EverQuote, Inc. (NASDAQ:EVER) Stock Now Rated “Moderate Buy” by Wall Street Analysts

EverQuote, Inc. (NASDAQ:EVER) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $28.17.

EVER has been the topic of a number of research analyst reports. B. Riley Financial restated a “buy” rating and issued a $34.00 target price (up from $30.00) on shares of EverQuote in a research note on Tuesday, August 4th. Needham & Company LLC raised their target price on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Wall Street Zen downgraded shares of EverQuote from a “buy” rating to a “hold” rating in a research note on Sunday, September 20th. JPMorgan Chase & Co. began coverage on shares of EverQuote in a research note on Monday, August 24th. They set an “overweight” rating and a $29.00 price target for the company. Finally, Weiss Ratings upgraded EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th.

EverQuote Trading Up 1.9%

NASDAQ EVER opened at $22.20 on Tuesday. The company’s 50-day moving average price is $22.72 and its 200-day moving average price is $21.36. The stock has a market cap of $799.87 million, a PE ratio of 7.21 and a beta of 0.68. EverQuote has a 12 month low of $13.88 and a 12 month high of $28.73.

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

Insider Activity at EverQuote

In other EverQuote news, Director John Shields sold 3,126 shares of EverQuote stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $26.39, for a total transaction of $82,495.14. Following the completion of the sale, the director directly owned 31,198 shares of the company’s stock, valued at $823,315.22. The trade was a 9.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Joseph Sanborn sold 6,667 shares of EverQuote stock in a transaction on Monday, August 10th. The shares were sold at an average price of $25.51, for a total value of $170,075.17. Following the sale, the chief financial officer directly owned 305,241 shares of the company’s stock, valued at approximately $7,786,697.91. This trade represents a 2.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 75,681 shares of company stock worth $1,730,822 over the last three months. Corporate insiders own 23.68% of the company’s stock.

Hedge Funds Weigh In On EverQuote

Several institutional investors have recently made changes to their positions in EVER. Jacobs Asset Management LLC lifted its position in shares of EverQuote by 199.9% in the 1st quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock worth $6,219,000 after purchasing an additional 268,819 shares during the period. Dimensional Fund Advisors LP increased its holdings in EverQuote by 37.7% during the first quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company’s stock valued at $10,728,000 after buying an additional 190,438 shares during the period. Bank of New York Mellon Corp purchased a new position in EverQuote during the second quarter valued at approximately $2,344,000. Squarepoint Ops LLC purchased a new position in EverQuote during the second quarter valued at approximately $2,889,000. Finally, Principal Financial Group Inc. raised its stake in EverQuote by 219.1% in the first quarter. Principal Financial Group Inc. now owns 137,574 shares of the company’s stock worth $2,121,000 after buying an additional 94,467 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Company Profile

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.