EverQuote (NASDAQ:EVER) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of EverQuote (NASDAQ:EVER) from a buy rating to a hold rating in a report issued on Sunday morning,Wall Street Zen reports.

EVER has been the subject of several other reports. Needham & Company LLC increased their price objective on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. assumed coverage on shares of EverQuote in a report on Monday, August 24th. They issued an “overweight” rating and a $29.00 target price on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $28.00 price target on shares of EverQuote in a research report on Thursday, August 13th. Zacks Research downgraded EverQuote from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Finally, B. Riley Financial reissued a “buy” rating and issued a $34.00 price objective (up from $30.00) on shares of EverQuote in a research report on Tuesday, August 4th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.17.

EverQuote Price Performance

EverQuote stock opened at $19.55 on Friday. The stock’s 50 day moving average is $24.86 and its 200 day moving average is $20.84. EverQuote has a one year low of $13.88 and a one year high of $28.73. The firm has a market cap of $704.39 million, a P/E ratio of 6.35 and a beta of 0.67.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $195.09 million during the quarter, compared to the consensus estimate of $191.06 million. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. Equities analysts anticipate that EverQuote will post 1.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other EverQuote news, CEO Jayme Mendal sold 20,981 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $24.27, for a total value of $509,208.87. Following the transaction, the chief executive officer directly owned 591,160 shares of the company’s stock, valued at approximately $14,347,453.20. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO David Brainard sold 1,097 shares of EverQuote stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $26.47, for a total transaction of $29,037.59. Following the transaction, the chief technology officer owned 163,030 shares of the company’s stock, valued at $4,315,404.10. This represents a 0.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 63,024 shares of company stock worth $1,567,321 in the last quarter. Insiders own 23.68% of the company’s stock.

Institutional Investors Weigh In On EverQuote

Institutional investors and hedge funds have recently made changes to their positions in the business. Clearstead Advisors LLC grew its position in EverQuote by 70.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after buying an additional 826 shares in the last quarter. Signature Equity Partners LLC raised its holdings in shares of EverQuote by 65.5% in the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock valued at $33,000 after acquiring an additional 842 shares in the last quarter. Allworth Financial LP boosted its position in shares of EverQuote by 63.7% during the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $61,000 after acquiring an additional 997 shares during the last quarter. Sigma Planning Corp boosted its position in shares of EverQuote by 11.9% during the 1st quarter. Sigma Planning Corp now owns 10,560 shares of the company’s stock valued at $163,000 after acquiring an additional 1,125 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of EverQuote by 4.4% during the second quarter. Concurrent Investment Advisors LLC now owns 28,299 shares of the company’s stock worth $673,000 after purchasing an additional 1,187 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

EverQuote Company Profile

EverQuote, Inc (NASDAQ: EVER) operates an online insurance marketplace that connects consumers with insurance providers and agents. The company uses data, technology and digital marketing to help shoppers compare insurance options and connect with providers that may be able to meet their coverage needs.

EverQuote’s marketplace has primarily focused on auto insurance and has also supported shopping for home, renters, life, health and commercial insurance products. Its platform provides insurance companies and agencies with consumer leads and customer-acquisition solutions designed to help them reach prospective policyholders.

Founded in 2011 and headquartered in Cambridge, Massachusetts, EverQuote serves consumers and insurance providers in the United States.