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Fly News Breaks for November 13, 2018
EVER
Nov 13, 2018 | 08:30 EDT
JMP Securities analyst Ronald Josey lowered his price target to $18 from $25 on EverQuote shares following the company's mixed Q3 results, stating that he was encouraged to hear that declines in Quote Requests have reversed somewhat in recent weeks, but also noted that pressure on Revenue per Quote Request is impacting Q4 revenue and profitability guidance. He keeps an Outperform rating on EverQuote, citing its scale in users and insurance providers along with continued improvement in technology integrations with providers.
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