EverQuote, Inc. (NASDAQ:EVER) Receives $32.40 Average Target Price from Analysts

Shares of EverQuote, Inc. (NASDAQ:EVER) have been given an average recommendation of “Buy” by the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $32.40.

Several analysts have recently weighed in on EVER shares. Wall Street Zen cut shares of EverQuote from a “strong-buy” rating to a “buy” rating in a report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of EverQuote in a research note on Saturday, September 27th. Finally, Needham & Company LLC restated a “buy” rating and issued a $38.00 price objective on shares of EverQuote in a research note on Tuesday, August 5th.

EverQuote Stock Performance

EVER opened at $22.27 on Friday. EverQuote has a one year low of $16.63 and a one year high of $30.03. The company has a market cap of $813.08 million, a P/E ratio of 17.96 and a beta of 0.58. The business’s 50-day simple moving average is $23.75 and its 200-day simple moving average is $24.04.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $156.63 million during the quarter, compared to the consensus estimate of $157.19 million. EverQuote had a return on equity of 36.90% and a net margin of 7.57%.The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 earnings per share. EverQuote has set its Q3 2025 guidance at EPS. As a group, analysts predict that EverQuote will post 0.72 earnings per share for the current fiscal year.

Insider Transactions at EverQuote

In other news, CTO David Brainard sold 1,291 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $23.50, for a total value of $30,338.50. Following the completion of the sale, the chief technology officer directly owned 126,220 shares of the company’s stock, valued at approximately $2,966,170. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Shields sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $24.00, for a total transaction of $48,000.00. Following the transaction, the director owned 29,219 shares in the company, valued at approximately $701,256. This trade represents a 6.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 951,732 shares of company stock worth $22,238,673. Insiders own 25.52% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of EverQuote by 1,553.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 243,385 shares of the company’s stock worth $6,464,000 after buying an additional 228,663 shares during the period. Concurrent Investment Advisors LLC purchased a new stake in EverQuote during the 1st quarter valued at approximately $244,000. Entropy Technologies LP acquired a new stake in EverQuote during the 1st quarter worth approximately $285,000. GAMMA Investing LLC grew its stake in shares of EverQuote by 3,600.0% in the 1st quarter. GAMMA Investing LLC now owns 8,695 shares of the company’s stock valued at $228,000 after purchasing an additional 8,460 shares during the last quarter. Finally, Emerald Advisers LLC acquired a new position in shares of EverQuote in the first quarter valued at approximately $11,621,000. 91.54% of the stock is owned by hedge funds and other 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.