Shares of EverQuote, Inc. (NASDAQ:EVER – Get Free Report) 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.
View Our Latest Stock Report on EverQuote
Insiders Place Their Bets
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 – Get Free Report) 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.
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