Analysts Set EverQuote, Inc. (NASDAQ:EVER) Target Price at $31.60

EverQuote, Inc. (NASDAQ:EVER) has received a consensus rating of “Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $32.17.

EVER has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their target price on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. 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. Finally, B. Riley dropped their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th.

Insider Buying and Selling at EverQuote

In related news, CTO David Brainard sold 14,590 shares of EverQuote stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $17.44, for a total value of $254,449.60. Following the completion of the transaction, the chief technology officer now directly owns 137,291 shares in the company, valued at approximately $2,394,355.04. This trade represents a 9.61 % 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, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the sale, the director now directly owns 54,970 shares of the company’s stock, valued at approximately $1,067,517.40. This represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,306 shares of company stock valued at $443,260 in the last three months. Corporate insiders own 29.79% of the company’s stock.

Hedge Funds Weigh In On EverQuote

Several large investors have recently added to or reduced their stakes in the company. Driehaus Capital Management LLC raised its stake in EverQuote by 9.1% during the second quarter. Driehaus Capital Management LLC now owns 2,036,361 shares of the company’s stock worth $42,478,000 after acquiring an additional 169,333 shares during the period. Emerald Advisers LLC grew its holdings in shares of EverQuote by 165.8% during the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after purchasing an additional 399,257 shares during the last quarter. Geode Capital Management LLC raised its position in shares of EverQuote by 10.4% during the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock worth $12,554,000 after purchasing an additional 56,114 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of EverQuote by 62.6% in the 2nd quarter. Acadian Asset Management LLC now owns 517,331 shares of the company’s stock worth $10,786,000 after purchasing an additional 199,187 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its position in EverQuote by 572.1% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock valued at $10,631,000 after purchasing an additional 429,084 shares during the period. 91.54% of the stock is currently owned by institutional investors.

EverQuote Stock Performance

NASDAQ EVER opened at $19.68 on Thursday. The firm has a market capitalization of $695.71 million, a price-to-earnings ratio of 57.88 and a beta of 0.96. EverQuote has a one year low of $10.21 and a one year high of $28.09. The company’s 50 day moving average price is $18.53 and its 200 day moving average price is $20.77.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, November 4th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business had revenue of $144.53 million for the quarter, compared to the consensus estimate of $140.30 million. During the same quarter last year, the firm posted ($0.40) EPS. The business’s revenue for the quarter was up 162.7% compared to the same quarter last year. Sell-side analysts forecast that EverQuote will post 0.72 EPS for the current fiscal year.

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.