EverQuote (NASDAQ:EVER) Price Target Raised to $29.50

EverQuote (NASDAQ:EVER) had its price target raised by B. Riley from $24.00 to $29.50 in a research note released on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

EVER has been the subject of several other research reports. Needham & Company LLC upped their price objective on shares of EverQuote from $25.00 to $30.00 and gave the stock a buy rating in a report on Tuesday. Canaccord Genuity Group upped their price objective on shares of EverQuote from $25.00 to $30.00 and gave the stock a buy rating in a report on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of EverQuote from $13.00 to $25.00 and gave the stock an overweight rating in a report on Tuesday, February 27th. Finally, Craig Hallum upped their price objective on shares of EverQuote from $26.00 to $30.00 and gave the stock a buy rating in a report on Tuesday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of Buy and an average target price of $26.25.

EverQuote Stock Performance

Shares of EVER opened at $25.29 on Tuesday. EverQuote has a 1 year low of $5.36 and a 1 year high of $25.69. The company has a market cap of $865.68 million, a price-to-earnings ratio of -16.42 and a beta of 0.85. The firm has a fifty day moving average of $18.38 and a 200-day moving average of $13.69.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.12. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. The company had revenue of $91.07 million during the quarter, compared to the consensus estimate of $80.36 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was down 16.6% compared to the same quarter last year. Analysts predict that EverQuote will post -0.36 EPS for the current year.

Insiders Place Their Bets

In other EverQuote news, Director David B. Blundin sold 89,177 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $15.00, for a total value of $1,337,655.00. Following the sale, the director now directly owns 802,589 shares in the company, valued at $12,038,835. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other EverQuote news, major shareholder Ventures Lllp Link sold 10,422 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $15.43, for a total value of $160,811.46. Following the sale, the insider now directly owns 1,858,407 shares in the company, valued at $28,675,220.01. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David B. Blundin sold 89,177 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $15.00, for a total transaction of $1,337,655.00. Following the completion of the sale, the director now owns 802,589 shares in the company, valued at $12,038,835. The disclosure for this sale can be found here. Over the last three months, insiders have sold 524,065 shares of company stock worth $9,544,076. 29.79% of the stock is owned by corporate insiders.

Institutional Trading of EverQuote

Several institutional investors and hedge funds have recently bought and sold shares of EVER. FNY Investment Advisers LLC acquired a new stake in EverQuote during the 4th quarter worth about $40,000. First Horizon Advisors Inc. raised its holdings in EverQuote by 52.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 5,755 shares of the company’s stock worth $42,000 after buying an additional 1,981 shares during the period. Tower Research Capital LLC TRC raised its holdings in EverQuote by 446.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock worth $63,000 after buying an additional 4,215 shares during the period. Asset Management One Co. Ltd. acquired a new stake in EverQuote during the 4th quarter worth about $66,000. Finally, Gilbert & Cook Inc. acquired a new stake in EverQuote during the 3rd quarter worth about $85,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

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.