EverQuote, Inc. (EVER) – What Are Researchers Thinking About This Stock?

EverQuote, Inc. (NASDAQ:EVER) has received an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $28.17.

Several research firms have recently weighed in on EVER. Needham & Company LLC upped their price objective on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Zacks Research upgraded EverQuote from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Weiss Ratings raised EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Wall Street Zen cut EverQuote from a “buy” rating to a “hold” rating in a research note on Sunday, September 20th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $28.00 price target on shares of EverQuote in a research report on Thursday, August 13th.

EverQuote Stock Up 2.2%

EVER traded up $0.45 during trading on Tuesday, hitting $20.56. The company had a trading volume of 24,730 shares, compared to its average volume of 835,515. The company has a market capitalization of $740.78 million, a PE ratio of 6.68 and a beta of 0.68. EverQuote has a one year low of $13.88 and a one year high of $28.73. The firm’s 50-day moving average price is $23.03 and its 200 day moving average price is $21.16.

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

Insider Buying and Selling

In other news, Director John Shields sold 3,126 shares of EverQuote stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $26.39, for a total value of $82,495.14. Following the sale, the director directly owned 31,198 shares in the company, valued at $823,315.22. This trade represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jayme Mendal sold 20,980 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $19.69, for a total transaction of $413,096.20. Following the completion of the sale, the chief executive officer directly owned 557,828 shares in the company, valued at approximately $10,983,633.32. This represents a 3.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 72,283 shares of company stock valued at $1,659,616 over the last ninety days. Insiders own 23.68% of the company’s stock.

Institutional Investors Weigh In On EverQuote

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new position in shares of EverQuote during the 2nd quarter worth approximately $55,000. IFP Advisors Inc boosted its stake in EverQuote by 100.1% in the second quarter. IFP Advisors Inc now owns 3,219 shares of the company’s stock valued at $77,000 after buying an additional 1,610 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in EverQuote in the second quarter valued at about $2,889,000. Allworth Financial LP grew its position in EverQuote by 63.7% in the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $61,000 after acquiring an additional 997 shares during the last quarter. Finally, Corient Private Wealth LP grew its position in EverQuote by 85.4% in the second quarter. Corient Private Wealth LP now owns 79,174 shares of the company’s stock valued at $1,884,000 after acquiring an additional 36,461 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

About EverQuote

EverQuote, Inc operates an online marketplace that helps consumers compare insurance options and connect with insurance providers. Its platform uses data, digital marketing and technology to match consumers seeking coverage with insurers and other insurance-related providers.

The company has primarily focused on auto insurance, while also supporting shopping and customer acquisition activities for additional property and casualty insurance products, including home and renters coverage.