Needham & Company LLC Raises EverQuote (NASDAQ:EVER) Price Target to $40.00

EverQuote (NASDAQ:EVER) had its target price raised by equities research analysts at Needham & Company LLC from $38.00 to $40.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s target price points to a potential upside of 78.49% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of EverQuote in a report on Wednesday, October 8th. Wall Street Zen lowered EverQuote from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, EverQuote presently has an average rating of “Buy” and a consensus price target of $32.80.

EverQuote Stock Performance

Shares of EVER stock opened at $22.41 on Tuesday. The stock’s 50 day simple moving average is $22.40 and its 200 day simple moving average is $23.53. EverQuote has a twelve month low of $16.63 and a twelve month high of $30.03. The company has a market capitalization of $818.19 million, a price-to-earnings ratio of 18.07 and a beta of 0.53.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. EverQuote had a return on equity of 36.90% and a net margin of 7.57%.The business had revenue of $173.94 million for the quarter, compared to the consensus estimate of $166.09 million. During the same period last year, the business earned $0.31 EPS. The firm’s revenue was up 20.3% compared to the same quarter last year. EverQuote has set its Q4 2025 guidance at EPS. On average, analysts forecast that EverQuote will post 0.72 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Ventures Lllp Link sold 900,000 shares of the company’s stock in a transaction on Sunday, August 10th. The shares were sold at an average price of $23.33, for a total value of $20,997,000.00. Following the completion of the transaction, the insider directly owned 2,598,154 shares of the company’s stock, valued at approximately $60,614,932.82. This represents a 25.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Shields sold 2,000 shares of the company’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $20.78, for a total value of $41,560.00. Following the transaction, the director directly owned 27,219 shares of the company’s stock, valued at $565,610.82. This represents a 6.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 958,113 shares of company stock worth $22,295,496 over the last 90 days. 25.52% of the stock is currently owned by corporate insiders.

Institutional Trading of EverQuote

Several institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc lifted its holdings in EverQuote by 108.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock valued at $26,000 after purchasing an additional 601 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in EverQuote by 25.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock valued at $68,000 after purchasing an additional 573 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in EverQuote by 271.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock valued at $79,000 after purchasing an additional 2,381 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in EverQuote by 28.7% during the 2nd quarter. Asset Management One Co. Ltd. now owns 4,682 shares of the company’s stock valued at $113,000 after purchasing an additional 1,044 shares during the last quarter. Finally, AlphaQuest LLC lifted its holdings in EverQuote by 70.9% during the 2nd quarter. AlphaQuest LLC now owns 5,485 shares of the company’s stock valued at $133,000 after purchasing an additional 2,276 shares during the last quarter. Institutional investors 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.