EverQuote (EVER) Receives a Rating Update from a Top Analyst

Raymond James analyst Aaron Kessler maintained a Buy rating on EverQuote (EVERResearch Report) yesterday and set a price target of $58.00. The company’s shares closed last Tuesday at $49.75.

According to TipRanks.com, Kessler is a top 100 analyst with an average return of 28.3% and a 73.6% success rate. Kessler covers the Technology sector, focusing on stocks such as Uber Technologies, Alphabet Class C, and Alphabet Class A.

Currently, the analyst consensus on EverQuote is a Strong Buy with an average price target of $61.20, a 27.5% upside from current levels. In a report released yesterday, Oppenheimer also assigned a Buy rating to the stock with a $70.00 price target.

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Based on EverQuote’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $89.98 million and GAAP net loss of $3.18 million. In comparison, last year the company earned revenue of $67.11 million and had a net profit of $173K.

Based on the recent corporate insider activity of 158 insiders, corporate insider sentiment is neutral on the stock.

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EverQuote, Inc. operates as an online insurance marketplace connecting consumers with insurance providers. It offers car, home and life insurance. The firm’s data and technology platform matches and connects consumers seeking to purchase insurance with relevant options from its broad direct network of insurance providers. The company was founded by Seth N. Birnbaum, David B. Blundin, and Tomas Revesz in August 1, 2008 and is headquartered in Cambridge, MA.