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

Shares of EverQuote, Inc. (NASDAQ:EVERGet Rating) have been assigned an average rating of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $21.75.

EVER has been the topic of several research reports. Canaccord Genuity Group dropped their price target on EverQuote from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, May 3rd. B. Riley initiated coverage on EverQuote in a report on Monday, April 18th. They issued a “buy” rating and a $20.00 price target on the stock. William Blair cut EverQuote from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 3rd. Oppenheimer lowered their price objective on shares of EverQuote from $20.00 to $15.00 in a research report on Tuesday, May 3rd. Finally, Raymond James cut shares of EverQuote from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 3rd.

NASDAQ:EVER traded down $0.18 during midday trading on Friday, hitting $9.09. 6,281 shares of the stock were exchanged, compared to its average volume of 414,657. EverQuote has a one year low of $8.98 and a one year high of $35.79. The company has a market capitalization of $272.79 million, a price-to-earnings ratio of -12.26 and a beta of 1.18. The business has a 50-day moving average price of $13.99 and a two-hundred day moving average price of $14.65.

EverQuote (NASDAQ:EVERGet Rating) last posted its quarterly earnings results on Wednesday, February 16th. The company reported ($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.03. The company had revenue of $102.07 million for the quarter, compared to analysts’ expectations of $96.31 million. EverQuote had a negative return on equity of 24.04% and a negative net margin of 5.02%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.13) earnings per share. As a group, analysts forecast that EverQuote will post -1.45 earnings per share for the current fiscal year.

In other news, insider Tomas Revesz, Jr. sold 7,119 shares of the business’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $15.29, for a total transaction of $108,849.51. Following the transaction, the insider now directly owns 460,409 shares in the company, valued at approximately $7,039,653.61. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David B. Blundin purchased 1,004,016 shares of the stock in a transaction dated Wednesday, February 23rd. The shares were bought at an average price of $14.94 per share, for a total transaction of $14,999,999.04. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 8,757 shares of company stock worth $131,505. 45.70% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of EVER. Rubric Capital Management LP bought a new stake in EverQuote in the fourth quarter worth $20,019,000. Earnest Partners LLC bought a new stake in EverQuote in the first quarter worth $9,853,000. BlackRock Inc. boosted its holdings in EverQuote by 26.2% in the third quarter. BlackRock Inc. now owns 1,601,354 shares of the company’s stock worth $29,833,000 after purchasing an additional 332,492 shares in the last quarter. Granahan Investment Management Inc. MA boosted its holdings in EverQuote by 38.0% in the third quarter. Granahan Investment Management Inc. MA now owns 1,131,777 shares of the company’s stock worth $21,085,000 after purchasing an additional 311,561 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in EverQuote by 10,284.9% in the first quarter. Federated Hermes Inc. now owns 293,789 shares of the company’s stock worth $4,754,000 after purchasing an additional 290,960 shares in the last quarter.

About EverQuote (Get Rating)

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company's online marketplace offers consumers shopping for auto, home and renters, life, and health insurance. It 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.

Further Reading

Analyst Recommendations for EverQuote (NASDAQ:EVER)

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