EverQuote (NASDAQ:EVER) price target raised to $29.50

EverQuote (NASDAQ:EVER – Free Report) The price target was raised by B. Riley from $24.00 to $29.50 in a research note released Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

EVER has been the subject of several other research reports. Needham & Company LLC raised their price objective on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday. Canaccord Genuity Group raised their price objective on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of EverQuote from $13.00 to $25.00 and gave the stock an overweight rating in a report on Tuesday, February 27. Finally, Craig Hallum raised his price objective on shares of EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday. Six investment analysts have rated the stock with a buy rating. Based on data from MarketBeat, the stock has a consensus rating of Buy and an average price target of $26.25.

Check out our latest research report on EverQuote

EverQuote Stock Performance

Shares of EVER opened at $25.29 on Tuesday. EverQuote has a 1-year low of $5.36 and a 1-year high of $25.69. The company has a market cap of $865.68 million, a price-to-earnings ratio of -16.42 and a beta of 0.85. The company has a fifty-day moving average of $18.38 and a 200-day moving average of $13.69.

EverQuote (NASDAQ:EVER – Get Free Report) last reported its quarterly results on Monday, May 6. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.12. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. The company had revenue of $91.07 million during the quarter, compared to the consensus estimate of $80.36 million. During the same quarter of the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter fell 16.6% compared to the same quarter last year. Analysts predict that EverQuote will post -0.36 earnings per share for the current year.

Insiders place their bets

In other EverQuote news, Director David B. Blundin sold 89,177 shares of the company’s stock in a transaction dated Friday, February 9th. The shares sold at an average price of $15.00, for a total value of $1,337,655.00. Following the sale, the director now directly owns 802,589 shares in the company, valued at $12,038,835. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other EverQuote news, major shareholder Ventures Lllp Link sold 10,422 shares of the company’s stock in a transaction dated Friday, February 9th. The shares sold at an average price of $15.43, for a total value of $160,811.46. Following the sale, the insider now directly owns 1,858,407 shares in the company, valued at $28,675,220.01. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David B. Blundin sold 89,177 shares of the company’s stock in a transaction dated Friday, February 9th. The shares sold at an average price of $15.00, for a total transaction of $1,337,655.00. Following the completion of the sale, the director now owns 802,589 shares in the company, valued at $12,038,835. The explanation of this sale can be found here. In the last three months, insiders have sold 524,065 shares of the company’s stock worth $9,544,076. 29.79% of the shares are owned by business insiders.

Institutional trading in EverQuote

Several institutional investors and hedge funds have recently bought and sold shares of EVER. FNY Investment Advisers LLC acquired a new stake in EverQuote during the fourth quarter valued at approximately $40,000. First Horizon Advisors Inc. increased its stake in EverQuote by 52.5% during the third quarter. First Horizon Advisors Inc. now owns 5,755 shares of the company’s stock worth $42,000 after purchasing an additional 1,981 shares during the period. Tower Research Capital LLC TRC increased its holdings in EverQuote by 446.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock worth $63,000 after purchasing an additional 4,215 shares during the period. Asset Management One Co. Ltd. acquired a new stake in EverQuote worth approximately $66,000 during the fourth quarter. Finally, Gilbert & Cook Inc. acquired. during the third quarter, a new stake in EverQuote valued at approximately $85,000. Institutional investors and hedge funds own 91.54% of the company’s shares.

EverQuote Company Profile

(Get a free report)

EverQuote, Inc operates an online marketplace for purchasing insurance in the United States. The company offers auto, home, renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was previously known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.

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