EverQuote (NASDAQ:EVER) Hits New 12-Month High – Here’s Why

EverQuote, Inc. (NASDAQ:EVER) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $29.97 and last traded at $28.40, with a volume of 80634 shares traded. The stock had previously closed at $28.71.

Analyst Ratings Changes

A number of brokerages have recently commented on EVER. Raymond James raised shares of 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. JPMorgan Chase & Co. boosted their price objective on EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Canaccord Genuity Group lowered their target price on EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Finally, Needham & Company LLC boosted their price target on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $32.33.

EverQuote Stock Performance

The company has a market capitalization of $1.06 billion, a PE ratio of 87.38 and a beta of 1.01. The firm has a fifty day simple moving average of $23.06 and a 200-day simple moving average of $20.68.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 3.31% and a return on equity of 13.94%. As a group, research analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Insider Activity at EverQuote

In other EverQuote news, CAO Jon Ayotte sold 7,647 shares of EverQuote stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $25.72, for a total value of $196,680.84. Following the completion of the transaction, the chief accounting officer now owns 58,045 shares of the company’s stock, valued at $1,492,917.40. The trade was a 11.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John L. Shields sold 2,000 shares of the stock in a transaction 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 sale, the director now directly owns 28,515 shares in the company, valued at $570,300. This trade represents a 6.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 200,028 shares of company stock valued at $5,269,954 over the last three months. 29.79% of the stock is owned by insiders.

Institutional Investors Weigh In On EverQuote

A number of institutional investors have recently modified their holdings of EVER. R Squared Ltd bought a new position in EverQuote in the fourth quarter worth about $34,000. Quarry LP raised its position in shares of EverQuote by 100.7% during the 3rd quarter. Quarry LP now owns 2,894 shares of the company’s stock worth $61,000 after purchasing an additional 1,452 shares during the period. Quantbot Technologies LP lifted its holdings in shares of EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after purchasing an additional 1,874 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in EverQuote during the 4th quarter valued at approximately $90,000. Finally, Asset Management One Co. Ltd. boosted its position in EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock valued at $90,000 after purchasing an additional 2,042 shares during the period. Institutional investors own 91.54% of the company’s stock.

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.