Wall Street Zen Downgrades EverQuote (NASDAQ:EVER) to Buy

EverQuote (NASDAQ:EVER) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

EVER has been the topic of a number of other research reports. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price objective on shares of EverQuote in a report on Tuesday, August 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EverQuote in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $32.40.

EverQuote Stock Up 4.3%

NASDAQ EVER opened at $21.54 on Friday. EverQuote has a fifty-two week low of $16.63 and a fifty-two week high of $30.03. The business has a 50 day moving average price of $22.41 and a two-hundred day moving average price of $23.51. The stock has a market cap of $786.43 million, a PE ratio of 17.37 and a beta of 0.58.

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

Insiders Place Their Bets

In other news, major shareholder Ventures Lllp Link sold 900,000 shares of the stock in a transaction dated Sunday, August 10th. The shares were sold at an average price of $23.33, for a total transaction of $20,997,000.00. Following the transaction, the insider owned 2,598,154 shares of the company’s stock, valued at approximately $60,614,932.82. This trade represents a 25.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO David Brainard sold 5,710 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $22.20, for a total value of $126,762.00. Following the sale, the chief technology officer owned 115,161 shares in the company, valued at $2,556,574.20. The trade was a 4.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 958,113 shares of company stock worth $22,295,496. Company insiders own 25.52% of the company’s stock.

Institutional Trading of EverQuote

Institutional investors have recently added to or reduced their stakes in the business. Nuveen LLC bought a new position in shares of EverQuote in the 1st quarter worth about $15,363,000. Emerald Advisers LLC bought a new position in shares of EverQuote during the first quarter valued at approximately $11,621,000. Hennessy Advisors Inc. bought a new position in shares of EverQuote during the second quarter valued at approximately $10,170,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of EverQuote in the 1st quarter worth approximately $8,383,000. Finally, AQR Capital Management LLC boosted its position in EverQuote by 95.1% during the 2nd quarter. AQR Capital Management LLC now owns 655,615 shares of the company’s stock valued at $15,853,000 after purchasing an additional 319,618 shares during the period. 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.