Needham Keeps a Buy Rating on EverQuote (EVER)

In a report released today, Mayank Tandon from Needham reiterated a Buy rating on EverQuote (EVER), with a price target of $45.00. The company’s shares closed last Monday at $29.01.

According to, Tandon is a 5-star analyst with an average return of 7.7% and a 51.6% success rate. Tandon covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Bottomline Technologies, and Sapiens International.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for EverQuote with a $47.29 average price target, which is a 62.0% upside from current levels. In a report issued on March 18, J.P. Morgan also maintained a Buy rating on the stock with a $39.00 price target.

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The company has a one-year high of $48.23 and a one-year low of $7.27. Currently, EverQuote has an average volume of 522.4K.

Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EVER in relation to earlier this year.

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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.

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