EverQuote (NASDAQ:EVER) Price Target Raised to $30.00 at JPMorgan Chase & Co.

EverQuote (NASDAQ:EVER) had its price target hoisted by JPMorgan Chase & Co. from $29.00 to $30.00 in a research note published on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also issued research reports about the stock. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price target on shares of EverQuote in a report on Tuesday. Canaccord Genuity Group decreased their price target on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $32.50.

EverQuote Trading Down 12.0 %

EVER opened at $23.19 on Tuesday. The stock has a market capitalization of $828.40 million, a P/E ratio of 68.20 and a beta of 0.45. EverQuote has a 12-month low of $16.63 and a 12-month high of $30.03. The stock has a 50-day moving average price of $24.67 and a 200-day moving average price of $21.26.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating 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 company had revenue of $147.46 million during the quarter, compared to analysts’ expectations of $133.83 million. On average, equities research analysts predict that EverQuote will post 0.72 EPS for the current year.

Insider Transactions at EverQuote

In other EverQuote news, Director David B. Blundin sold 77,600 shares of the business’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $28.67, for a total value of $2,224,792.00. Following the sale, the director now directly owns 97,920 shares of the company’s stock, valued at approximately $2,807,366.40. The trade was a 44.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jayme Mendal sold 14,360 shares of the firm’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $21.36, for a total value of $306,729.60. Following the transaction, the chief executive officer now owns 587,509 shares of the company’s stock, valued at $12,549,192.24. The trade was a 2.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 193,967 shares of company stock valued at $5,278,231 in the last ninety days. 29.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EVER. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 acquiring an additional 608 shares during the last quarter. Corton Capital Inc. raised its stake in shares of 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 purchasing an additional 714 shares during the last quarter. Legal & General Group Plc raised 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 during the last quarter. Rhumbline Advisers boosted its position in shares of EverQuote by 4.0% during the fourth quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock valued at $698,000 after buying an additional 1,332 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in shares of EverQuote by 2.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 55,600 shares of the company’s stock valued at $1,111,000 after buying an additional 1,500 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other 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.