Analysts Set EverQuote, Inc. (NASDAQ:EVER) Target Price at $32.33

Shares of EverQuote, Inc. (NASDAQ:EVER) have earned an average rating of “Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $32.33.

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group cut their price target on EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. lifted their price target on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Needham & Company LLC lifted their price target on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a report on Thursday, December 26th.

Insiders Place Their Bets

In other EverQuote news, CAO Jon Ayotte sold 7,647 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $25.72, for a total value of $196,680.84. Following the transaction, the chief accounting officer now owns 58,045 shares of the company’s stock, valued at approximately $1,492,917.40. This represents a 11.64 % 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, Director John L. Shields sold 2,000 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $20.00, for a total value of $40,000.00. Following the completion of the transaction, the director now directly owns 28,515 shares in the company, valued at $570,300. This represents a 6.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,863 shares of company stock worth $1,204,605 over the last ninety days. Company insiders own 29.79% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of EverQuote by 255.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock valued at $5,072,000 after buying an additional 172,785 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in EverQuote by 636.0% during the 3rd 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 during the period. Geode Capital Management LLC raised its stake in 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 purchasing an additional 56,114 shares during the period. Barclays PLC raised its stake in EverQuote by 331.2% during the 3rd quarter. Barclays PLC now owns 50,983 shares of the company’s stock valued at $1,076,000 after purchasing an additional 39,160 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in EverQuote by 3,022.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock valued at $8,133,000 after purchasing an additional 373,280 shares during the period. Institutional investors own 91.54% of the company’s stock.

EverQuote Stock Up 5.4 %

Shares of NASDAQ EVER opened at $28.05 on Tuesday. The firm’s 50-day moving average price is $21.88 and its two-hundred day moving average price is $20.45. EverQuote has a 52-week low of $16.63 and a 52-week high of $28.25. The stock has a market capitalization of $1.00 billion, a P/E ratio of 82.50 and a beta of 1.01.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.18. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The firm had revenue of $147.46 million for the quarter, compared to analysts’ expectations of $133.83 million. As a group, equities research analysts expect that EverQuote will post 0.72 earnings per share for the current year.

EverQuote Company Profile

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.