EverQuote, Inc. (NASDAQ:EVER) Receives Consensus Rating of “Buy” from Brokerages

Shares of EverQuote, Inc. (NASDAQ:EVER) have earned a consensus rating of “Buy” from the five brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $34.00.

EVER has been the subject of a number of research reports. Needham & Company LLC increased their price target on shares of EverQuote from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Wall Street Zen lowered EverQuote from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. JPMorgan Chase & Co. lifted their price target on EverQuote from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EverQuote in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded EverQuote from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th.

EverQuote Stock Performance

EVER stock opened at $25.73 on Friday. EverQuote has a 52 week low of $17.20 and a 52 week high of $30.03. The firm’s fifty day moving average is $26.11 and its 200 day moving average is $24.28. The firm has a market cap of $925.25 million, a P/E ratio of 17.99 and a beta of 0.46.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.13. The business had revenue of $173.94 million for the quarter, compared to analyst estimates of $166.09 million. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.EverQuote’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period last year, the company earned $0.31 EPS. As a group, analysts forecast that EverQuote will post 0.72 EPS for the current year.

Insider Buying and Selling at EverQuote

In related news, CEO Jayme Mendal sold 14,360 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $27.25, for a total value of $391,310.00. Following the sale, the chief executive officer owned 438,052 shares in the company, valued at $11,936,917. This represents a 3.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Jon Ayotte sold 3,639 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $26.76, for a total transaction of $97,379.64. Following the sale, the chief accounting officer directly owned 49,233 shares in the company, valued at $1,317,475.08. This trade represents a 6.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 58,836 shares of company stock worth $1,400,099 over the last three months. Company insiders own 25.52% of the company’s stock.

Institutional Trading of EverQuote

A number of institutional investors and hedge funds have recently modified their holdings of the business. Comerica Bank lifted its stake in shares of EverQuote by 235.4% in 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. Versant Capital Management Inc increased its holdings in EverQuote by 108.9% during the third quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock valued at $26,000 after buying an additional 601 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in EverQuote during the third quarter valued at approximately $52,000. Jones Financial Companies Lllp raised its position in EverQuote by 595.8% in the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock worth $62,000 after acquiring an additional 2,246 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of EverQuote by 25.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock worth $68,000 after acquiring an additional 573 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

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.