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

EverQuote, Inc. (NASDAQ:EVER – Get Rating) has earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $19.00.

Several research firms have recently weighed in on EVER. B. Riley increased their price objective on EverQuote from $9.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, February 28th. JPMorgan Chase & Co. raised their target price on EverQuote from $15.00 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, February 28th. Oppenheimer lifted their price objective on EverQuote from $8.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, January 19th. Finally, Needham & Company LLC restated a “buy” rating and set a $21.00 target price on shares of EverQuote in a report on Tuesday, February 28th.

Insiders Place Their Bets

In related news, CFO John Brandon Wagner sold 12,000 shares of EverQuote stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $16.00, for a total value of $192,000.00. Following the sale, the chief financial officer now owns 290,824 shares of the company’s stock, valued at approximately $4,653,184. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 45,098 shares of company stock valued at $714,235. Corporate insiders own 41.26% of the company’s stock.

Institutional Trading of EverQuote

Several institutional investors have recently added to or reduced their stakes in EVER. State of Wyoming purchased a new stake in shares of EverQuote during the fourth quarter valued at approximately $42,000. Allspring Global Investments Holdings LLC grew its stake in shares of EverQuote by 588.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,895 shares of the company’s stock worth $47,000 after buying an additional 5,893 shares in the last quarter. Advisor Group Holdings Inc. boosted its stake in shares of EverQuote by 398.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,992 shares of the company’s stock worth $48,000 after purchasing an additional 2,392 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of EverQuote by 380.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 9,315 shares of the company’s stock worth $63,000 after purchasing an additional 7,375 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in EverQuote by 63.6% during the 4th quarter. First Horizon Advisors Inc. now owns 4,392 shares of the company’s stock valued at $65,000 after buying an additional 1,707 shares in the last quarter. 51.76% of the stock is currently owned by hedge funds and other institutional investors.

EverQuote Stock Down 1.7 %

Shares of EVER opened at $13.09 on Thursday. EverQuote has a 52-week low of $5.23 and a 52-week high of $18.86. The firm has a market capitalization of $426.83 million, a PE ratio of -17.00 and a beta of 1.24. The firm has a 50-day moving average price of $15.45 and a 200 day moving average price of $11.42.

About EverQuote

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EverQuote, Inc operates as an online insurance marketplace connecting consumers with insurance providers. It offers car, home and life insurance. The firm’s data and technology platform matches and connects consumers seeking to purchase insurance with relevant options from its broad direct network of insurance providers.