Needham & Company LLC Raises EverQuote (NASDAQ:EVER) Price Target to $30.00

EverQuote (NASDAQ:EVER) had its target price hoisted by Needham & Company LLC from $25.00 to $30.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price target points to a potential upside of 40.45% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. B. Riley started coverage on shares of EverQuote in a research note on Friday, April 19th. They issued a “buy” rating and a $24.00 target price for the company. JPMorgan Chase & Co. upped their price objective on EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $21.60.

EverQuote Trading Down 1.8 %

Shares of EverQuote stock opened at $21.36 on Tuesday. The stock has a market capitalization of $731.15 million, a price-to-earnings ratio of -13.87 and a beta of 0.85. EverQuote has a 1-year low of $5.36 and a 1-year high of $22.27. The firm has a fifty day simple moving average of $18.30 and a 200-day simple moving average of $13.60.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, February 26th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.12. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. The firm had revenue of $55.71 million for the quarter, compared to analyst estimates of $49.89 million. As a group, research analysts predict that EverQuote will post -0.36 earnings per share for the current year.

Insider Buying and Selling at EverQuote

In related news, CAO Jon Ayotte sold 2,638 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $16.37, for a total transaction of $43,184.06. Following the transaction, the chief accounting officer now owns 59,687 shares in the company, valued at approximately $977,076.19. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director David B. Blundin sold 89,177 shares of the firm’s stock in a transaction dated 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 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 SEC, which is available through this hyperlink. Also, CAO Jon Ayotte sold 2,638 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $16.37, for a total value of $43,184.06. Following the sale, the chief accounting officer now directly owns 59,687 shares of the company’s stock, valued at $977,076.19. The disclosure for this sale can be found here. In the last quarter, insiders sold 524,065 shares of company stock worth $9,544,076. 29.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On EverQuote

A number of institutional investors and hedge funds have recently modified their holdings of EVER. Raymond James & Associates increased its holdings in EverQuote by 69.3% in the third quarter. Raymond James & Associates now owns 44,704 shares of the company’s stock valued at $323,000 after purchasing an additional 18,295 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in EverQuote by 52.5% during the 3rd 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. Gilbert & Cook Inc. acquired a new position in EverQuote during the third quarter valued at approximately $85,000. New York State Common Retirement Fund increased its stake in EverQuote by 15.6% in the third quarter. New York State Common Retirement Fund now owns 42,213 shares of the company’s stock valued at $305,000 after purchasing an additional 5,684 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in EverQuote by 9.0% in the third quarter. First Eagle Investment Management LLC now owns 554,504 shares of the company’s stock worth $4,009,000 after purchasing an additional 45,813 shares during the period. 91.54% of the stock is owned by institutional investors.

EverQuote Company Profile

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.