EverQuote Inc. (NASDAQ:EVER) does about 465.94K shares in volume on a normal day but saw 554796 shares change hands in Thursday trading. The company now has a market cap of 929.36M USD and an enterprise value of about $1.02B. Its current market price is $36.69, marking a decrease of -1.53% compared to the previous close of $37.26. The 52 week high reached by this stock is $63.44 whilst the lowest price level in 52 weeks is $17.21. The script in recent trading has seen the stock touch a high of $37.96 and a low of $36.05.
EverQuote Inc. (EVER) has a 20-day trading average at $47.47 and the current price is -42.17% off the 52-week high compared with 113.19% distance from its 52-week low. The 50-day simple moving average of the closing price is $54.45 and its 200-day simple moving average is $40.76. If we look at the stock’s price movements over the week, volatility stands at 7.59%, which decreases to 7.58% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 29.77 to suggest the stock is oversold.
8 analysts observing the EverQuote Inc. (EVER) stock have set the 12-month price targets for the company’s shares at between $48.00 and $70.00. The consensus objective for the share price is $62.00, suggesting that the stock has a potential upside of 40.82% over the period. The median price target is 41.76% away from the current levels at $63.00.
FactSet Research has provided data showing that 8 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 1 advise that it is a overweight. 6 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 14, 2020 when BofA Securities downgraded the stock to “Underperform” and issued a price target of $48. BofA/Merrill also downgraded the stock to “Neutral” from Buy on February 26, 2020 at a price target of $45.
The current price level is -24.48%, -33.14%, and -9.79% away from its SMA20, SMA50, and SMA200 respectively, with the EVER price moving above the 50-day SMA on August 13. EverQuote Inc. (EVER) stock is down -8.53% over the week and -36.58% over the past month. Its price is 6.81% year-to-date and 82.54% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$0.1 below consensus estimates by -$0.06. The company’s next earnings report is expected on 11/16/2020, with forecasts estimating quarterly EPS at -$0.07 and -$0.31 for whole year. EVER’s earnings per share are forecast to shrink by -10.70% this year and 61.30% over next year. Expected sales for next quarter are $89.61 million, which analysts say will come at $334.39 million for the current fiscal year and next year at $409.3 million. In addition, estimates put the company’s current quarterly revenue at an average of $85.07 million.
Its 12-month price target is $63.00. To reach the target analysts have set, the stock logically needs to grow 40.82 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $48.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $70.00.
Outstanding shares total 26.64M with insiders holding 27.61% of the shares and institutional holders owning 73.67% of the company’s common stock. The company has a return on equity of -14.20%. Price to book ratio is 17.39 and price to sales ratio is 3.09.
According to a U.S. Securities and Exchange Commission filing, T Rowe Price Small Cap Value Fund has reduced its position in EverQuote Inc. (EVER) to 675,578 shares, mirroring a recent drop by -0.56%. T Rowe Price Small Cap Value Fund dumped 3800.0 shares of EverQuote Inc. common stock bringing its total worth to about $36.79 million at the end of recent close, SEC documents show. T Rowe Price Small Cap Value Fund isn’t the only investment manager who changed stakes and is followed by Columbia Small Cap Growth Fund I, which sold off 0.0 shares to end up with 339,672 shares worth $18.5 million. Vanguard Total Stock Market Index raise their holdings by 36.47% in the company over the course of the most recent quarter. It now holds a 1.72% position in EverQuote Inc. thanks to 0.31 million shares amounting to $16.78 million.