cap of $894.62 million, a price-to-earnings ratio of 8.45 and a beta of 0.61. 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, May 4th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.08. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The business had revenue of $190.85 million for the quarter, compared to analysts’ expectations of $180.10 million. During the same period in the previous year, the company earned $0.21 earnings per share. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. As a group, research analysts expect that EverQuote will post 1.72 earnings per share for the current fiscal year.

EverQuote Company Profile

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.