JPMorgan Chase & Co. Cuts EverQuote (NASDAQ:EVER) Price Target to $25.00

EverQuote (NASDAQ:EVER) had its target price lowered by JPMorgan Chase & Co. from $28.00 to $25.00 in a report released on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other brokerages also recently issued reports on EVER. B. Riley reduced their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research report on Thursday, December 26th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, EverQuote has a consensus rating of “Buy” and a consensus price target of $31.67.

EverQuote Stock Down 3.8 %

Shares of EverQuote stock opened at $18.22 on Friday. EverQuote has a 12-month low of $10.21 and a 12-month high of $28.09. The stock has a market capitalization of $644.10 million, a P/E ratio of 53.59 and a beta of 0.96. The company has a 50-day simple moving average of $18.80 and a 200 day simple moving average of $20.78.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, November 4th. The company reported $0.31 earnings per share (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 company had revenue of $144.53 million during the quarter, compared to analysts’ expectations of $140.30 million. During the same quarter in the previous year, the company posted ($0.40) earnings per share. EverQuote’s quarterly revenue was up 162.7% compared to the same quarter last year. On average, equities analysts anticipate that EverQuote will post 0.72 earnings per share for the current year.

Insiders Place Their Bets

In other EverQuote news, CTO David Brainard sold 14,590 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $17.44, for a total transaction of $254,449.60. Following the completion of the transaction, the chief technology officer now owns 137,291 shares in the company, valued at approximately $2,394,355.04. This represents a 9.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 52,668 shares of company stock worth $1,005,134. Company insiders own 29.79% of the company’s stock.

Institutional Investors Weigh In On EverQuote

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. nVerses Capital LLC boosted its position 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 acquiring an additional 700 shares during the last quarter. Quarry LP boosted its holdings in EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 985 shares during the last quarter. Gladius Capital Management LP bought a new position in EverQuote in the third quarter valued at $26,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in EverQuote by 19.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock valued at $177,000 after purchasing an additional 1,363 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock valued at $74,000 after buying an additional 1,874 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

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.