Canaccord Genuity Group Cuts EverQuote (NASDAQ:EVER) Price Target to $30.00

EverQuote (NASDAQ:EVER) had its price target trimmed by Canaccord Genuity Group from $35.00 to $30.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on EverQuote from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. B. Riley dropped their price objective 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 raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research note on Thursday, December 26th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $32.33.

EverQuote Trading Up 0.5 %

EVER stock opened at $25.74 on Monday. EverQuote has a 1-year low of $14.28 and a 1-year high of $28.09. The stock has a market cap of $909.93 million, a P/E ratio of 75.71 and a beta of 0.96. The stock’s fifty day simple moving average is $20.08 and its two-hundred day simple moving average is $20.13.

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

Insider Buying and Selling at EverQuote

In other news, Director John L. Shields sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $20.00, for a total transaction of $40,000.00. Following the transaction, the director now directly owns 28,515 shares of the company’s stock, valued at approximately $570,300. The trade was a 6.55 % 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, CTO David Brainard sold 14,590 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $17.44, for a total transaction of $254,449.60. Following the completion of the transaction, the chief technology officer now directly owns 137,291 shares of the company’s stock, valued at approximately $2,394,355.04. The trade was a 9.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,568 shares of company stock worth $1,203,872 over the last three months. Company insiders own 29.79% of the company’s stock.

Hedge Funds Weigh In On EverQuote

Institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in EverQuote by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,383 shares of the company’s stock worth $288,000 after buying an additional 608 shares during the last quarter. Corton Capital Inc. increased its position in EverQuote by 3.4% in the fourth quarter. Corton Capital Inc. now owns 21,592 shares of the company’s stock worth $432,000 after buying an additional 714 shares in the last quarter. Legal & General Group Plc increased its stake in shares of EverQuote by 4.8% in the fourth quarter. Legal & General Group Plc now owns 21,985 shares of the company’s stock worth $439,000 after purchasing an additional 1,012 shares in the last quarter. Gladius Capital Management LP bought a new stake in EverQuote during the 3rd quarter valued at approximately $26,000. Finally, Rhumbline Advisers increased its holdings in EverQuote by 4.0% in the 4th quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock valued at $698,000 after acquiring an additional 1,332 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

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.