EverQuote (NASDAQ:EVER) Price Target Lowered to $28.00 at JPMorgan Chase & Co.

EverQuote (NASDAQ:EVER) had its price target reduced by JPMorgan Chase & Co. from $34.00 to $28.00 in a report published on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts also recently issued research reports about the stock. Needham & Company LLC boosted their price target on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Craig Hallum upped their price target on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $28.50.

EverQuote Stock Down 0.3 %

NASDAQ EVER opened at $18.42 on Tuesday. The company has a market capitalization of $646.17 million, a price-to-earnings ratio of 55.50 and a beta of 1.06. EverQuote has a twelve month low of $7.95 and a twelve month high of $28.09. The stock has a fifty day simple moving average of $20.37 and a 200 day simple moving average of $21.75.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. The company had revenue of $144.53 million during the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a return on equity of 15.01% and a net margin of 3.31%. The business’s quarterly revenue was up 162.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.40) earnings per share. Research analysts expect that EverQuote will post 0.57 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Joseph Sanborn sold 4,800 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $21.54, for a total transaction of $103,392.00. Following the transaction, the chief financial officer now directly owns 207,691 shares of the company’s stock, valued at $4,473,664.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Joseph Sanborn sold 4,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $21.54, for a total transaction of $103,392.00. Following the transaction, the chief financial officer now directly owns 207,691 shares of the company’s stock, valued at approximately $4,473,664.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO David Brainard sold 1,641 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total value of $33,181.02. Following the completion of the transaction, the chief technology officer now owns 155,491 shares in the company, valued at approximately $3,144,028.02. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,270 shares of company stock worth $431,011 in the last quarter. 29.79% of the stock is owned by corporate insiders.

Institutional Trading of EverQuote

Several hedge funds have recently bought and sold shares of the business. nVerses Capital LLC lifted its stake in shares of EverQuote by 41.2% in the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after buying an additional 700 shares in the last quarter. Quarry LP raised its holdings in shares of EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after acquiring an additional 985 shares during the last quarter. CWM LLC lifted its position in EverQuote by 133.2% in the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after acquiring an additional 1,063 shares in the last quarter. Gladius Capital Management LP bought a new position in EverQuote in the 3rd quarter valued at about $26,000. Finally, Meeder Asset Management Inc. acquired a new position in EverQuote during the 2nd quarter valued at about $76,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

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.