EverQuote (NASDAQ:EVER) Raised to “Strong-Buy” at Raymond James

Raymond James upgraded shares of EverQuote (NASDAQ:EVER) from an outperform rating to a strong-buy rating in a research note issued to investors on Thursday morning, MarketBeat reports. Raymond James currently has $35.00 target price on the stock.

Other research analysts also recently issued research reports about the company. B. Riley cut their target price on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price target on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $32.17.

EverQuote Trading Down 2.1 %

Shares of EVER stock opened at $19.68 on Thursday. The firm’s 50 day moving average is $18.53 and its 200 day moving average is $20.77. The stock has a market capitalization of $695.71 million, a P/E ratio of 57.88 and a beta of 0.96. EverQuote has a 12 month low of $10.21 and a 12 month high of $28.09.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm had revenue of $144.53 million for the quarter, compared to the consensus estimate of $140.30 million. During the same quarter in the prior year, the business posted ($0.40) earnings per share. The business’s quarterly revenue was up 162.7% on a year-over-year basis. On average, equities analysts predict that EverQuote will post 0.72 EPS for the current year.

Insider Buying and Selling at EverQuote

In other news, CTO David Brainard sold 1,641 shares of EverQuote stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total transaction of $33,181.02. Following the completion of the sale, the chief technology officer now directly owns 155,491 shares of the company’s stock, valued at approximately $3,144,028.02. The trade was a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director George R. Neble sold 2,500 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the transaction, the director now directly owns 54,970 shares in the company, valued at approximately $1,067,517.40. This represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,306 shares of company stock valued at $443,260 in the last 90 days. Corporate insiders own 29.79% of the company’s stock.

Hedge Funds Weigh In On EverQuote

A number of hedge funds and other institutional investors have recently modified their holdings of EVER. Bank of New York Mellon Corp boosted its stake in EverQuote by 18.6% in the second quarter. Bank of New York Mellon Corp now owns 86,394 shares of the company’s stock worth $1,802,000 after buying an additional 13,536 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of EverQuote in the 2nd quarter valued at $3,796,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of EverQuote during the 2nd quarter valued at $147,000. nVerses Capital LLC purchased a new position in EverQuote in the 2nd quarter worth $35,000. Finally, Rhumbline Advisers boosted its position in EverQuote by 18.3% during the second quarter. Rhumbline Advisers now owns 35,793 shares of the company’s stock valued at $747,000 after buying an additional 5,534 shares during the period. 91.54% of the stock is currently owned by hedge funds and other 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.