Last Updated: 15 Sep 2024
Executive Summary
EverQuote Inc. Class A (EVER) is a leading online insurance marketplace in the United States. The company has a strong market position, a growing customer base, and a solid financial foundation. EVER is currently trading at $22.6, which is below its 52-week high of $28.09. The stock is rated as a "Buy" by 7 analysts, with a target price of $33.81.
Company Overview
EverQuote was founded in 1998 and is headquartered in Cambridge, Massachusetts. The company operates an online marketplace that connects consumers with insurance providers. EverQuote offers a wide range of insurance products, including auto, home, health, and life insurance. The company's platform allows consumers to compare quotes from multiple insurance providers and purchase insurance online.
Fundamental Analysis
EverQuote has a strong financial foundation. The company has a market capitalization of $792.9 million and a trailing twelve-month revenue of $318.9 million. The company's gross profit margin is 53.7%, and its operating margin is 5.4%. EverQuote is not yet profitable, but the company is expected to become profitable in the near future.
Technical Analysis
EverQuote's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 60, which indicates that the stock is overbought. However, the stock's moving average convergence divergence (MACD) is positive, which indicates that the stock is still in a bullish trend.
Short Term Outlook
EverQuote's stock price is expected to continue to trend higher in the short term. The stock is currently trading above its key moving averages, and the RSI is overbought. However, the MACD is positive, which indicates that the stock is still in a bullish trend.
Long Term Outlook
EverQuote's long-term outlook is positive. The company has a strong market position, a growing customer base, and a solid financial foundation. The company is expected to become profitable in the near future, and its stock price is expected to continue to trend higher.
Analyst Recommendations
Seven analysts have rated EverQuote's stock as a "Buy." The average target price for the stock is $33.81.
