Brokerages Set EverQuote, Inc. (NASDAQ:EVER) Target Price at $26.25

Shares of EverQuote, Inc. (NASDAQ:EVER) have earned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have covered the stock in the last year is $26.25.

Several analysts have issued reports on EVER shares. B. Riley boosted their price target on EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a report on Tuesday, May 7th. Canaccord Genuity Group boosted their price target on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Craig Hallum boosted their price target on EverQuote from $26.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Finally, Needham & Company LLC boosted their price target on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, May 7th.

Insider Transactions at EverQuote

In other news, major shareholder Ventures Lllp Link sold 6,830 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $20.14, for a total value of $137,556.20. Following the completion of the transaction, the insider now owns 1,556,160 shares of the company’s stock, valued at $31,341,062.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Ventures Lllp Link sold 6,830 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $20.14, for a total value of $137,556.20. Following the completion of the transaction, the insider now owns 1,556,160 shares of the company’s stock, valued at $31,341,062.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David B. Blundin sold 58,434 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $20.14, for a total value of $1,176,860.76. Following the transaction, the director now directly owns 535,058 shares of the company’s stock, valued at $10,776,068.12. The disclosure for this sale can be found here. Insiders sold a total of 162,498 shares of company stock valued at $3,500,257 over the last 90 days. Company insiders own 29.79% of the company’s stock.

Hedge Funds Weigh In On EverQuote

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC boosted its stake in EverQuote by 133.2% during the second quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after buying an additional 1,063 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in EverQuote by 446.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock valued at $63,000 after buying an additional 4,215 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in EverQuote during the fourth quarter valued at approximately $66,000. State Board of Administration of Florida Retirement System bought a new position in EverQuote during the first quarter valued at approximately $211,000. Finally, NewEdge Wealth LLC bought a new position in EverQuote during the fourth quarter valued at approximately $264,000. 91.54% of the stock is owned by institutional investors.

EverQuote Stock Performance

EverQuote stock opened at $26.48 on Wednesday. The stock has a market cap of $919.39 million, a PE ratio of -18.78 and a beta of 0.96. EverQuote has a one year low of $5.36 and a one year high of $26.53. The stock has a fifty day moving average of $22.36 and a 200 day moving average of $19.01.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. The company had revenue of $91.07 million during the quarter, compared to analysts’ expectations of $80.36 million. EverQuote had a negative return on equity of 31.65% and a negative net margin of 17.37%. EverQuote’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.08) earnings per share. As a group, sell-side analysts predict that EverQuote will post 0.05 EPS for the current fiscal year.

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.