EverQuote (NASDAQ:EVER) Price Target Raised to $30.00 at JPMorgan Chase & Co.

EverQuote (NASDAQ:EVER) had its target price raised by JPMorgan Chase & Co. from $29.00 to $30.00 in a research report sent to investors on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other research analysts have also recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of EverQuote in a report on Wednesday, October 8th. Needham & Company LLC raised their price objective on shares of EverQuote from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Wall Street Zen downgraded shares of EverQuote from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $33.75.

EverQuote Stock Performance

Shares of NASDAQ:EVER opened at $24.28 on Tuesday. The company has a market capitalization of $886.46 million, a PE ratio of 16.98 and a beta of 0.53. The stock has a fifty day moving average of $22.41 and a 200-day moving average of $23.54. EverQuote has a one year low of $16.63 and a one year high of $30.03.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, November 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. EverQuote had a return on equity of 39.65% and a net margin of 8.36%.The company had revenue of $173.94 million for the quarter, compared to analyst estimates of $166.09 million. During the same period in the previous year, the firm earned $0.31 earnings per share. EverQuote’s revenue for the quarter was up 20.3% compared to the same quarter last year. EverQuote has set its Q4 2025 guidance at EPS. As a group, research analysts forecast that EverQuote will post 0.72 EPS for the current fiscal year.

Insider Activity at EverQuote

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

Hedge Funds Weigh In On EverQuote

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVER. Versant Capital Management Inc grew its position in EverQuote by 108.9% in the third quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock worth $26,000 after acquiring an additional 601 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of EverQuote by 595.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock valued at $62,000 after purchasing an additional 2,246 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in EverQuote by 25.8% in the second quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock worth $68,000 after purchasing an additional 573 shares in the last quarter. Tower Research Capital LLC TRC increased its position in EverQuote by 271.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock worth $79,000 after buying an additional 2,381 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in EverQuote by 28.7% during the second quarter. Asset Management One Co. Ltd. now owns 4,682 shares of the company’s stock valued at $113,000 after buying an additional 1,044 shares in the last quarter. 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.