EverQuote (NASDAQ:EVER) PT Raised to $30.00 at Canaccord Genuity Group

EverQuote (NASDAQ:EVER) had its target price increased by Canaccord Genuity Group from $25.00 to $30.00 in a research note published on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also issued reports on EVER. Needham & Company LLC upped their target price on EverQuote from $25.00 to $30.00 and gave the company a buy rating in a report on Tuesday. JPMorgan Chase & Co. upped their target price on EverQuote from $13.00 to $25.00 and gave the company an overweight rating in a report on Tuesday, February 27th. Finally, B. Riley started coverage on EverQuote in a report on Friday, April 19th. They issued a buy rating and a $24.00 target price for the company. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, EverQuote presently has an average rating of Buy and a consensus price target of $26.25.

EverQuote Stock Up 18.4 %

Shares of EverQuote stock opened at $25.29 on Tuesday. The company has a market cap of $865.68 million, a PE ratio of -16.42 and a beta of 0.85. EverQuote has a 52 week low of $5.36 and a 52 week high of $25.69. The business has a 50 day moving average price of $18.38 and a 200-day moving average price of $13.69.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.12. The firm had revenue of $91.07 million during the quarter, compared to the consensus estimate of $80.36 million. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. The company’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) earnings per share. As a group, research analysts anticipate that EverQuote will post -0.36 EPS for the current year.

Insider Buying and Selling at EverQuote

In other EverQuote news, CAO Jon Ayotte sold 2,638 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $16.37, for a total transaction of $43,184.06. Following the completion of the transaction, the chief accounting officer now directly owns 59,687 shares of the company’s stock, valued at $977,076.19. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other EverQuote news, CAO Jon Ayotte sold 2,638 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $16.37, for a total transaction of $43,184.06. Following the completion of the transaction, the chief accounting officer now directly owns 59,687 shares of the company’s stock, valued at $977,076.19. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jayme Mendal sold 5,750 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $18.01, for a total value of $103,557.50. Following the transaction, the chief executive officer now directly owns 463,957 shares of the company’s stock, valued at $8,355,865.57. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 524,065 shares of company stock valued at $9,544,076. Company insiders own 29.79% of the company’s stock.

Hedge Funds Weigh In On EverQuote

A number of large investors have recently made changes to their positions in EVER. Raymond James & Associates boosted its holdings in shares of EverQuote by 69.3% in the third quarter. Raymond James & Associates now owns 44,704 shares of the company’s stock worth $323,000 after acquiring an additional 18,295 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of EverQuote by 52.5% in the third quarter. First Horizon Advisors Inc. now owns 5,755 shares of the company’s stock worth $42,000 after acquiring an additional 1,981 shares during the period. Gilbert & Cook Inc. bought a new position in shares of EverQuote in the third quarter worth $85,000. New York State Common Retirement Fund boosted its holdings in shares of EverQuote by 15.6% in the third quarter. New York State Common Retirement Fund now owns 42,213 shares of the company’s stock worth $305,000 after acquiring an additional 5,684 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in shares of EverQuote by 9.0% in the third quarter. First Eagle Investment Management LLC now owns 554,504 shares of the company’s stock worth $4,009,000 after acquiring an additional 45,813 shares during the period. 91.54% of the stock is owned by institutional investors.

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.