Where EverQuote Stands With Analysts
Portfolio Pulse from Benzinga Insights
EverQuote (NASDAQ:EVER) has received mixed analyst ratings over the last quarter, with 4 bullish and 1 somewhat bullish rating. The average 12-month price target is $13.6, with a high of $16.00 and a low of $10.00, marking a significant increase from the previous average of $8.67. Analysts from firms including Needham, Raymond James, Craig-Hallum, and B. Riley Securities have raised their price targets and maintained positive ratings. EverQuote operates an online insurance marketplace and has faced revenue challenges with a -46.71% decline as of September 30, 2023. The company has a strong net margin of -53.11% but below-average ROE and ROA, and a low debt-to-equity ratio of 0.03.
January 26, 2024 | 1:00 pm
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POSITIVE IMPACT
EverQuote has received a mix of bullish ratings and raised price targets from analysts, with an average 12-month price target of $13.6, up from $8.67. Despite revenue challenges, the company has a strong net margin and low debt-to-equity ratio.
The positive analyst ratings and raised price targets suggest confidence in EverQuote's future performance, which could lead to increased investor interest and a potential short-term rise in stock price. However, the significant revenue decline may temper gains, hence the importance is not at the maximum. The confidence score reflects the clear trend in analyst sentiment and the recent price target updates.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100