EverQuote (NASDAQ:EVER) Price Target Raised to $40.00 at Needham & Company LLC

EverQuote (NASDAQ:EVER) had its price objective raised by Needham & Company LLC from $38.00 to $40.00 in a research note released on Tuesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

EVER has been the subject of several other reports. Weiss Ratings reissued a “hold (c)” rating on shares of EverQuote in a report on Wednesday, October 8th. Wall Street Zen lowered EverQuote from a “strong-buy” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $33.75.

EverQuote Trading Up 8.3%

Shares of EverQuote stock opened at $24.28 on Tuesday. The business’s fifty day simple moving average is $22.41 and its 200 day simple moving average is $23.54. The firm has a market capitalization of $886.46 million, a P/E ratio of 16.98 and a beta of 0.53. EverQuote has a 12 month low of $16.63 and a 12 month high of $30.03.

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

Insider Buying and Selling at EverQuote

In other news, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction on Monday, October 13th. The stock was sold at an average price of $20.78, for a total value of $41,560.00. Following the completion of the transaction, the director directly owned 27,219 shares in the company, valued at approximately $565,610.82. The trade was a 6.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO David Brainard sold 5,710 shares of EverQuote stock in a transaction 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 completion of the transaction, the chief technology officer owned 115,161 shares of the company’s stock, valued at approximately $2,556,574.20. This trade represents a 4.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 958,113 shares of company stock valued at $22,295,496 in the last quarter. Insiders own 25.52% of the company’s stock.

Hedge Funds Weigh In On EverQuote

Several hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its position in shares of EverQuote by 595.8% in the third 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 in the last quarter. Principal Financial Group Inc. grew its position in shares of EverQuote by 53.1% in the third quarter. Principal Financial Group Inc. now owns 29,561 shares of the company’s stock valued at $676,000 after purchasing an additional 10,255 shares in the last quarter. AlphaQuest LLC grew its position in shares of EverQuote by 118.3% in the third quarter. AlphaQuest LLC now owns 11,974 shares of the company’s stock valued at $274,000 after purchasing an additional 6,489 shares in the last quarter. Y Intercept Hong Kong Ltd grew its position in shares of EverQuote by 75.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 114,451 shares of the company’s stock valued at $2,617,000 after purchasing an additional 49,205 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of EverQuote by 27.7% in the third quarter. Teacher Retirement System of Texas now owns 69,346 shares of the company’s stock valued at $1,586,000 after purchasing an additional 15,028 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

EverQuote Company Profile

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.