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

Shares of EverQuote, Inc. (NASDAQ:EVER) have earned an average rating of “Buy” from the six ratings firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $32.33.

EVER has been the subject of several recent research reports. Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a report on Thursday, December 26th. Canaccord Genuity Group lowered their price target on EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a report on Monday, February 24th. JPMorgan Chase & Co. increased their price target on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Finally, Needham & Company LLC increased their price target on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, February 25th.

EverQuote Trading Up 5.4 %

Shares of EVER opened at $28.05 on Tuesday. The firm has a market capitalization of $1.00 billion, a P/E ratio of 82.50 and a beta of 1.01. The stock’s fifty day simple moving average is $21.88 and its 200 day simple moving average is $20.45. EverQuote has a twelve month low of $16.63 and a twelve month high of $28.25.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The business had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. Sell-side analysts predict that EverQuote will post 0.72 earnings per share for the current year.

Insider Activity

In related news, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $20.00, for a total value of $40,000.00. Following the completion of the transaction, the director now directly owns 28,515 shares in the company, valued at approximately $570,300. This trade represents a 6.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO David Brainard sold 29,248 shares of EverQuote stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $19.93, for a total value of $582,912.64. Following the completion of the transaction, the chief technology officer now owns 116,212 shares of the company’s stock, valued at $2,316,105.16. This trade represents a 20.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,863 shares of company stock worth $1,204,605 over the last ninety days. Corporate insiders own 29.79% of the company’s stock.

Hedge Funds Weigh In On EverQuote

A number of hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp grew its stake in EverQuote by 65.3% in the fourth quarter. Mackenzie Financial Corp now owns 104,303 shares of the company’s stock worth $2,085,000 after purchasing an additional 41,222 shares in the last quarter. Warm Springs Advisors Inc. acquired a new position in EverQuote in the fourth quarter worth about $1,499,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in EverQuote by 34.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,500 shares of the company’s stock worth $950,000 after purchasing an additional 12,118 shares in the last quarter. Squarepoint Ops LLC grew its stake in EverQuote by 47.2% in the fourth quarter. Squarepoint Ops LLC now owns 371,595 shares of the company’s stock worth $7,428,000 after purchasing an additional 119,189 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in EverQuote by 59.7% in the fourth quarter. Two Sigma Advisers LP now owns 52,700 shares of the company’s stock worth $1,053,000 after purchasing an additional 19,700 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.