EverQuote, Inc. (NASDAQ:EVER) Receives Average Rating of “Moderate Buy” from Analysts

Shares of EverQuote, Inc. (NASDAQ:EVER) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $23.8333.

Several analysts have commented on EVER shares. Weiss Ratings restated a “hold (c)” rating on shares of EverQuote in a report on Thursday, January 22nd. JPMorgan Chase & Co. cut their price objective on shares of EverQuote from $32.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 24th. Needham & Company LLC reduced their target price on shares of EverQuote from $40.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. B. Riley Financial decreased their target price on shares of EverQuote from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Finally, Wall Street Zen raised EverQuote from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th.

Insider Buying and Selling

In other EverQuote news, CAO Jon Ayotte sold 1,730 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $15.56, for a total value of $26,918.80. Following the sale, the chief accounting officer owned 86,202 shares in the company, valued at approximately $1,341,303.12. This represents a 1.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO David Brainard sold 5,709 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $25.05, for a total transaction of $143,010.45. Following the sale, the chief technology officer directly owned 101,603 shares in the company, valued at $2,545,155.15. The trade was a 5.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 55,249 shares of company stock valued at $1,238,364 in the last three months. 25.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On EverQuote

Several large investors have recently made changes to their positions in the company. Lazard Asset Management LLC grew its position in EverQuote by 81.7% during the fourth quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock valued at $24,333,000 after buying an additional 405,237 shares during the period. Balyasny Asset Management L.P. raised its position in shares of EverQuote by 110.7% in the third quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company’s stock worth $15,720,000 after acquiring an additional 361,082 shares during the period. AQR Capital Management LLC raised its position in shares of EverQuote by 95.1% in the second quarter. AQR Capital Management LLC now owns 655,615 shares of the company’s stock worth $15,853,000 after acquiring an additional 319,618 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of EverQuote by 615.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock worth $8,896,000 after acquiring an additional 292,172 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of EverQuote by 1,100.6% during the 4th quarter. SG Americas Securities LLC now owns 244,937 shares of the company’s stock worth $6,613,000 after acquiring an additional 224,535 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

EverQuote Trading Down 1.3%

EverQuote stock opened at $16.85 on Monday. EverQuote has a 12-month low of $13.93 and a 12-month high of $30.03. The firm has a 50-day moving average price of $20.63 and a 200-day moving average price of $22.85. The firm has a market capitalization of $607.11 million, a PE ratio of 6.38 and a beta of 0.54.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, February 23rd. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $0.35 by $1.19. The company had revenue of $195.32 million for the quarter, compared to the consensus estimate of $176.82 million. EverQuote had a net margin of 14.34% and a return on equity of 57.65%. The firm’s revenue was up 32.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 EPS. As a group, sell-side analysts predict that EverQuote will post 0.72 earnings per share for the current fiscal year.

About EverQuote

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.