EverQuote (NASDAQ:EVER) Price Target Cut to $30.00 by Analysts at Canaccord Genuity Group

EverQuote (NASDAQ:EVER) had its target price reduced by Canaccord Genuity Group from $35.00 to $30.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, January 10th. B. Riley dropped their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research report on Thursday, December 26th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $32.33.

EverQuote Price Performance

Shares of EVER opened at $25.74 on Monday. EverQuote has a 1-year low of $14.28 and a 1-year high of $28.09. The firm has a market capitalization of $909.93 million, a price-to-earnings ratio of 75.71 and a beta of 0.96. The company has a 50-day moving average of $20.08 and a 200 day moving average of $20.13.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.18. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The company had revenue of $147.46 million during the quarter, compared to the consensus estimate of $133.83 million. On average, equities analysts anticipate that EverQuote will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction on Monday, January 27th. The stock was sold at an average price of $20.00, for a total value of $40,000.00. Following the completion of the sale, the director now owns 28,515 shares of the company’s stock, valued at $570,300. The trade was a 6.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO David Brainard sold 6,609 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $21.49, for a total transaction of $142,027.41. Following the sale, the chief technology officer now directly owns 156,783 shares of the company’s stock, valued at $3,369,266.67. This represents a 4.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,568 shares of company stock valued at $1,203,872 over the last quarter. 29.79% of the stock is currently owned by insiders.

Hedge Funds Weigh In On EverQuote

Hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its position in shares of EverQuote by 255.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock worth $5,072,000 after buying an additional 172,785 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in EverQuote by 636.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock valued at $2,209,000 after purchasing an additional 90,500 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of EverQuote by 10.4% during the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock valued at $12,554,000 after buying an additional 56,114 shares during the last quarter. Barclays PLC increased its holdings in shares of EverQuote by 331.2% during the third quarter. Barclays PLC now owns 50,983 shares of the company’s stock valued at $1,076,000 after acquiring an additional 39,160 shares in the last quarter. Finally, Emerald Advisers LLC raised its position in shares of EverQuote by 165.8% in the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after purchasing an additional 399,257 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.