Oppenheimer Trims EverQuote (NASDAQ:EVER) Target Price to $55.00

Samuel Edwards

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EverQuote (NASDAQ:EVER) had its price objective dropped by Oppenheimer from $65.00 to $55.00 in a research note issued on Tuesday, Stock Target Advisor reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price points to a potential upside of 40.31% from the stock’s current price.

EVER has been the subject of a number of other reports. Raymond James decreased their price target on EverQuote from $63.00 to $51.00 and set an “outperform” rating for the company in a research report on Tuesday. ValuEngine raised EverQuote from a “hold” rating to a “buy” rating in a research report on Thursday, October 1st.

Shares of EVER opened at $39.20 on Tuesday. The company has a market cap of $1.07 billion, a P/E ratio of -217.78 and a beta of 1.65. EverQuote has a 12 month low of $21.00 and a 12 month high of $63.44.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.05). The business had revenue of $78.30 million for the quarter, compared to analysts’ expectations of $79.06 million. EverQuote had a negative net margin of 1.67% and a negative return on equity of 9.24%. As a group, research analysts anticipate that EverQuote will post -0.28 EPS for the current fiscal year.

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About EverQuote

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. Its online marketplace offers consumers shopping for auto, home and renters, life, health, and commercial insurance. The company serves carriers, agents, and indirect distributors and aggregators. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.

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