B. Riley Boosts EverQuote (NASDAQ:EVER) Price Target to $29.50

EverQuote (NASDAQ:EVER) had its target price increased by analysts at B. Riley from $24.00 to $29.50 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s target price would indicate a potential upside of 23.85% from the stock’s current price.

A number of other analysts also recently issued reports on EVER. Canaccord Genuity Group raised their target price on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. Needham & Company LLC increased their target price on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price target on EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Finally, Craig Hallum boosted their target price on EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, EverQuote has an average rating of “Buy” and a consensus price target of $26.25.

EverQuote Price Performance

NASDAQ EVER opened at $23.82 on Tuesday. The company has a fifty day moving average price of $18.53 and a 200-day moving average price of $13.82. EverQuote has a 1 year low of $5.36 and a 1 year high of $25.69. The firm has a market cap of $815.36 million, a price-to-earnings ratio of -15.64 and a beta of 0.85.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.12. The firm had revenue of $91.07 million during the quarter, compared to analyst estimates of $80.36 million. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.08) EPS. On average, research analysts anticipate that EverQuote will post -0.36 EPS for the current fiscal year.

Insider Buying and Selling

In other EverQuote news, Director David B. Blundin sold 89,177 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $15.00, for a total value of $1,337,655.00. Following the sale, the director now owns 802,589 shares of the company’s stock, valued at approximately $12,038,835. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director David B. Blundin sold 89,177 shares of EverQuote stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $15.00, for a total value of $1,337,655.00. Following the sale, the director now directly owns 802,589 shares in the company, valued at approximately $12,038,835. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Ventures Lllp Link sold 10,422 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $15.43, for a total value of $160,811.46. Following the transaction, the insider now owns 1,858,407 shares of the company’s stock, valued at approximately $28,675,220.01. The disclosure for this sale can be found here. Insiders have sold a total of 524,065 shares of company stock valued at $9,544,076 over the last three months. 29.79% of the stock is owned by company insiders.

Hedge Funds Weigh In On EverQuote

Institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC purchased a new position in shares of EverQuote during the 4th quarter worth approximately $40,000. First Horizon Advisors Inc. raised its holdings in EverQuote by 52.5% in the third quarter. First Horizon Advisors Inc. now owns 5,755 shares of the company’s stock worth $42,000 after purchasing an additional 1,981 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in EverQuote by 446.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock valued at $63,000 after buying an additional 4,215 shares during the period. Asset Management One Co. Ltd. bought a new stake in shares of EverQuote during the 4th quarter valued at $66,000. Finally, Gilbert & Cook Inc. bought a new position in shares of EverQuote in the 3rd quarter worth about $85,000. 91.54% of the stock is owned by institutional investors.

About EverQuote

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.