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

Shares of EverQuote, Inc. (NASDAQ:EVER) have been assigned a consensus recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $31.67.

A number of analysts recently issued reports on EVER shares. B. Riley lowered their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price target on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Finally, Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a report on Thursday, December 26th.

Insider Activity

In related news, Director John L. Shields sold 2,000 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $20.00, for a total value of $40,000.00. Following the sale, the director now owns 28,515 shares in the company, valued at approximately $570,300. The trade was a 6.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO David Brainard sold 14,590 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $17.44, for a total value of $254,449.60. Following the completion of the sale, the chief technology officer now owns 137,291 shares in the company, valued at $2,394,355.04. This represents a 9.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,668 shares of company stock valued at $1,045,134 in the last quarter. Insiders own 29.79% of the company’s stock.

Institutional Investors Weigh In On EverQuote

Institutional investors and hedge funds have recently modified their holdings of the company. Gladius Capital Management LP purchased a new stake in shares of EverQuote in the 3rd quarter valued at $26,000. R Squared Ltd purchased a new stake in EverQuote during the 4th quarter worth about $34,000. nVerses Capital LLC increased its holdings in EverQuote by 41.2% during the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $51,000 after purchasing an additional 700 shares during the period. Quarry LP increased its holdings in EverQuote by 100.7% during the 3rd quarter. Quarry LP now owns 2,894 shares of the company’s stock worth $61,000 after purchasing an additional 1,452 shares during the period. Finally, Quantbot Technologies LP increased its holdings in EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after purchasing an additional 1,874 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Stock Performance

Shares of NASDAQ EVER opened at $21.78 on Friday. The company’s fifty day moving average price is $19.21 and its 200 day moving average price is $20.31. EverQuote has a 1 year low of $14.28 and a 1 year high of $28.09. The company has a market capitalization of $769.92 million, a PE ratio of 64.06 and a beta of 0.96.

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.