EverQuote (NASDAQ:EVER) PT Raised to $30.00

EverQuote (NASDAQ:EVER) had its price target lifted by Needham & Company LLC from $25.00 to $30.00 in a research report released on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also commented on EVER. JPMorgan Chase & Co. boosted their price objective on shares of EverQuote from $13.00 to $25.00 and gave the stock an overweight rating in a research report on Tuesday, February 27th. B. Riley assumed coverage on shares of EverQuote in a research report on Friday, April 19th. They set a buy rating and a $24.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of Buy and an average target price of $26.25.

EverQuote Trading Up 18.4 %

EVER opened at $25.29 on Tuesday. The stock has a market capitalization of $865.68 million, a P/E ratio of -16.42 and a beta of 0.85. EverQuote has a 12 month low of $5.36 and a 12 month high of $25.69. The firm’s fifty day simple moving average is $18.38 and its 200 day simple moving average is $13.69.

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

Insider Buying and Selling at EverQuote

In other EverQuote news, major shareholder Ventures Lllp Link sold 2,730 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $21.88, for a total value of $59,732.40. Following the completion of the transaction, the insider now directly owns 1,553,430 shares in the company, valued at $33,989,048.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other EverQuote news, major shareholder Ventures Lllp Link sold 2,730 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $21.88, for a total value of $59,732.40. Following the completion of the transaction, the insider now directly owns 1,553,430 shares in the company, valued at $33,989,048.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David B. Blundin sold 4,943 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $16.61, for a total value of $82,103.23. Following the completion of the transaction, the director now owns 797,646 shares of the company’s stock, valued at $13,248,900.06. The disclosure for this sale can be found here. Insiders sold a total of 524,065 shares of company stock worth $9,544,076 over the last ninety days. 29.79% of the stock is currently owned by corporate insiders.

Institutional Trading of EverQuote

A number of hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. lifted its position 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 valued at $42,000 after buying an additional 1,981 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of EverQuote in the fourth quarter valued at approximately $40,000. Tower Research Capital LLC TRC lifted its position in shares of EverQuote by 446.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock valued at $63,000 after buying an additional 4,215 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of EverQuote in the fourth quarter valued at approximately $66,000. Finally, New York State Common Retirement Fund lifted its position 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 valued at $305,000 after buying an additional 5,684 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

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.