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Price as of May 31st, 2023: $9.11
Everquote is definitely a high-risk, high-reward play. The online provider of insurance quotes provides aggregated information from a variety of providers to allow consumers to choose where they want to buy their auto, home, medical, life, renters or commercial insurance products.
Shares are down more than 80% from their all-time highs, as investors have been disappointed with results over the last year and a half, and growth stocks in general have gotten hammered.
Yet, analysts still have a consensus “buy” rating on the stock, with an average price target of $12.00, or about 31% above current levels. If the company can execute on its vision to be the dominant provider of online insurance quotes, it could end up being the Amazon of its industry.
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