B. Riley Begins Coverage on EverQuote (NASDAQ:EVER)

Analysts at B. Riley began coverage on shares of EverQuote (NASDAQ:EVER) in a research note issued on Friday, MarketBeat reports. The firm set a “buy” rating and a $24.00 price target on the stock. B. Riley’s price objective indicates a potential upside of 30.51% from the company’s current price.

EVER has been the topic of several other research reports. Needham & Company LLC lifted their target price on EverQuote from $15.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. upped their price objective on shares of EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $20.60.

EverQuote Stock Performance

EVER opened at $18.39 on Friday. The stock’s 50 day moving average price is $17.48 and its 200-day moving average price is $12.71. EverQuote has a one year low of $5.36 and a one year high of $20.74. The stock has a market cap of $629.49 million, a price-to-earnings ratio of -11.94 and a beta of 0.90.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, February 26th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.12. The business had revenue of $55.71 million for the quarter, compared to the consensus estimate of $49.89 million. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. As a group, analysts predict that EverQuote will post -0.43 earnings per share for the current fiscal year.

Insider Activity at EverQuote

In other EverQuote news, major shareholder Ventures Lllp Link sold 2,573 shares of EverQuote stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $20.48, for a total transaction of $52,695.04. Following the completion of the transaction, the insider now owns 1,562,990 shares in the company, valued at approximately $32,010,035.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Ventures Lllp Link sold 2,573 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total transaction of $52,695.04. Following the sale, the insider now owns 1,562,990 shares of the company’s stock, valued at approximately $32,010,035.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David B. Blundin sold 22,018 shares of the stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $20.48, for a total transaction of $450,928.64. Following the sale, the director now directly owns 593,492 shares in the company, valued at $12,154,716.16. The disclosure for this sale can be found here. Insiders sold 432,709 shares of company stock worth $7,658,766 over the last three months. Company insiders own 38.46% of the company’s stock.

Hedge Funds Weigh In On EverQuote

A number of hedge funds have recently bought and sold shares of the business. Clearline Capital LP acquired a new position in shares of EverQuote during the 2nd quarter worth approximately $6,009,000. Bank of America Corp DE increased its holdings in EverQuote by 51.3% in the 4th quarter. Bank of America Corp DE now owns 2,055,600 shares of the company’s stock worth $30,300,000 after acquiring an additional 696,994 shares in the last quarter. Earnest Partners LLC purchased a new stake in EverQuote in the 1st quarter worth $9,853,000. Envestnet Asset Management Inc. raised its position in EverQuote by 193.7% during the third quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock worth $5,183,000 after acquiring an additional 472,821 shares during the period. Finally, Marshall Wace LLP lifted its holdings in EverQuote by 1,352.6% during the second quarter. Marshall Wace LLP now owns 452,011 shares of the company’s stock valued at $2,938,000 after purchasing an additional 420,893 shares in the last quarter. Hedge funds and other institutional investors 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.