EverQuote (NASDAQ:EVER) Stock Rating Lowered by Wall Street Zen

Wall Street Zen downgraded shares of EverQuote (NASDAQ:EVER) from a strong-buy rating to a buy rating in a research report report published on Friday morning.

EVER has been the subject of several other reports. Needham & Company LLC restated a “buy” rating and set a $38.00 price objective on shares of EverQuote in a research report on Tuesday, August 5th. Weiss Ratings restated a “hold (c)” rating on shares of EverQuote in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, EverQuote has a consensus rating of “Buy” and a consensus target price of $32.40.

EverQuote Stock Performance

NASDAQ:EVER opened at $22.27 on Friday. The stock has a fifty day moving average price of $23.75 and a 200-day moving average price of $24.09. The company has a market cap of $813.08 million, a price-to-earnings ratio of 17.96 and a beta of 0.58. EverQuote has a fifty-two week low of $16.63 and a fifty-two week high of $30.03.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, August 4th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $156.63 million during the quarter, compared to the consensus estimate of $157.19 million. EverQuote had a return on equity of 36.90% and a net margin of 7.57%.The company’s revenue was up 33.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 EPS. EverQuote has set its Q3 2025 guidance at EPS. Research analysts predict that EverQuote will post 0.72 EPS for the current fiscal year.

Insider Transactions at EverQuote

In other EverQuote news, CEO Jayme Mendal sold 14,360 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $22.86, for a total value of $328,269.60. Following the completion of the transaction, the chief executive officer directly owned 512,780 shares in the company, valued at approximately $11,722,150.80. This trade represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ventures Lllp Link sold 900,000 shares of the stock in a transaction dated Sunday, August 10th. The shares were sold at an average price of $23.33, for a total value of $20,997,000.00. Following the completion of the transaction, the insider owned 2,598,154 shares of the company’s stock, valued at $60,614,932.82. This represents a 25.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 959,250 shares of company stock valued at $22,422,920. 25.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EverQuote

Large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its position in EverQuote by 25.8% in the second quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock valued at $68,000 after purchasing an additional 573 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of EverQuote by 271.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock valued at $79,000 after buying an additional 2,381 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of EverQuote by 28.7% in the second quarter. Asset Management One Co. Ltd. now owns 4,682 shares of the company’s stock valued at $113,000 after buying an additional 1,044 shares during the period. AlphaQuest LLC increased its stake in shares of EverQuote by 70.9% in the second quarter. AlphaQuest LLC now owns 5,485 shares of the company’s stock valued at $133,000 after buying an additional 2,276 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in shares of EverQuote by 23.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 6,268 shares of the company’s stock valued at $152,000 after buying an additional 1,178 shares during the period. 91.54% of the stock is currently 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.