Needham Reiterates a Buy Rating on EverQuote (EVER)

In a report released today, Mayank Tandon from Needham reiterated a Buy rating on EverQuote (EVERResearch Report), with a price target of $65.00. The company’s shares closed last Tuesday at $48.45.

According to TipRanks.com, Tandon is a top 100 analyst with an average return of 26.1% and a 71.2% success rate. Tandon covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Duck Creek Technologies, and Bottomline Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for EverQuote with a $62.00 average price target, representing a 29.1% upside. In a report released today, 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 163 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.