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Fly News Breaks for July 23, 2018
EVER
Jul 23, 2018 | 07:23 EDT
JMP Securities analyst Ronald Josey initiated EverQuote with an Outperform rating and $25 price target, as he believes insurance as a category is significantly underpenetrated online and he sees a near-term total addressable market of $2.6B in online advertising spend from the non-health insurance industry as part of the broader $8B in direct ad spend.