Oppenheimer Gives a Buy Rating to EverQuote (EVER)
Oppenheimer analyst Jed Kelly assigned a Buy rating to EverQuote (EVER) today and set a price target of $70.00. The company’s shares closed last Monday at $44.53.
According to TipRanks.com, Kelly is a 4-star analyst with an average return of 14.6% and a 54.8% success rate. Kelly covers the Technology sector, focusing on stocks such as Rush Street Interactive, DraftKings, and CarGurus.
Currently, the analyst consensus on EverQuote is a Strong Buy with an average price target of $62.00.
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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.